Raymond Q2 net profit trebles to ₹159 crore
The Hindu
Integrated suiting manufacturer Raymond registered a 38% year-on-year growth in revenue to ₹2,191 crore for the second quarter.
Net profit trebled to ₹159 crore. Net debt reduced to ₹1,286 crore from ₹1,310 crore as of June 30. Gautam Hari Singhania, Chairman and Managing Director of Raymond, said in the release that as the China +1 strategy was working well for the company, it had acquired marquee customers for its garment business.
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