Categories AlphaGraphs, Earnings, Retail

Raymond Ltd Q2FY24; 1% fall in Profits

Raymond Limited incorporated in 1925 is a diversified group with interests in Textile & Apparel sectors as well as presence across diverse segments such as Real Estate, FMCG, Engineering in national and international markets 55+ Countries including the USA, Europe, Japan & Middle East. The Company has a retail network of 1,638 stores, including 1,589 stores in about 600 towns and cities in India and 49 overseas stores in nine countries. It is one of the largest vertically and horizontally integrated manufacturers of worsted suiting fabric in the world.

Financial Results:

Raymond Ltd reported Revenues for Q2FY24 of ₹2,253.00 Crores up from ₹2,168.00 Crore year on year, a rise of 3.92%.

Total Expenses for Q2FY24 of ₹2,093.00 Crores up from ₹1,954.00 Crores year on year, a rise of 7.11%.

Consolidated Net Profit of ₹161.00 Crores down 0.62% from ₹162.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹24.00, up 0.59% from ₹23.86 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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