Raymond Lifestyle bets on 50-60% UK growth as India-UK FTA kicks in
Raymond Lifestyle is committing ₹250 crore from internal accruals to add seven garmenting lines in Andhra Pradesh from October, targeting 50-60% UK revenue growth over 24-36 months. India-UK FTA effective July 15 underpins the bet; export order book is full through September despite a 25% stock slide over the past year.
Raymond Lifestyle expects UK business to grow 50-60% over 24-36 months as India-UK FTA takes effect July 15. Investing ₹250 crore via internal accruals to expand Andhra Pradesh garmenting capacity by seven lines from October; export orders booked through September.