Home / Knowledge / News / Textiles / Raymond Textile Division registers a good growth in Q1
Raymond Textile Division registers a good growth in Q1
01
Aug '08
Raymond Limited announced its un-audited financial results for the quarter ended June 30, 2008.

Net Sales for the first quarter ended June 30, 2008 was at Rs 235.7 crores compared to Rs 209.1 crores in the same quarter of the previous year.

The company incurred losses amounting to Rs 24.2 crores on account of mark-to-market of foreign exchange borrowings, as opposed to a mark-to-market gain of Rs 7.6 crores in the same quarter of the previous year.

Consequently, the Company's Loss for the quarter ended June 30, 2008 was Rs 41.6 crores compared to a profit after tax of Rs. 5.4 crores in the same quarter previous year.

The textile division sales registered an increase of 8% to Rs 178.4 crores driven by good market demand. The net sales of Files & Tools division was up by 32% to Rs.52.5 crores backed by excellent growth rates, especially in international markets.

The apparel businesses continued its blistering pace of growth and logged sales growth rates close to 30% for the quarter over same period previous year.

Announcing the results, Mr. Gautam Hari Singhania, Chairman & Managing Director, Raymond Limited said, “We are on target in our core textile business. The market response is also very encouraging.

Our Vapi Phase 3 expansion is on schedule and should commence production during Q4 of this year. The branded apparel business has continued its spectacular growth rates quarter on quarter”.

Click here to view more:

Raymond Limited

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Mohammad Hassan
Biax Fiberfilm

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Silvia Venturini Fendi
Fendi s.r.l

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search