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

26 Aug, 2025 12:21

Volume

Todays L/H

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

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

Al Edge Newsletter On Saturdays

Find the best of Al News in one place, specially curated for you every weekend.
MC Tech 3 Newsletter Daily-Weekdays

Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347