Home / Knowledge / News / Textiles / Branded Apparel sales at Raymond climbs 21% in 2018-19

Branded Apparel sales at Raymond climbs 21% in 2018-19

May '19
Pic: Raymond
Pic: Raymond
For financial year 2018-19, the Branded Apparel segment of Raymond has recorded sales of Rs 489 crore, up by 21 per cent against the previous year. The growth was driven by strong performance in MBO channel & well supported by EBO and LFS channels. LTL EBITDA margins rose to 7.0 per cent, mainly due to better sales channel mix and operational efficiencies.

The sales of Branded Textile segment was posted at Rs 832 crore, higher by 4 per cent over previous year, led by 3 per cent growth in the suiting business and 9 per cent growth in the shirting business. LTL EBITDA margins (excluding common cost allocation) were 16.7 per cent as compared to 19.5 per cent mainly due to higher advertisement and sales promotion spends and channel stock correction in shirting business.

As on March 31, 2019 the retail stores count stood at 1,444 across all formats covering about 2.4 million square feet of retail space. In-line with stated asset light network expansion strategy, Raymond opened 275 stores on franchisee model during the year.

Garmenting segment sales stood at Rs 212 crore, up by 5 per cent over previous year led by exports growth in US. LTL EBITDA margins lower at 4.3 per cent over 6.9 per cent in previous year mainly due to lower utilisation of Ethiopia plant capacity and initial cost of B2B Made-to-Measure services in US.

High Value Cotton Shirting segment sales were Rs 156 crore, growth by 7 per cent mainly on account of yarn sales from Amravati plant. LTL EBITDA margins improved to 13.8 per cent as compared to 9.1 per cent in the previous year mainly due to better product mix and increased efficiency on account of stabilisation of Amravati operations.

"We are delighted to report the continued strong profitable growth in FYl9 as the organisation is challenging itself to achieve larger goals that we have set through our vision of Raymond Reimagined. In the process of capturing the untapped potential in semi-urban and rural areas, we achieved yet another milestone by opening 280+ Raymond stores in FYl9. I am happy to state that our Amravati plant has stabilised with optimal utilisation and is contributing positively to the overall margins. Building capabilities and creating tech enabled platforms has been the key highlight as we continue with our growth momentum having tomorrow on our mind," Gautam Hari Singhania, chairman & managing director, Raymond Limited, said. (RR)

Fibre2Fashion News Desk – India

Must ReadView All

Vietnamese firms strive to raise exports to CPTPP nations

Textiles | On 22nd May 2019

Vietnamese firms strive to raise exports to CPTPP nations

Vietnamese textile and garment exports to Trans-Pacific Partnership...


Textiles | On 22nd May 2019

USDA predicts record world cotton mill use in 2019-20

A record-high global cotton mill use is forecast for 2019-20 season,...

Pic: Google

Information Technology | On 22nd May 2019

Google's new tool to check fashion's environmental impact

Google will be building a tool that uses data analytics and machine...

Interviews View All

Headhonchos, Indian textile value chain

Indian textile value chain

Adopt innovative techniques, go for automisation rather than being...

Shawn Honeycutt, Bolger & O'Hearn

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Luke Otten, Wigwam Mills Inc

Luke Otten
Wigwam Mills Inc

Wigwam aims to recycle discarded yarn that doesn’t make it through the...

Fan Liyuan,

Fan Liyuan

Chinese company Jiangsu Yingyang Nonwoven Machinery, established in 1993,...

Cem Erdogrul,

Cem Erdogrul

Turkey-based Temsan Air Engineering is one of the leading manufacturers of ...

Akshat Chaudhary,

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Daniel Kaye, RocketLife

Daniel Kaye

<div>RocketLife, an award-winning developer of breakthrough visual...

Mary-Cathryn Kolb, Brrr°

Mary-Cathryn Kolb

Atlanta-based private start-up Brrr° was founded in 2014 to develop...

Georg Reinhold, Trützschler  Nonwovens & Man-Made Fibers

Georg Reinhold
Trützschler Nonwovens & Man-Made Fibers

Trützschler Nonwovens & Man-Made Fibers, a part of the Trützschler Group,...

Anisha Chaudhari, Threads & Shirts

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

Sidharth Sinha, Sidharth Sinha

Sidharth Sinha
Sidharth Sinha

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

Aditi Somani, Aditi Somani

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

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

June 2019

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

news category

Related Categories:

Advanced Search