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

President Donald Trump; Courtesy: White House

Textiles | On 23rd Jan 2017

US textile industry eager to work with President Trump

The US textile industry is eager to work with President Donald Trump...

Textiles | On 23rd Jan 2017

China’s cotton imports down 39% in 2016

China’s total cotton imports declined by 39.1 per cent to ...tons in...

Courtesy: ZDHC

Textiles | On 23rd Jan 2017

Oeko-Tex joins ZDHC programme for sustainability

Oeko-Tex, an independent textile testing institute working for the...

Interviews View All

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Angelina Francesca Cheang
MY ANJE

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

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Silke Brand-Kirsch
Schlegel und Partner

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

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Sonam & Paras Modi
SVA

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search