Three listed companies on Indian exchanges carry the word Raymond in their names, and only one of them sells clothes. The ticker most people know — RAYMOND, BSE 500330 — belongs to an engineering business making aerospace and defence parts, auto components and engineering consumables.
The suits, shirts and fabric by the metre sit elsewhere, in a company called something different two years ago. Getting that name right is the most useful thing this page can hand a reader.
Raymond clothing and fabric belong to Raymond Lifestyle Limited, BSE 544240 and NSE RAYMONDLSL — the same legal entity that was Raymond Consumer Care Limited until 2024. The mark is owned inside the group; two exchange filings say so, and neither names a licensor. On 88 listings read across three channels on 6 September 2026, the median Raymond garment sold at about half its printed MRP, and the brand’s own store discounted as hard as the marketplaces.
Snapshot
- Mill founded
- Raymond Woollen Mill, Thane, 1925
- Owner today
- Raymond Lifestyle Limited, BSE 544240 / NSE RAYMONDLSL
- Not the owner
- Raymond Limited, BSE 500330 — a separate listed company, now in engineering
- Prices actually charged
- ₹736 to ₹4,834 across 88 listings; MRPs on the same garments run ₹1,599 to ₹8,954
- Retail network
- 1,653 stores at 31 March 2026, group-wide
- Checked on
- 6 September 2026
One name, three companies
Raymond Lifestyle Limited did not exist under that name three years ago. It was Raymond Consumer Care Limited, the group’s unlisted personal-care arm, and in April 2023 it sold that business — KamaSutra, KS, Premium and Park Avenue for the grooming category — to Godrej Consumer Products for ₹2,825 crore. The grooming half of Park Avenue went with it.
That emptied company then received something much larger: Raymond Limited’s Lifestyle Business Undertaking, the apparel and textile business, which the same April 2023 filing put at ₹3,678.61 crore of turnover, 86.34% of Raymond Limited, as at 31 March 2022.
- Raymond Consumer Care LimitedSells its FMCG business to Godrej, announced 27 April 2023
- The Lifestyle Business Undertaking moves acrossDemerged from Raymond Limited, effective 30 June 2024
- Raymond Lifestyle LimitedRenamed; shares listed 5 September 2024
Dates from the tribunal order of 21 June 2024 and the exchange circular of 3 September 2024.
So the company that sold KamaSutra is the company that now sells Raymond suits — a sequence, not a muddle. Park Avenue clothing sits beside Raymond inside it today.
| Listed company | Code | What it holds today |
|---|---|---|
| Raymond Lifestyle Limited | BSE 544240 / NSE RAYMONDLSL | Suiting and shirting fabric, Raymond Ready to Wear, Park Avenue, ColorPlus, Parx, Ethnix |
| Raymond Limited | BSE 500330 / NSE RAYMOND | Aerospace and defence, auto components, engineering consumables |
| Raymond Realty Limited | NSE RAYMONDREL | Real estate. It was itself named Raymond Lifestyle Limited from incorporation on 14 November 2019 until a fresh certificate dated 5 January 2024 |
From the Raymond Realty Information Memorandum, 24 June 2025, and the filings listed below.
Read that third row twice. One name, two companies, three years — and the company holding it now is not the one that had it first.
The mark is owned, not rented
Two filed documents settle it. Raymond Lifestyle Limited’s listing document, the Information Memorandum of 28 August 2024, lists the marks “our Company possess”: Raymond, Park Avenue, ColorPlus, Parx, Ethnix by Raymond and The Raymond Shop. The Raymond Realty Information Memorandum of 24 June 2025 is more precise still — the brand Raymond is “owned by Raymond Limited and Raymond Lifestyle Limited with respect to its respective businesses”.
Owned, then, and split by what each company does rather than licensed from anyone. No foreign proprietor, licensor, term or royalty appears in either document. The history is the company’s own: a woollen mill at Thane in 1925, bought by Lala Kailashpat Singhania in 1944.
Other English-sounding names on the same shop floor got there differently. Arrow is licensed, and its owner’s filings say so in terms. Louis Philippe was created by a British company and bought outright in 2000. Raymond needed neither transaction, because the name was always its own.
What the label actually declares
Indian product listings carry a block naming a manufacturer or importer with an address, a country of origin, a net quantity and an MRP inclusive of taxes. That block names who is legally answerable for the goods. It never says who sewed the garment.
On Tata CLiQ, two Raymond styles were opened on 6 September 2026 — a trouser and a shirt — and the block behind the product information panel was identical on both. It names 43 manufacturers with addresses, and five countries of origin in one line: India, Bangladesh, Hong Kong, China and Sri Lanka. Importer and packer both read NA. Raymond Lifestyle Limited is the seller of record on all 30 listings.
A declaration that admits forty-three factories across five countries tells you who answers for the garment, and nothing whatever about the garment.
Two of the 43 are worth naming. Silver Spark Apparel Limited, near Bangalore, is the group’s own garmenting subsidiary, set up in 2003. And RAYMOND LIMITED (MTM DEPT), Bangalore, is on the list; Raymond Limited is the entity whose apparel business transferred to Raymond Lifestyle Limited with effect from 30 June 2024. Two facts, side by side.
Myntra reads differently. Eighteen Raymond styles each named one manufacturer with a full address and one country of origin — 11 distinct manufacturers across the 18, three of them Raymond Lifestyle itself and one Silver Spark. Origin was India on 17 and Bangladesh on one, the ₹8,954 blazer, the dearest garment in the sample. The Dhaka firm named on it, Interlink Dresses, sits inside Tata CLiQ’s 43-name list too.
So most Raymond clothing is made in India, and not all of it is. The Tata CLiQ block carries the fabric. GSM, the fabric weight in grams per square metre, is published nowhere on this brand, on any channel.
The unstitched fabric is the one place a net quantity means something. Two trouser lengths on Myntra carried 1.2 m and 1.3 m in their size description, both 70% polyester and 30% viscose, at ₹1,249 against an MRP of ₹1,999 and ₹1,349 against ₹2,199. All four Raymond fabric listings declare Raymond Limited, Textile Division, Jekegram, Thane. The textile business transferred to Raymond Lifestyle Limited with effect from 30 June 2024, and Jekegram, Thane is Raymond Lifestyle Limited’s registered address.
What Raymond costs in India
The goods are overwhelmingly made in India by an Indian company, so import duty is not in the price at all. What is in the price is a discount that appears on almost every listing, every day.
| Channel | Listings | Median off MRP | Range | Within 30% of MRP |
|---|---|---|---|---|
| Tata CLiQ | 30 | 50.0% | 37% – 57% | 0 |
| Myntra | 18 | 53.0% | 46% – 63% | 0 |
| myraymond.com, the group’s own store | 40 | 51.0% | 20% – 57% | 1 |
All 88 listings read 6 September 2026, each discount taken against the MRP on that same listing.
The brand’s own store is neither the dearest place to buy nor the cheapest. It sits level with the marketplaces, one point below Myntra and one above Tata CLiQ. On this brand there is no channel to run to.
There is also no single MRP to quote. A Raymond formal shirt was marked ₹2,199 on Tata CLiQ, ₹1,899 to ₹2,099 on Myntra and ₹1,999 to ₹2,299 on the brand’s own store, all on one day. Any sentence beginning “the MRP is” would be wrong before it finished.
None of this is peculiar to Raymond. Every large menswear label checked that day sold below MRP nearly everywhere — and Westside, the same day, sold at MRP on every listing checked, ten of ten on Tata CLiQ and on every page read on its own site. A permanent discount is a pricing choice, not a rule of Indian retail.
Who Raymond is actually for
On what is charged rather than printed, the core line is narrower than the range suggests. Trousers landed between ₹813 and ₹1,674, shirts between ₹854 and ₹1,275, polo T-shirts between ₹736 and ₹900, with the ₹4,834 blazer the exception rather than the centre. That is office wear from a mill making cloth since 1925, at prices a mass-market label charges — and the fabric by the metre, the older business, is the one a tailor will recognise.
Reputation and what the company discloses
The advertising council’s file holds no finding against Raymond clothing. Entries carrying the Raymond name concern personal-care advertising by Raymond Consumer Care Limited, the business sold to Godrej in 2023, and are not findings about apparel. That council is a self-regulatory industry body rather than a statutory regulator, and an empty apparel file says more about the category than the brand: its complaints turn on measurable claims, which clothing advertisements rarely make.
Disclosure is the more interesting gap. The company reports four segments, not brands, so no revenue figure exists for Raymond as distinct from Park Avenue, ColorPlus or Parx. Its results announcement of 8 May 2026 gives revenue of ₹7,034 crore for the year to 31 March 2026, up 11% on ₹6,360 crore. The March quarter’s segments were branded textile ₹831 crore, branded apparel ₹469 crore, garmenting ₹342 crore and high-value cotton shirting ₹197 crore.
The store network is the number to watch: 1,653 at 31 March 2026 against 1,688 a year earlier, 35 fewer doors in a year when revenue rose 11%.
Common questions
Which listed company should I look at for Raymond clothing?
Raymond Lifestyle Limited, BSE 544240 or NSE RAYMONDLSL. Raymond Limited, BSE 500330, is the older listing and is now an engineering company. A share screen search for “Raymond” will show you both.
Is Raymond an Indian brand?
Yes, and the paperwork is unusually plain about it. Two exchange filings state that the Raymond mark is owned inside the group, and neither names a foreign proprietor or a licensor. The mill at Thane dates from 1925.
Who makes Raymond clothes?
A mix. Silver Spark Apparel and Raymond Lifestyle itself are named on some listings, and most names on the declarations are outside suppliers. The declaration names who is legally answerable, not who stitched the garment.
Are Raymond clothes made in India?
Mostly. Of 18 Myntra styles read on 6 September 2026, 17 declared India and one declared Bangladesh. The Tata CLiQ declaration is broader: it admits India, Bangladesh, Hong Kong, China and Sri Lanka on the same block, for every style.
Should I ever pay the MRP on a Raymond garment?
Nothing in this sample suggested you need to. Across 88 listings, not one marketplace listing sat within 30% of its MRP and the median sold at about half. Compare the same style on the brand’s own store first.
References
- Godrej Consumer Products, exchange intimation, 27 April 2023 — the ₹2,825 crore sale and the marks bought
- Raymond Limited, exchange intimation, 27 April 2023 — the composite scheme and the ₹3,678.61 crore lifestyle turnover figure
- NSE circular 1626/2024, 3 September 2024 — the 21 June 2024 order, effective 30 June 2024, listed 5 September 2024
- Raymond Lifestyle Limited, BSE filing, 30 January 2025 — “formerly known as Raymond Consumer Care Limited”, and the effective date
- Raymond Realty Limited, Information Memorandum, 24 June 2025 — brand ownership, the 2019 incorporation as Raymond Lifestyle Limited, the 5 January 2024 renaming
- Raymond Lifestyle Limited, Information Memorandum, 28 August 2024 — the list of marks the company holds
- Raymond Limited, annual report 2024-25 — the businesses Raymond Limited retains
- Raymond Lifestyle Limited, company milestones — the 1925 mill, the 1944 purchase, Silver Spark in 2003
- Raymond Lifestyle’s results announcement of 8 May 2026, as reproduced in the trade press — revenue, the segments, the store count
- Tata CLiQ, Raymond store — 30 listings with MRP and price, and the declaration block
- Myntra, Raymond — 18 styles with MRP, price, manufacturer and origin, plus the fabric listings
- myraymond.com, the group’s own store — 40 Raymond listings with MRP and selling price
Raymond is one of the very few English-sounding names on an Indian high street that has never needed a foreign licence, and the filings say so in sentences a shopper could read. A ₹900 trouser from a hundred-year-old Indian mill, fibre composition printed, is a fair deal.
What deserves scepticism is everything printed above that price. Across 88 listings, not one marketplace listing sat within 30% of its MRP, and the brand’s own store discounted just as hard — while Westside sold at MRP the same day. And a declaration listing 43 factories in five countries answers a legal question without telling a buyer one thing about the garment in their hand.
A genuinely Indian brand at a genuinely Indian price, wearing a price tag nobody pays — buy the trouser, ignore the number it is struck through from.
