Home / Knowledge / News / Textiles / Raymond to push for 7-8% growth of suitings business
Raymond to push for 7-8% growth of suitings business
30
Mar '16
Raymond Textiles, a part of fabric manufacturer and apparel maker Raymond Ltd, is targeting a 7-8 per cent growth next fiscal in its suitings business, a top official of the company told reporters in Kolkata.

Raymond is a major player in the suitings business. Suitings are fabrics used for making blazers, coats, jackets, suits and trousers. The other segments under textiles division include fabrics for making shirts, made-to-measure garments and exports.

The growth of the JK Singhania Group company is expected to come organically, including new product ranges. Over the last one year, the company explored new offerings focussing on functionality.

“We are expecting a 7-8 per cent growth in FY-17 coming mostly from the suitings business. This year, we hope to close at a turnover of around Rs 2,300 crore,” Ram Bhatnagar, Vice President, Head Sales & Distribution – Textile, Raymond Ltd, said on the sidelines of the launch of its 'technosmart' brand of fabrics.

Raymond claims the fabric is targeted at corporate travellers with focus on 'functionality' which means the fabric will see less creases,  UV-protection and so on. Technosmart is expected to bring in Rs 100 crore over the next one year.

Over the last one year, Raymond has launched at least four new sub-brands such as Ibex, Qivuut, Beaver, Cool Wool.

Raymond occupies nearly 60 per cent market share in the Rs 18,000-crore suitings segment, and a 90 per cent share in the mid-to-premium ranges (for fabrics priced upwards of Rs 600 per meter), Bhatnagar said. (SH)

Fibre2Fashion News Desk – India


Must ReadView All

Textiles | On 26th Jul 2017

Textile Corp of America to create 1000 jobs in Tennessee

Textile Corporation of America Inc, a leading textile manufacturer,...

Courtesy: IVL

Textiles | On 26th Jul 2017

IVL completes PTA capacity expansion in Europe

Indorama Ventures Public Company Ltd (IVL), a global chemical...

Textiles | On 26th Jul 2017

Vietnam’s textile & garment exports cross $13bn in H1

Vietnam earned $13.... billion from textile and garment exports in...

Interviews View All

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X