Raymond Ltd reported over four times jump in its
consolidated net profit to Rs 364.97 crore for the fourth quarter ended in
March 2022, on the back of buoyant demand an strong consumer sentiments during
the period.

The company had posted a net profit of Rs 58.36 crore during the
March quarter of the previous financial year.

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Revenue from operations grew 43.38% to Rs 1,958.10 crore
during the March quarter as compared to Rs 1,365.66 crore in the corresponding
period of the previous fiscal.

Raymond recorded the “highest-ever revenue and
profitability during the quarter”, the company said in a financial
statement.

Its total expenses stood at Rs 1,790.12 crore, up 33.36%
in March 2022 quarter as against Rs 1,342.31 crore in the year-ago period.

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Raymond’s revenue from the textile segment in March 2022
quarter was up 22.66% to Rs 885.80 crore as compared to Rs 722.10 crore in the
same quarter of previous financial year, helped by strong momentum in secondary
sales led by wedding-related purchases and higher footfalls in retail outlets.
The segment reported a strong EBITDA margin of 22.7%.

Revenue from the shirting segment grew 31.11% to Rs
174.60 crore in March 2022 quarter as against Rs 133.17crore in March 2021
quarter driven by wedding season-related purchases and opening up of offices.
It reported EBITDA margin of 11% as compared to EBITDA loss in the previous
year.

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Revenue from Apparel category was up 59.43% to Rs 278.94
crore as against Rs 174.96 crore. Garmenting segment was up 69.29% to Rs 212.65
crore as against Rs 125.61 crore, primarily driven by growth due to high demand
from existing customers in US & Europe markets and new customer
acquisitions. EBITDA margin for the quarter surged to 3.5% mainly due to higher
utilization levels.

While revenue from Tools & Hardware stood at Rs
122.23 crore in the March 2022 quarter, up 1.61%, compared with Rs 120.29 crore
in the March 2021 quarter. Its revenue from the auto components segment grew
19.42% to Rs 82.43 crore as against Rs 69.02 crore of the January-March quarter
of previous financial year. The business reported EBITDA of Rs 34 crore in the
reported quarter.

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For the financial year 2021-22, Raymond reported a
consolidated net profit at Rs 265.12 crore. It had reported a net loss of Rs
303.65 crore in the previous year.

Its revenue from operations stood at Rs 6,178.51 crore in
2021-22, up 79.27% higher than Rs 3,446.47 crore in the same period a year ago.

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In a separate filing, Raymond said that its board in a
meeting held on Monday recommended the payment of a dividend of 30% on the
equity share capital, which is Rs 3 per equity share of the face value of Rs 10
for the financial year ended March 31, 2022.

Shares of Raymond Ltd on Monday closed at Rs 813.55 on
BSE, up 5.44% from the previous close.