Home / Knowledge / News / Textiles / Raymond starts the year with stellar performance
Raymond starts the year with stellar performance
Aug '11
Raymond Limited announced its unaudited financial results for the quarter ended June 30, 2011.

The Textile segment sales for Q1FY12 registered an increase of 44% to Rs 344 crore on the back of higher volumes and improved realisations consequent to strong demand in the domestic market. In terms of Earnings Before Interest and Tax (EBIT), the Textile segment witnessed a 6-fold increase to Rs 30 crore as compared to Rs 5 crore in the corresponding previous year.

The Branded Apparel business also witnessed a 26% jump in sales to Rs 188 crare and EBITDA of Rs 28 crore for the quarter, EBITDA margins rose to 15% as against 10% in the corresponding previous quarter.

Raymond continues to operate one of the largest specialty retail networks in India in the textile and apparel space with 750 retail stores. This includes 40 stores in Middle East and SAARC. The company has over 1.5 million square feet of retail space. Like-to-like store sales growth for the quarter has been at 4%.

Announcing the results, Mr. Gautam Hari Singhania, Chairman & Managing Director, Raymond Limited said, "We've started the 2011-12 financial year on a v~ry positive note, especially in our core businesses of textiles and branded apparel. This trend is in continuation of our last financial year's turnaround and growth in performance. Though, there could be some bumps in the economy in the short term, the long term domestic consumption story is intact and we will continue our pioneering strategy of extending retail presence to smaller towns and cities in India"

With over 60% market share in India, Raymond Ltd. is one of the largest integrated manufacturer of worsted fabric in the world.

Raymond Limited

Must ReadView All

FDI in Vietnamese textile-garment projects on the rise

Apparel/Garments | On 24th Jun 2018

FDI in Vietnamese textile-garment projects on the rise

The European Union-Vietnam Free Trade Agreement and the Comprehensive ...

Courtesy: Alizilla

Apparel/Garments | On 24th Jun 2018

Alibaba Group sets up office in Kuala Lumpur

Strengthening its commitment to Malaysia, Alibaba Group has set up an ...

Bombay Dyeing plans to wind up Indonesian JV

Textiles | On 24th Jun 2018

Bombay Dyeing plans to wind up Indonesian JV

Bombay Dyeing & Manufacturing Co Ltd plans to wind up its loss making ...

Interviews View All

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Top executives
Textile industry

The foremost issue is bridging the skill gap

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Paolo Crespi

For.Tex is an Italy-based leading producer of dyes and thickeners, and is...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Kalai Selvi

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

Larry L Kinn
Suominen Corporation

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Mike Hoffman
Gildan Activewear SRL

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

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


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