Home / Knowledge / News / Apparel/Garments / Raymond's net sales up 5% in FY16 to Rs 5,595 cr
Raymond's net sales up 5% in FY16 to Rs 5,595 cr
29
Apr '16
Renowned Indian textile, apparel and fashion brand, Raymond reported a rise of 5 per cent in its net sales to Rs 5,595 crore in fiscal 2016, ending March 31, as compared to Rs 5,333 crore in fiscal 2015 because of an increase in sales in all its textile and apparel segments, except for denim.

Raymond's branded textiles segment reported a rise of 5 per cent in net sales to Rs 2,665 crore in FY16 as compared to Rs 2,545 crore in FY15. Branded apparel segment reported a rise of 18 per cent to Rs 1,194 crore as compared to Rs 1,011 crore previously. Garmenting sector reported a rise of 11 per cent in FY16 to Rs 594 crore as compared to Rs 533 crore previously. High value cotton shirting segment grew by 19 per cent to Rs 467 crore this year as compared to Rs 393 crore previously.

Suiting fabric sales grew by 3 per cent (5 per cent by volume) in the branded textiles sector. Shirting fabric sales grew across the B2C channel, along with 39 per cent volume growth. All the brands showed an increase in net sales in the branded apparel category.

The garmenting segment and the high value cotton shirting segment showed an increase in net sales because of higher volumes, according to a statement filed by Raymond with the BSE

However, sales reduced in the denim segment by 5 per cent, because of a fall in volume (by 6 per cent) due to lower exports.

Net sales also decreased in the non-textile and non-apparel segments of Raymond. (MCJ)

Fibre2Fashion News Desk - India


Must ReadView All

UNIDO, eWTP discuss strengthening ties to back e-commmerce

Textiles | On 25th Apr 2018

UNIDO, eWTP discuss strengthening ties to back e-commmerce

United Nations Industrial Development Organisation director general...

Courtesy: HueTrap

Apparel/Garments | On 25th Apr 2018

Making sustainability affordable is a big challenge

In a lot of instances, being sustainable comes with an additional...

Courtesy: Formosa Petrochemical Corporation

Textiles | On 25th Apr 2018

Formosa to set up petrochemical plant in Louisiana

Formosa Petrochemical Corporation has selected St. James Parish in...

Interviews View All

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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


April 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search