Home / Knowledge / News / Textiles / Q1 2018 revenue at Raymond soars 14%
Q1 2018 revenue at Raymond soars 14%
Jul '17
The consolidated revenue of Raymond Limited for the first quarter of 2018 has increased 14 per cent y-o-y to Rs 1240 crore. The sales of textile segment stood at Rs 572 crore, branded apparel at Rs 270 crore, garment at Rs 144 crore and luxury cotton shirting fabric at Rs 131 crore. In June this year, the company also commenced a garment plant in Ethiopia.

The company's EBITDA for the quarter was up 30 per cent y-o-y to Rs 81 crore. EBITDA of branded textiles was Rs 57 crore, up by 6 per cent over the previous year. There was improvement in the EBITDA margin of Raymond's branded apparel by around 110 basis points versus previous year mainly due to operating leverage. EBITDA of garment lowered by 32 per cent while there was an increase of 17 per cent in the luxury cotton shirting fabric segment.

"In line with the expectations, we have started the financial year on a positive note by posting strong growth in the first quarter. The commissioning of our garment facility in Ethiopia is an impetus to become price competitive for export markets enabling us to grow exponentially. The launch of our Khadi label reinstates our commitment to Make in India initiative and is in line with our endeavour to position khadi as a fashion fabric globally," Gautam Singhania, chairman and managing director, Raymond said.

"With GST now being implemented, it will pave way for a unified and simplified tax regime across the country and will also lead to a wide scale inclusion of a largely unorganised textile and apparel sector into the formal economy. With macroeconomic indicators looking positive coupled with upbeat sentiments on the increasing demand and consumption, we at Raymond are confident to continue with growth momentum thus enhancing value for all our stakeholders," added Singhania. (RR)

Fibre2Fashion News Desk – India

Must ReadView All

Top 15 US fashion brands are collectively worth $70 bn

Fashion | On 22nd Jul 2018

Top 15 US fashion brands are collectively worth $70 bn

The top 15 American fashion brands are collectively worth close to...

Courtesy: Covestro

Textiles | On 22nd Jul 2018

Covestro's new products for waterproof textile coating

Covestro, which is among the largest polymer companies, has unveiled...

Evogene, IMAmt to work together in insect resistance

Textiles | On 22nd Jul 2018

Evogene, IMAmt to work together in insect resistance

Evogene, a leading biotechnology company developing novel products...

Interviews View All

Abhishek Samdaria

GST will certainly reduce a lot of paperwork in future

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Rajat Jaipuria

Activewear brand Soul Space promotes organic cotton farming and...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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


Leave your Comments

July 2018

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

news category

Related Categories:

Advanced Search