Price as on December 24, 2024:-
India: NSE: INR2026 | BSE: INR2027.45
Data source: Google Finance
Incorporated in 1925, with its 99 year old expertise, Raymond is a textile powerhouse with modern infrastructure and strong fibre-to-fabric manufacturing capabilities. The company has now 1500 outlets scattered across 600 towns and a vast network of over 20000 points of sale in India, Raymond is the largest integrated textile company in the world and exports its suits to more than 60+ countries including the USA, Canada, Japan and the Middle East. Marketed under the brand ‘Raymond Fine Fabrics’, Raymond Lifestyle is one of the largest vertically and horizontally integrated manufacturers of worsted suiting fabric in the world and is a market leader in the domestic worsted suiting industry in India. Raymond’s advanced fabric manufacturing plants in India have an aggregate manufacturing capacity of ~43 million meters of suiting fabric extending across all wool, poly-wool, silk and other premium blends, under the brands Park Avenue, ColorPlus, Parx and Ethnix By Raymond.
Q2 of FY2024 company reported a 69.72% decline in consolidated net profit to INR42.18 crore for the Q2 ended September 2024 on account of subdued demand and higher inflationary pressures, it has reported a net profit of INR139.33 crore in Q2 of 2023. In the Q2 of FY2024, Raymond Lifestyle’s revenue from the Textile segment, which consists of the branded fabric business of the company, was down 8.48 per cent to INR853.52 crore, however the revenue from shirting fabric (B2B segment) was up 8.31% to INR228.35 crore.
Disclaimer: This is just an opinion and not the prediction, hence do not risk any financials based on this content, we do not take any guarantee or responsibility.
