Raymond Q4FY'14 EBITDA soars 29% to Rs 142cr

01 May '14

3 min read

Raymond Limited announced its unaudited financial results for the fourth quarter and year ended March 31, 2014.

Highlights:

-Consolidated EBITDA for the quarter up 29% to Rs.142 crore, Margin improvement of 114 bps to 11.4%

-Consolidated Net Sales & EBITDA up for the year by 12% and 24% respectively

-Consolidated PAT for the year stood at Rs.108 crore compared to Rs.29 crore in the previous year

Certain business segments in the published financial statements have been re-classified to provide better clarity on the business performance. The corresponding prior-period figures have also been re-classified to conform to the revised classification.

The Textile segment's sales for the quarter ended March 31, 2014 witnessed an increase of 4% at Rs.534 crore on the back of higher realization in domestic as well as in the export segment. EBITDA for the quarter stood at Rs.104 crore.

The Apparel segment's Net sales for the quarter stood at Rs.234 crore, an increase of 21 % on Y -0- Y basis. The segment achieved a marginal profit at EBITDA level for the quarter compared to a loss of Rs.19 crore in the previous period.

The Retail Stores count as at March 31, 2014 stood at 956 across all formats, including 43 stores in the Middle East and SAARC region covering over 1.8 million square feet of Retail space. During the quarter ended March 31, 2014, like to like sales growth blended across all formats grew by 12%. Total sales through the exclusive retail network grew by 16% Y-o-Y.

The Garmenting segment's net sales grew by 28% to Rs.114 crore during the quarter. EBITDA rose by 40% to Rs.19 crores.

The Cotton Shirting Fabric business grew by 32% to Rs.92 crore during the quarter led by strong performance in the domestic and export market. EBIT A for the quarter stood at Rs.9 crore compared to Loss of Rs.3 crore in the previous period.

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