Home / Knowledge / News / Textiles / Textile business of Raymond zooms in FY'12

Textile business of Raymond zooms in FY'12

26
Apr '12
Raymond Limited announced its audited financial results for the quarter and year ended March 31, 2012.

The figures of last quarter are the balancing figures between audited figures in respect of the full financial year and the published year to date figures up to the third quarter of the current financial year. Previous period figures have been regrouped/ recasted / reclassified, wherever necessary.

The Textile segment (standalone) sales for the quarter ended 31 March 2012 witnessed an increase of 24% at Rs 510 crore on the back of both higher realizations and volume growth. The segment reported Earnings Before Interest and Tax (EBIT) of Rs 81 crore.

The Branded Apparel business sales stood at Rs 165 crore, up by 12% and reported a loss at the EBITDA level of Rs 15 crore mainly due to extended end of season sales for liquidation of inventory during the quarter.

Raymond's retail network has crossed 850 stores mark. The store count as on 31st March 2012 stood at 853 across formats, including 39 stores in Middle East and SAARC region covering over 1.6 million square feet of retail space. During the quarter ended March'12 blended like to like sales growth was 15%.

The High Value shirting fabric business revived during the quarter. Though sales were down by 12% at 56 crore, EBITDA stood at Rs 8 crore, up 31 % for the quarter.

The Indian operations of Denim business have witnessed 13% sales growth during the quarter to Rs 187 crore, while its EBITDA stood at Rs 21 crore up by 92% compared to the previous year. Margins have witnessed improvement backed by correction in cotton prices.

Announcing the results, Mr. Gautam Hari Singhania, Chairman & Managing Director, Raymond Limited said, “The financial year was a combination of two extremes, with the first half witnessing buoyant consumer sentiment while the second half witnessed a dip in sentiment. However our pioneering strategies in branded fabric and apparel retailing has made it possible to withstand the downturn by providing access to our innovative products and dressing solutions to consumers across India's large and small towns.”

Raymond Limited


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 2nd Aug 2021

Vietnam surpasses Bangladesh as 2nd biggest garment exporter: WTO

Bangladesh recently lost its rank as the second largest apparel...

Pic: Shutterstock

Textiles | On 2nd Aug 2021

Euro zone economy expands by 2% in Q2 2021: Eurostat

The 19-member euro zone financial system expanded by 2 per cent in...

Pic: Shutterstock

Textiles | On 2nd Aug 2021

US real GDP increases at annual rate of 6.5% in Q2 2021: BEA

US real gross domestic product (GDP) increased at an annual rate of...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Always best to produce under own supervision

Water stewardship, Stakeholders

Water stewardship
Stakeholders

Water use efficiency remains relatively unexplored

Textile Industry, Head honchos

Textile Industry
Head honchos

Blockchain is not a silver bullet for each and every problem in supply...

Zayed Moyeen,

Zayed Moyeen

Far East Knitting and Dyeing Industries LTD (FEKDIL) was established in...

Chendhuran Sundar,

Chendhuran Sundar

It manufactures and retails menswear garments in India under the brand...

Sanjay Jhunjhunwalla,

Sanjay Jhunjhunwalla

In the financial hub of eastern India, Kolkata, a humble production...

Sanjay Raut, Garware Technical Fibres Ltd

Sanjay Raut
Garware Technical Fibres Ltd

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

Robert Brookins, Alexium International

Robert Brookins
Alexium International

Alexium International is a specialty chemical development company...

Sven Ghyselinck, Devan Chemical

Sven Ghyselinck
Devan Chemical

Headquartered in Belgium and with offices in the United Kingdom, Portugal...

Vidur Adlakha & Riccardo Bennidini, La Fuori

Vidur Adlakha & Riccardo Bennidini
La Fuori

With an active presence in US, Italy and India, clothing brand La Fuori...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Anjali Bhaskar has an experience of 12 years in the fashion industry. She...

Abhishek Bajaj & Samiksha Bajaj, Samshek

Abhishek Bajaj & Samiksha Bajaj
Samshek

Samshek is a fashion forward tech brand which combines digital experience...

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


July 2021

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


Advanced Search