Raymond - Pioneers Of Fabric - Stitching Up ‘The Complete Brand: Nirmal Bang

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Nirmal Bang Report

We recently hosted the management of Raymond Ltd., during our investor conference.

The meet was a review of the company’s pivot post-Covid, deleveraging its stretched balance sheet with the sale of its FMCG business (Raymond Consumer Care Ltd.) for Rs 28.25 billion, which enabled it to focus on its ‘three growth vector’ strategy – demerge the Lifestyle business from the conglomerate to unlock shareholder value, establish the Real Estate business and its Engineering business’ foray into sunrise sectors like aerospace, defence and auto components with its recent acquisition of 59.25% stake in Maini Precision Products Ltd. for Rs 6.82 billion.

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Nirmal Bang Raymond Update.pdf

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