Raymond Limited was gaining the spotlight on Wednesday. On December 11, 2024, Raymond share price opened at ₹1,805.50, up from its previous close of ₹1,799.95. At 10:56 AM, the share price of Raymond was trading at ₹1,862.55, up by 3.48% on the NSE. The market cap of the company was ₹12,399.69 crore.
The stock touched its 52-week low at ₹1,325.00 on November 4, 2024.
Earlier this year, in September, Raymond’s conglomerate, which includes real estate and engineering businesses, spun off its lifestyle segment to streamline its structure, attract more investors, and provide the newly independent entity with additional funding.
On September 5, Raymond Lifestyle Ltd’s shares were listed on the public markets following the demerger of its retail and leisure operations.
As a result of the separation, Raymond will now operate with two publicly traded companies.
In Q2 FY25, the company reported a significant increase in revenue, which grew by 115% year-on-year (YoY) to ₹1,101 crores, compared to ₹512 crores in Q2 FY24. Similarly, EBITDA saw a robust 75% YoY rise, reaching ₹172 crores in Q2 FY25, up from ₹98 crores in Q2 FY24.
For the first half of FY25 (H1 FY25), revenue grew by 104% YoY to ₹2,099 crores, compared to ₹1,029 crores in H1 FY24, while EBITDA increased by 78% YoY, from ₹187 crores in H1 FY24 to ₹334 crores in H1 FY25.
Founded in 1925, Raymond Limited is a diversified conglomerate with a strong presence in the Textile and Apparel sectors, as well as across industries such as Real Estate, FMCG, and Engineering. The company operates in over 55 countries, including the USA, Europe, Japan, and the Middle East. Raymond has a vast retail network of 1,638 stores, comprising 1,589 locations across ~600 towns and cities in India, along with 49 stores in nine countries internationally.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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