Feedback
A pioneer B2B media and publication platform connecting with Fashion Brands & Retail in India

Raymond sales subdued in Q1, production at Amravati unit to boost margins

Raymond’s sales growth was subdued during the first quarter due to a high base effect. However, margins improved because of lower advertisement spends cost control initiatives and a noticeable turnaround in the branded apparel segment. Due to a steep rise in raw material (cotton and wool) prices, margins in this segment may remain under pressure. As demand revives during the wedding and festive season, increase in sale volumes and higher realisations could possibly offset this disadvantage.

Raymond is one of India’s leading branded fabric and apparel manufacturers. The company’s six segments include branded formal wear fabrics, branded high-value shirting fabrics, branded casual cum semi-formal apparel, garmenting, tools cum hardware components, auto components and fast moving consumer goods.

Economies of scale by virtue of improved machine utilisation rates at Raymond's linen fabric factory at Amravati should lead to operating leverage, consequently resulting in margin accretion. In mid fiscal ’18, Raymond commenced manufacturing of formal wear garments like jackets, trousers, shirts for men at its Ethiopian facility, which has a capacity of 2.6 million pieces per annum. The rationale behind the move was to enter the European and US markets at zero rate of duty besides taking advantage of low costs and subsidies in the African nation.

 

LATEST TOP NEWS
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10

Quality products, retail expansion helps Mufti balance fashion and comfort

Quality products, retail expansion helps Mufti balance fashion and comfort

Among the popular casualwear brands in India, Mufti thrives on the basic principle of novelty in menswear fashion. The brand, catering to Indian men strikes the right balance between fashion... Read more

Neva to reclaim its position through new collections, retail expansion

Neva to reclaim its position through new collections, retail expansion

“Our new Spring/Summer Collection 2018-19 is not only high on style but also a treat for quality conscious customer,” says Anuj Jain, AVP-Advertising, Neva. “The collection provides clothes for all... Read more

Kids brand Kittens plans to go global

Kids brand Kittens plans to go global

“The sky is the limit for us,” says Rachna Shah, Partner, JS Clothing Company, owner of the kids wear brand Kittens. The brand, after 25 years of fruitful journey in... Read more

Woodland foresees positive growth ahead, plans to continue retail expansion

Woodland foresees positive growth ahead, plans to continue retail expansion

As the weather warms up, Woodland is ready with its Spring/Summer 2019 collections that will hit stores soon. “The fabrics that will rule this season include: suede, canvas, blends, etc.... Read more

Transforming Retail Awards: Showcases the potential of Indian retail industry

Transforming Retail Awards: Showcases the potential of Indian retail industry

“There are many who are yet to understand the potential of the Indian retail industry that we seek to unleash,” said Smriti Zubin Irani, Union Minister of Textiles speaking at... Read more

CMAI’s India Size Project to benefit manufacturers and consumers alike

CMAI’s India Size Project to benefit manufacturers and consumers alike

CMAI recently launched the India Size Project that aims to study Indian body types to create an Indian size chart. “The project is not only an emblem but a resolve... Read more

Raisin aims for a holistic experience with retail expansion on the cards

Raisin aims for a holistic experience with retail expansion on the cards

Staying close to its core strength of providing exceptionally comfortable fashion, Raisin, in the upcoming summer season, plans to introduce a new collection ‘You Are Hue’ Spring/Summer ’19. “True to... Read more

Not yet ready for summer, Tom Tailor launches an in-between range

Not yet ready for summer, Tom Tailor launches an in-between range

All collections of Tom Tailor exude individuality and a sense of style, and skillfully combine classic pieces with seasonal fashion trends. The brand for the upcoming season is launching two... Read more

Duke’s launches S/S ’19 collection, to foray into new segments

Duke’s launches S/S ’19 collection, to foray into new segments

Kuntal Raj Jain, Director, Duke believes “innovation is most important in the fashion industry.” With a style statement that says, ‘clean, chic and vibrant attitude’ for the not so patient... Read more

Numero Uno celebrates individuality with new collection

Numero Uno celebrates individuality with new collection

The S/S’19 collection of Numero Uno offers an interesting mix of natural and sustainable fabrics alongwith technology-driven sustainable wash. The collection comprises ‘One Glass Water Jeans’, and a new collection... Read more

MOST POPULAR NEWS
Go to top