Home / Knowledge / News / Textiles / Net sales of Raymond's Textile Division go up
Net sales of Raymond's Textile Division go up
30
Apr '08
Raymond Limited announced its audited financial results for the year ended March 31, 2008.

For the fourth quarter ended March 31, 2008, total income is higher by 25% at Rs 445.01 crores as compared to Rs 357.09 crores in the previous year.

The profit before tax and exceptional items for the quarter was higher by 6% at Rs 30.52 crores, as against Rs 28.84 crores in the corresponding quarter of the previous year.

The net profit after tax for the fourth quarter ended March 31, 2008 is higher by 98% at Rs 21.17 crores, against Rs 10.68 crores in the previous year.

During the quarter ended March 31, 2008, the net sales of Textile Division registered a growth of 27% to Rs 379.04 crore as against Rs 298.16 crore in the previous year.

The Files & Tools Division reported an overall growth of 18% in net sales during Q4 2008, over the previous year from Rs 45.11 crore to Rs 53.17 crore.

The branded apparel subsidiaries of the company continued their strong sales growth during the quarter and have grown by 39% over the previous year.

Further, the company continues to expand its retail network across India. For the year ended March 31, 2008, total income is higher by 4% at Rs 1408.75 crores as compared to Rs 1354.21 crores in the previous year.

The company posted a profit before tax and exceptional items of Rs 86.15 crores for FY 07-08 as compared to Rs 157.86 crores in FY06-07.

The results of the company for the year ended March 31, 2007 includes the results of the erstwhile denim division for four months of the year and therefore the current full year's results are not strictly comparable to the previous year.


Must ReadView All

Alliance to form joint entity for safety in factories

Textiles | On 24th Apr 2018

Alliance to form joint entity for safety in factories

On the 5th anniversary of the Rana Plaza Collapse, The Alliance for...

China’s Alibaba partners with Thailand for digital trade

Textiles | On 24th Apr 2018

China’s Alibaba partners with Thailand for digital trade

China’s Alibaba Group recently signed an agreement with the Thai...

ACFTA to benefit Egyptian RMG exports: trade body official

Apparel/Garments | On 24th Apr 2018

ACFTA to benefit Egyptian RMG exports: trade body official

Egypt’s readymade garment (RMG) sector’s exports to African countries ...

Interviews View All

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Sugandha Bhardwaj

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

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Marten Alkhagen
Swerea IVF AB

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

Pranav Mishra
Huemn

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

Akta Adani
India Boulevard

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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

Leave your Comments


April 2018

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
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

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
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

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
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

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
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


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