Raymond, the Singhania group's flagship company, has forayed into real estate development.
The size of the accessories market ranges from Rs 1,500 crore to Rs 3,000 crore and has been growing at 15 to 18 per cent, according to Anand Ramanathan, manager, business performance services, KPMG. Within this, he said, the branded accessories segment is growing 25 per cent, against a growth rate of 35 to 36 per cent for apparel. Margins, however, are 10 to 15 per cent higher on accessories than apparel.
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