1. At a Glance
A century-old suit-maker now moonlighting as a real estate developer. After the lifestyle business demerger, Raymond is reinventing itself. Stock at ₹703 trades at a P/E of 192 – investors are clearly paying for a fashion show in slow motion.
2. Introduction with Hook
Imagine James Bond selling apartments instead of tuxedos – that’s Raymond 2.0. The company demerged its apparel biz, pivoted into real estate and engineering, and booked a one-time profit the size of a skyscraper (₹7,636 Cr FY25). Too good to be real? Let’s suit up.
3. Business Model (WTF Do They Even Do?)
- Pre-Demerger: Fabrics, apparel, FMCG, engineering.
- Post-Demerger: Real estate, engineering, residual businesses.
- Revenue Drivers: Project JDA tie-ups, realty cash inflows, residual textile earnings.
In short, they sell dreams in brick and fabric.
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