Raymond is planning to double turnover of its FMCG business to Rs 1000 crore over the next three-four years. Currently, the combined FMCG revenue between the two companies is Rs 500 crore.
The company had formed its FMCG Group in 2016 and its products reach 25 lakh retailer, including 90,000 pharmacies and also exports to Southeast Asia, West Asia and Africa.
The Raymond group had recently acquired Ansell's stake in the sexual wellness and personal care brand KamaSutra, from joint venture entity JK Ansell and expects to get regulatory approvals shortly.
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.