Expect good H2FY18; realisations to improve due to higher sales: Raymond

Raymond reported a good quarter, though the stock is under pressure. In an interview to CNBC-TV18, Sanjay Bahl, Group CFO of Raymond discussed the company's quarterly performance.

Suiting business grew in spite of goods and services disruption, he said.

Domestic business grew by 12 percent and exports were impacted because of the situation in the Middle East but overall there was a positive growth in suiting business on the domestic front. Apparel business grew by 18 percent. Saw strong growth across all our brands, he added.

Engineering business and auto business contributed significantly.

Q3 and Q4 are the best quarters for our business. Realisations tend to improve due to higher sales, said Bahl.

October has been a subdued month in terms of sales. See a revival in sales in November due to wedding season, he further mentioned.

He also expects rupee depreciation to boost revenues and strong growth to continue in engineering businesses. Overall a good second half is expected for the business, Bahl said.

On Thane land, he said that the focus is on monetizing the asset that the company has.

For full interview, watch accompanying video...