Raymond Lifestyle's Profitable Surge Amid Domestic Demand Boom
Raymond Lifestyle reported a two-fold increase in profit for the September quarter, driven by strong domestic demand in its textile and apparel segments. Despite international challenges from US tariffs, the company achieved significant growth mainly through enhanced domestic sales and strategic investment in brand equity.
- Country:
- India
Raymond Lifestyle has posted a notable two-fold increase in consolidated net profit to Rs 75.19 crore for the September quarter, spurred by a surge in volume growth across its branded textile and apparel segments.
Despite facing international headwinds due to steep US tariffs on India, which affected its global competitiveness, Raymond's domestic market demonstrated remarkable resilience. Revenue from operations saw a 7.26% rise, outpacing last year's performance.
Executive Chairman Gautam Hari Singhania emphasized that the firm's focus on agile strategies alongside the UK-India Free Trade Agreement negotiations will underpin continued stakeholder value creation.
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