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Raymond posted an 18% increase in profit at Rs.229.21 crore
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    Raymond's Net Profit Jumps 18% in Q4
    Raymond’s Profit Jumps 18% To Rs.229 Cr

    (20 second reading) Fabric and fashion retailer Raymond posted an 18% increase in net profit at Rs.229.21 crore, up 18% from the Rs.194 crore posted in the same quarter last year. The revenue from operations for the quarter came in at Rs.2,608.50 crore, up 21% from the Rs.2,150 crore posted in last year.
    The company achieved its highest-ever quarterly EBITDA at Rs.516 crore & an EBITDA margin of 19.2% in the March quarter. Its focused business approach across its operations led to strong growth in the ‘Branded Apparel’, ‘Garmenting’, and ‘Real Estate’ segments, resulting in an impressive double-digit revenue growth of 11% in FY24 as compared to the previous year.
    In the Q4, ‘Branded Textile’ segment sales were at Rs.920 crore, while the Branded Apparel segment reported topline growth of 23% with sales at Rs.409 crore.

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