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

01 May '14

3 min read

The Denim business witnessed 27% Sales growth during the quarter and stood at Rs. 252 crore led by higher realizations in the export market. EBITDA was impacted due to higher input cost.

Sales in the Tools & Hardware segment Grew by 5o/Q, to Rs.112 crore. However, EBITDA for the quarter declined to Rs.10 crore.

Sales in the Auto Component segment grew by 21% to Rs.70 crore. However, EBITDA for the quarter declined by 11% to Rs.6 crore.

Announcing the results, Mr. Gautam Hari Singhania, Chairman & Managing Director, Raymond Limited said: "We closed the financial year 2013 -14 on a positive note with a significant turnaround in performance at the PAT level. We are hopeful ofimprovement in the domestic sentiments in the coming quarters. We will continue to focus on our core areas of Brand building, Retail network expansion, Innovation and Enhancing customer experience. We are fairly optimistic about the coming financial year and will invest for growth".

Raymond offers end-to-end solutions for fabrics and garmenting. It has some of the leading brands in its portfolio including Raymond, Park Avenue, Raymond Premium Apparel, Parx, Color Plus, Makers amongst others. Raymond has one of the largest exclusive retail networks in the textile and fashion space in India.

As a part of the diversified Group, we also have business interests in men's accessories, personal grooming & toiletries, prophylactics, energy drinks, files & tools and auto components.

Raymond Limited

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