Raymond has planned to add over 100 stores of its ethnic wear brand 'Ethnix by Raymond' in FY25. Raymond, which has introduced Ethnix format couple of years ago as a brand for occasions and celebrations, now has over 114 stores.
The company intends to fuel growth with 'Ethnix by Raymond' as it taps into the exponentially growing segment of ethnic wear in India. The company’s Ethnix comes under its branded apparel business, which had a sales of Rs 1,587 crore in FY24 This segment also includes brads as Raymond Ready to Wear, Park Avenue, ColorPlus, and Parx.
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.