Home / Knowledge / News / Apparel/Garments / Raymond: Resilient performance amidst challenging times
Raymond: Resilient performance amidst challenging times
19
Jan '12
Raymond Limited announced its unaudited financial results for the quarter ended December 31, 2011.

The Textile segment (standalone) sales for the quarter ended 31 December 2011 registered an increase of 16% to Rs 514 crore on the back of both higher realizations and volume growth. The segment reported Earnings before Interest and Tax (EBIT) of Rs 104

The Branded Apparel business witnessed a 7% increase in the quarterly sales to Rs 198 crore and reported an EBITDA of Rs 29 crore for the quarter. The branded apparel business has shown strong resilience in a challenging business environment.

Raymond's retail network has crossed 800 stores mark. The store count as on 31st Dec 2011 stood at 807, including 40 stores in Middle East and SAARC region covering over 1.6 million square feet of retail space.

The Indian operations of Denim business have witnessed a 11 % sales growth during the quarter to Rs 171 crore, while its El3ITDA stood at Rs 18 crore.

Announcing the results, Mr. Gautam Hari Singhania, Chairman & Managing Director, Raymond Limited said, "After a robust performance in the first half of the current financial year, the third quarter has been more challenging. Consumer sentiment has been impacted mainly due to high Inflation.

However, we have a strong portfolio of power brands which have shown resilience during these times. Moreover, limes like these help us become more efficient and competitive. We also believe that this is a short term phenomenon and the long term domestic consumption story in India is well intact. Accordingly we will continue to focus on our core strategies and strengths and will continue to roll out our retail expansion in smaller towns and cities as envisaged".

The Raymond Group was incorporated in 1925 and within a span of a few years, transformed from being an Indian textile major to a global conglomerate.

Raymond Limited


Must ReadView All

'Requirement of polyester filament yarn is increasing'

Textiles | On 19th Jun 2018

'Requirement of polyester filament yarn is increasing'

The requirement of polyester filament yarn (PFY) is increasing as it...

Courtesy: SAC

Textiles | On 19th Jun 2018

SAC to release pilot of Higg Facility Social Labour Module

The Sustainable Apparel Coalition (SAC) will release this year a...

Courtesy: Ebay

Apparel/Garments | On 19th Jun 2018

eBay partners with Noon for e-commerce sales in Middle East

Noon, the $1 billion e-commerce venture backed by Dubai businessman...

Interviews View All

Top executives
Textile industry

It will take some time for the people to change their buying choices

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Kalai Selvi

Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search