Raymond , a prominent player in the Indian textile and apparel industry, saw its shares tumble 4.2% to ₹1200.55 on the Bombay Stock Exchange (BSE) following news of an Income Tax Department survey at some of the company's facilities.

Income Tax Survey Details

The company disclosed that officials from the Income Tax Department conducted a survey at several of its offices and manufacturing units in India under Section 133A of the Income Tax Act, 1961. Raymond stated that the proceedings are ongoing and assured that it is providing full cooperation to the officials.

Market Reaction

The announcement triggered a sell-off among investors, likely due to uncertainty surrounding potential financial or compliance implications. As of 2:40 pm, Raymond shares were trading 3.65% lower at ₹1207.60.

Recent Stock Performance

Raymond's stock has faced significant challenges in recent times:

Company's Official Statement

In an intimation to the stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Raymond Limited's Company Secretary, Rakesh Darji, confirmed:

"Yesterday certain officials of the Income Tax Department visited some of the Company's offices in India for conducting a survey action under Section 133A of the Income Tax Act, 1961. The proceedings are underway and the Company is extending its full co-operation to the officials."

The company has also made this information available on its official website at https://www.raymond.in/ .

As the survey is ongoing, investors and market watchers will likely keep a close eye on further developments and any potential impact on Raymond's financial position or compliance status.

Raymond , a century-old Indian conglomerate, is making headlines not just for its business acumen but also for its chairman's unconventional economic insights. Gautam Singhania, Chairman and Managing Director of Raymond Group, recently shared his distinctive method for gauging economic health—counting wedding invitations.

Wedding Invitations: A Novel Economic Indicator

Singhania believes that the number of wedding invitations he receives serves as a good indication of economic activity. This unique perspective offers an interesting grassroots approach to understanding consumer sentiment and spending patterns in the Indian market.

Raymond Group: A Century of Diversification

As Raymond Group celebrates its 100th anniversary, Singhania expressed pride in the company's evolution. The group has successfully diversified into three distinct business segments:

1. Lifestyle
2. Real Estate
3. Engineering and Auto

This diversification strategy has positioned Raymond as a versatile player in the Indian market, adapting to changing consumer needs and economic trends.

A National Asset

Singhania's vision for Raymond extends beyond shareholder value. He views the company as a national asset, emphasizing its importance to the Indian economy. With this perspective, he confidently stated that Raymond is poised to exist for centuries to come.

Government Policy and Market Outlook

The Raymond Group chairman praised the government's recent GST rate cuts, describing them as a timely move to boost consumption. This positive sentiment is reflected in the company's outlook, with Singhania noting very optimistic demand forecasts for the upcoming two quarters.

Adapting to Changing Fashion Trends

Raymond's product range demonstrates the company's ability to cater to diverse market segments. With offerings spanning from Rs 300.00 per meter to Rs 10.00 lakh, the company is well-positioned to adapt to evolving apparel industry trends driven by new generations of consumers.

Upcoming Investor Conference

In a recent corporate filing, Raymond Limited announced its participation in the "Bharat Connect Conference: Rising Stars Sept - 2025" hosted by Arihant Capital. The virtual conference, scheduled for September 23, 2025, will feature one-to-one and group meetings with investors. This engagement underscores Raymond's commitment to transparent communication with its stakeholders and the investment community.

As Raymond Group continues to navigate the dynamic Indian market, Singhania's unique economic indicators and the company's diversified approach suggest a blend of traditional values and modern business strategies. With its century-long legacy and forward-looking vision, Raymond appears well-equipped to face the challenges and opportunities of the evolving economic landscape.