In the next five years, textile major Raymond expects sales from the branded apparel division to grow four-fold from the current over Rs 1,000 crores and the fabrics business to double from around Rs 3,000 crores. This was revealed by Mohit Dhanjal, Director-Retail, Raymond who added the company is currently expanding its presence to new regions and launching new products using technology.

Dhanjal was speaking at the launch of its social initiative 'Look Good, Do Good' under which the company offers free stitching of trousers to those who bring old trousers. Currently, Raymond derives around 65 per cent of its business from fabrics and around 35 per cent from branded apparels. The growth would also come from new and renovated stores across the country.

Raymond, which unveiled around 70 stores in the last fiscal, plans to open around 100 stores in the current fiscal. This would include the ones in tier IV and V towns in India. The company operates around 715 Raymond stores in the country. Of these, around 660 are franchisees and its products also reach around 17,000 multi brand outlets in 380 towns and cities.