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    HomeNewsBusinessCompaniesRaymond sees apparel revenue up 30% in FY11: Exec

    Raymond sees apparel revenue up 30% in FY11: Exec

    Textiles maker and retailer Raymond Ltd expects its apparel division revenue to jump 30% in FY11, an official told Reuters on Thursday.

    February 17, 2011 / 16:19 IST

    Textiles maker and retailer Raymond Ltd expects its apparel division revenue to jump 30% in FY11, an official told Reuters on Thursday.

    However, the company expects margins to stay under pressure on soaring cotton prices, Shreyas Joshi, president of Raymond Apparel Ltd said, adding the company plans to hike prices by 5% to 10% next quarter.

    Raymond sells apparel brands such as Manzoni, Park Avenue, Parx and ColorPlus.

    first published: Feb 17, 2011 02:46 pm

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