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Raymond apparel biz continues on high growth trajectory
Jan '08
Raymond Limited announced its un-audited financial results for the quarter ended December 31, 2007.

Total Revenue for the third quarter ended December 31, 2007 was up by 9% at Rs 352.8 crores as against Rs 324.06 in the same quarter of the previous year.

Net Sales for the third quarter was also up by 12% at Rs 332.1 crores as compared to Rs 297.3 crores in the same quarter of the previous year.

The Net profit after tax (PAT) for the quarter ended December 31, 2007 was at Rs 9.4 crores.

The textile division has registered an increase in net sales by 13% to Rs 285.18 crores. The net sales of files & tools division was down by 1% to Rs 42.6 crores.

The branded apparel subsidiaries of the company continued their strong sales growth during the quarter which saw the launch of “Raymond Finely Crafted Garments”, an exclusive formal range of classic apparels and accessories.

Further, the company continues to aggressively expand its retail network across India and the Middle East.

Announcing the results, Mr. Gautam Hari Singhania, Chairman & Managing Director, Raymond Limited said, “Our apparel businesses continue on a high growth trajectory.

Also the market for our branded fabric remains buoyant. We have embarked on an aggressive expansion plan for increasing our retail penetration as well as investing in the next phase of growth at our Vapi facility for fabrics.

This, coupled with our product innovation skills will form the bulwark of our future growth strategies.”

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