India’s leading textile giant Raymond Group has earned a consolidated revenue of Rs. 6,438 crore in FY ‘22, up from Rs. 3,648 crore in FY ‘21, at a growth of 82 per cent.
The textiles and fashion retailer said in its annual report that it has collected earnings before interest, taxes, depreciation and amortization (EBITDA) of Rs. 881 crore in FY ‘22, at an increase of 13.49 per cent from Rs. 135 crore in FY ‘21.
Its net profit stood at Rs. 260 crore, whereas its profit before taxes reached Rs. 413 crore in FY ‘22.
The company’s branded textile division raked in sales worth Rs. 2,789 crore and exports to more than 40 countries, whereas the apparel business logged sales worth Rs. 891 crore.
Raymond’s garmenting business logged sales worth Rs. 725 crore mainly from the US, Europe and Japan and exports to over 20 countries.
Its high-value cotton shirting business raked in sales worth Rs. 572 crore.
The report said that with constant focus on operational efficiencies and cost rationalisation, it achieved 21 per cent lower operating cost as compared to FY ‘20.
The report also mentions that in order to tackle higher raw material prices, the company sources wool from Australia, South Africa, the US and Paraguay, linen flex from Belgium and France and cotton yarns domestically.
Raymond has 1,351 exclusive stores– 1,304 stores in over 600 cities in India and 47 stores in eight countries.
