Raymond, a textiles and apparels manufacturer witnessed serious plunge in net profits in the second quarter of fiscal 2014-15 that ended on September 30. The net returns of the company fell 26 per cent from a year ago quarter to Rs. 68.1 crore on revenue of Rs. 1471.5 crore. Raymond Group is one of India’s largest branded fabric and fashion retailers. It has a network of over 700 retail shops spread across India and overseas, in over 200 cities.
