Raymond faced a consolidated net loss at Rs 16.61 crores for the first quarter ended June 30, 2016. Total consolidated income from operations during the quarter under review was up 4.81 per cent. The company had posted a consolidated net loss of Rs 14.47 crores during the April-June period of the previous financial year.
In the current quarter Raymond witnessed subdued consumer demand with early onset of end of season sales in addition to a volatile global economic environment. Notwithstanding these challenges it was able to register growth in topline and EBITDA at the consolidated level, which speaks well of the resilience of its brands and distribution network.
Raymond makes a variety of fabrics -- from wool to wool-blended worsted suiting to specialty ring denims as well as high value shirting. The group is vertically and horizontally integrated to provide customers total textile solutions. It has a diverse product range of nearly 20,000 varieties of worsted suiting to cater to customers across age groups, occasions and styles.
The Raymond product range includes pure wools, wool blended with exotic fibers like camel hair, cashmere, angora and innovative blends of wool with polyester, linen and silk, suiting and trouser fabric.
Friday, 22 July 2016 12:19
