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

Textiles | On 7th Dec 2016

New Texprocil chairman bats for increased UPI adoption

Ujwal Lahoti, the new Cotton Textile Export Promotion Council...

RBI Governor Urjit Patel addressing a press conference. Courtesy: Youtube

Textiles | On 7th Dec 2016

Defying expectations, RBI keeps repo rate unchanged

Defying market expectations, the Monetary Policy Committee (MPC) of...

The new OJ 59/1 B. Courtesy: Karl Mayer

Textiles | On 7th Dec 2016

Karl Mayer unveils new LACE.EXPRESS model for apparel

Germany’s leading textile machinery firm, Karl Mayer, has launched a...

Interviews View All

Victor Chao

‘In future, clothing boundary lines will become increasingly blurred.’

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Veronique Lee

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Rupa Sood and Sharan Apparao

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Silvia Venturini Fendi
Fendi s.r.l

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

Karan Arora
Karan Arora

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

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

December 2016

December 2016

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


Browse Our Archives


Advanced Search