Categories Earnings, Retail

Raymond Q4FY23 results out, revenue soars by 10%

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.

  • Raymond reported Total revenue for Q4 FY23 of ₹2,150 Crore, up from ₹1,958 Crore year on year depicting a growth of 10%.
  • Total Expenses for Q4 FY23 of ₹1,813 Crore up, from ₹1,674 Crore year on year, a growth of 8%. 
  • Consolidated Net Profit of ₹196 Crore, down 26% from ₹265 Crore in the same quarter of the previous year. 
  • The Earnings per Share is ₹29.19, down 26% from ₹39.55 in the same quarter of the previous year.

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