Raymond Ltd. has clocked turnover of Rs. 2,673 crores during the first half of the current financial year, which is a nine per cent growth over the same period last year. Textile segment sales for the second quarter ended September 30, 2016 grew by 12 per cent to Rs. 779 crores. Suiting fabric grew by 10 per cent and B2C shirting fabric grew by 23 per cent during the same period. Apparel segment sales for the quarter increased by 18 per cent to Rs. 383 crores on the back of sustained investments in brands.
Garmenting segment sales increased by 18 per cent to Rs. 186 crores during the second quarter. Luxury cotton shirting fabric business grew by 14 per cent to Rs. 148 crores during the same period.
Mr. Gautam Hari Singhania, Chairman and Managing Director, Raymond Ltd., said: “The current quarter closed with an improved consumer sentiment. We registered a good top line and bottom line growth. We remain confident about the long term demand and strategic direction of our business. We will continue to focus on our core areas of brand building, enhancing customer experience, retain network expansion and operational efficiency”.
