Expect demand revival to happen in FY17-FY18: Raymond

In an interview to CNBC-TV18, Sanjay Bahl, Group CFO of Raymond spoke about the results and his outlook for the company.

"We are carrying forward a growth momentum from Q4 of FY17 into the current year (FY18) now. We expect the demand revival to happen in FY17-FY18", he said.

He expects goods and services tax (GST) to benefit the company with a shift in demand from unorganised to organised branded segment.

The company is also looking for expansion through franchise asset like models in suiting and branded apparel business, which will drive growth in cost-effective manner, he further added.