will have three listed entities in its fold after demerger of lifestyle and real estate verticals, is looking for a stabilised growth of 15 per cent from sales along with 15-20 per cent of pre-tax earnings, Chairman & Managing Director Gautam Hari Singhania said. Singhania expects Raymond Lifestyle to be listed this week, the entity which will house apparel-related businesses of the Raymond group, including its apparel brands, garmenting, suiting, shirting, and wedding fabric, along with its retail business — The Raymond Shop and Ethnix.
The nearly 100-year-old group has started the demerging process for its fast-growing real estate business. Once the process is complete, it will have three listed verticals — real estate, lifestyle and engineering — remaining with the main listed entity.
Singhania expects its real estate vertical to be listed by July or August next year and each of the three listed verticals will be governed by their independent board and chart their growth strategies.
«We would have three separate companies by the same time next year, with their own governance, their own management, own structures. That's the best way to move forward,» Singhnia told PTI.
When asked about the growth, he said: «Each business will have its own strategies, whereas as a group, we would like to do at least 15 per cent a year, organically and 15 to 20 per cent EBITDA (earnings before interest, taxes, depreciation, and amortization).»
Moreover, Raymond is now a debt-free organisation, and taking advantage it will also