Raymond is eyeing to be net debt-free company in the coming three years. In this regard, the company is focusing on liquidity management through cost reduction initiatives and working capital optimization. For the financial year ended March 31, 2022 Raymond's net debt has been reduced to Rs 1,088 crore. It was Rs 1,416 crore in FY21 and Rs 1,859 crore in FY20.
Raymond is one of India’s largest branded fabric and fashion retailers. It is one of the leading, integrated producers of suiting fabric in the world.
