Raymond Ltd.’s consolidated net sales for the quarter ended December 31, 2013, moved up by 15 per cent to Rs. 1,207 crores and 
consolidated PAT jumped up by 343 per cent to Rs. 57 crores.
The textile segment’s consolidated sales for the quarter witnessed an increase of eight per cent at Rs. 543 crores on the back of higher realization in the domestic and export segments. The apparel segment net sales stood at Rs. 250 crores, an increase of 15 per cent on y-o-y basis.
The retail stores count as at December 31, 2013, stood at 955 across all formats, including 41 stores in the Middle East and the SAARC region covering over 1.8 million square feet of retail space. During the quarter, like to like sales growth blended across all formats were flat. Secondary sales through the retail channel grew by five per cent.
The garmenting segment net sales grew by 45 per cent to Rs. 104 crores during the quarter. EBITDA rose by 54 per cent to Rs. 15 crores. The cotton shirting fabric business grew by seven per cent to Rs. 86 crores. However, EBITDA for the quarter was impacted due to higher input costs and lower exports.
The denim business witnessed eight per cent sales growth during the quarter and stood at Rs. 235 crores backed by higher realisation in the domestic as well as export segments. EBITDA was impacted due to higher input cost. Sales in the tools & hardware segment grew by 15 per cent to Rs. 110 crores, led by both domestic and export markets. EBITDA grew by 90 per cent to Rs. 11 crores.
Sales in the auto component segment grew by 13 per cent to Rs. 56 crores led by both domestic and export markets, and EBITDA improved by 65 per cent to Rs. 7 crores.
Announcing the results, Mr. Gautam Hari Singhania, Chairman & Managing Director, Raymond Ltd., said: “We have ended the third quarter on a positive note, despite subdued discretionary spend witnessed in the month of December 2013. Our focus on profitability through margin expansion across key business segments of the Group has led to a strong bottom line growth in the current quarter as well as for the period till date. Going forward, while factors like inflation and interest rates will continue to play a role in the consumer discretionary space, we are confident that our long-term sustainable initiatives in Brands, Retail, Supply Chain Management and Operational Efficiency will enable Raymond to surge ahead.”