Home / Knowledge / News / Textiles / Raymond Textile Division registers a good growth in Q1
Raymond Textile Division registers a good growth in Q1
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

Apparel/Garments | On 26th Oct 2016

SGS develops 4C chemical management model for apparel

SGS, a leading inspection, auditing, certification, testing, and...

Textiles | On 26th Oct 2016

Platinum Equity acquires International Textile Group

International Textile Group (ITG) has been acquired by Platinum...

Textiles | On 26th Oct 2016

Whitehouse & URI Business Centre start RI textile network

Senator Sheldon Whitehouse and the University of Rhode Island...

Interviews View All

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Studio Priyanka Rajiv

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

Anshul Sood

‘Indian footwear market is nascent and largely a trend follower’

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Kevin Nelson

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search