Raymond Q3 net falls 28% to Rs 40.11 cr

Raymond Q3 net falls 28% to Rs 40.11 cr

FPJ BureauUpdated: Friday, May 31, 2019, 06:50 PM IST
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New Delhi :  Diversified group Raymond reported a decline of 28.46% in consolidated net profit at Rs 40.11 crore for the third quarter ended December.

However, total consolidated income increased by 7.36 % to Rs 1,484.40 crore.

“The global economic environment has been challenging with slowdown in major world economies and falling commodity prices.

“This has resulted in demand slowdown in export market and subdued consumer demand. Despite these challenges, we registered a healthy top line growth driven by strong performance in the textile and apparel segment,” said Gautam Hari Singhania, CMD, Raymond Ltd.

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