Indian textile major, Raymond has registered a 5 per cent surge in its net sales to Rs. 5,594 crore in financial year 2016, ending March 31, as against Rs. 5,332 crore last fiscal. The growth is attributed to strong performance of textile and apparel segments.
The company’s branded textiles segment noted a surge of 5 per cent in net sales to Rs. 2,665 crore in the reporting period as compared to Rs. 2,545 crore last year. Branded apparel segment reported an increase of 18 per cent to Rs. 1,194 crore versus Rs. 1,011 crore in FY 2015. Raymond’s apparel business posted a rise of 11 per cent in the period under review to Rs. 594 crore as compared to Rs. 533 crore earlier.
Also Read – Raymond Textiles eyes 8% growth in suiting business
In addition to this, suiting fabric sales zoomed 3 per cent; and shirting fabric sales grew by 39 per cent in volume terms. High value cotton shirting business rose 19 per cent to Rs. 467 crore as compared to Rs. 393 crore last year. However, the textile manufacturer reported drop in denim sales by 5 per cent.
Set up in 1925, Raymond is India’s leading branded fabric and fashion manufacturer and retailer. It is also the leading integrated producer of suiting fabric in the world, with a capacity of producing over 31 million metres of wool & wool-blended fabrics.
Bharat Tex Special Report 2026 
