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

Last-minute changes in USMCA keeps lid on e-com

Textiles | On 18th Oct 2018

Last-minute changes in USMCA keeps lid on e-com

Eleventh hour changes to a new trade deal torpedoed US hopes of...

Courtesy: Haggar

Apparel/Garments | On 18th Oct 2018

Haggar uses Repreve fibre made of recycled water bottles

Haggar, a US based apparel brand established in 1926, has recycled...

Courtesy: Pexels

Apparel/Garments | On 18th Oct 2018

Myanmar’s CMP garment export earnings $2.2 bn in Apr-Sept

In the six-month April -September mini budget this year, earnings...

Interviews View All

Ghanshyam Ghoghari, Kimora Fashion

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Top executives, Fabric manufacturers

Top executives
Fabric manufacturers

Domestic manufacturers would get an edge over imported products

Smarth Bansal, Colorjet India Limited

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Rajat Jaipuria,

Rajat Jaipuria

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

Pratik Agarwal,

Pratik Agarwal

Breya is a brand of Indo-Western clothes for women owned by ABP Apparels...

Kalai Selvi,

Kalai Selvi

Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....

Robin Grankvist, OrganoClick AB

Robin Grankvist
OrganoClick AB

Robin Grankvist talks about PFCs, additives and various chemicals used in...

Chunyi Zhi, City University of Hong Kong

Chunyi Zhi
City University of Hong Kong

<div><b>Chunyi Zhi</b>, associate professor in the Department of Materials ...

Prof Seokheun (Sean) Choi, Binghamton University, State University of New York (SUNY)

Prof Seokheun (Sean) Choi
Binghamton University, State University of New York (SUNY)

A team of researchers from the State University of New York (SUNY),...

Yash P. Kotak, Bombay Hemp Company

Yash P. Kotak
Bombay Hemp Company

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

Prathyusha Garimella, Prathyusha Garimella

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Rupa Sood and Sharan Apparao, Nayaab

Rupa Sood and Sharan Apparao

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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

October 2018

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

news category

Related Categories:

Advanced Search