Moneycontrol
Nov 02, 2017 07:59 PM IST | Source: CNBC-TV18

Raymond a solid brand in right place with right opportunities, says Gautam Singhania

Raymond is in the right place and has the right opportunities. That is the word coming in from Gautam Singhania of Raymond. In an exclusive chat with CNBC-TV18's Varinder Bansal, he also said that they are hopeful of a double-digit margin growth over 3-4 years.

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Raymond is in the right place and has the right opportunities. That is the word coming in from Gautam Singhania of Raymond.

In an exclusive chat with CNBC-TV18's Varinder Bansal, he also said that they are hopeful of a double-digit margin growth over 3-4 years.

Every business has its own challenges; apparel business is growing strongly, he said.

Company delivering high double-digit growth, see a lot of opportunities for the business going ahead, he added.

Main priority is to see exponential shareholder return and it will come by doing the right things. Raymond today is a solid brand in the right place, in the right country with the right opportunities, said Singhania.

As consumption grows and as economy picks up, demand also grows, he further mentioned.

On growth, he hopes to see double digit growth of 10-12 percent for the company as a whole, he said.

Every quarter there is an improvement. As the topline grows, margin will also improve, Singhania added.

Watch accompanying video for an excerpt of that conversation in a special series, CNBC-TV18 Checks In.
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