SENSEX NIFTY
Mar 20, 2012, 02.02 PM IST | Source: PTI

Raymond eyes 4-5% mkt share of economy clothing by 2012-13

Textile major Raymond today said it targets 4-5% market share of country’s Rs 4,000 crore low-priced fabric market by the end of next fiscal and plans 'Makers' pan-Indian presence at 50,000 multi-brand outlets in two years.

Textile major Raymond today said it targets 4-5% market share of country’s Rs 4,000 crore low-priced fabric market by the end of next fiscal and plans 'Makers' pan-Indian presence at 50,000 multi-brand outlets in two years.

Known for premium fabric segment, Raymond last year rolled out ‘Makers’ its low price range of shirting and trousers fabric last year, oriented towards youth.

"We are targeting market share of 4 to 5% (of organised economic clothing segment)," Raymond Limited, Vice President, Emerging Businesses, Ram Bhatnagar said here today.

He said the market size of economy clothing is pegged at Rs 4,000 crore. The pre-matched ready-to-stitch Combo Packs will be available at prices starting Rs 499 while the poly viscose range is priced between Rs 250 and Rs 390 and shirting range starts from Rs 129.

"Because of growing urbanization, youth has become brand conscious and they now prefer branded garments over unbranded ones. That is why we decided to launch ‘Makers’,” he said.

Already rolled out economy clothing brand in eastern markets, it plans to have pan India presence by 2013-14 with maximum penetration in smaller cities. "We expect that our product will be available at 50,000 muti-branded outlets by 2013-14," he said.

"North India has been a stronghold for Raymond and we believe that will be the same for Makers as well," he said while launching this brand Punjab, Haryana and Himachal Pradesh here today.

He said products will be available at leading outlets in over 400 locations in the northern regions, he informed.

Raymond stock price

On August 22, 2014, Raymond closed at Rs 473.65, up Rs 19.80, or 4.36 percent. The 52-week high of the share was Rs 478.80 and the 52-week low was Rs 177.00.


The company's trailing 12-month (TTM) EPS was at Rs 16.19 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 29.26. The latest book value of the company is Rs 179.34 per share. At current value, the price-to-book value of the company is 2.64.

READ MORE ON  Raymond, Ram Bhatnagar
Set email alert for

ADS BY GOOGLE

video of the day

See earnings growth spike, big reforms in 2015: Envision

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.