Home / Knowledge / News / Textiles / Raymond Q4FY'14 EBITDA soars 29% to Rs 142cr
Raymond Q4FY'14 EBITDA soars 29% to Rs 142cr
01
May '14
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.
 


Must ReadView All

Coats acquires yarn manufacturer Patrick Yarn Mill

Textiles | On 12th Dec 2017

Coats acquires yarn manufacturer Patrick Yarn Mill

Coats, the world’s leading industrial thread manufacturer, has...

India’s garment imports from Bangladesh up 56% post-GST

Apparel/Garments | On 12th Dec 2017

India’s garment imports from Bangladesh up 56% post-GST

India has imported $87.4 million worth of readymade garments from...

Courtesy: Badger Sportswear

Apparel/Garments | On 12th Dec 2017

Badger Sportswear acquires Alleson Athletic

Badger Sportswear, a leading manufacturer of athletic apparel and...

Interviews View All

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Headhonchos
Indian fashion industry

Organic the first choice of any environment-conscious person

Headhonchos
Indian fashion industry

Cotton consumption will keep growing in the Indian fashion industry

Erik Sy

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

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Mohammad Hassan
Biax Fiberfilm

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

Ashok Desai
Bombay Textile Research Association

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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

December 2017

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
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

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
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

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
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

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
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


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