Raymond News and Updates

Textiles company Raymond announced Q4FY24 & FY24 results: FY24 Financial Highlights: Highest ever annual revenues at Rs 9,286 crore. Strong momentum across all businesses led to annual revenue growth by 11%. Record annual EBITDA of Rs 1,575 crore and EBITDA margins at 17.0% with growth of 19% vs PY. Record annual PAT of Rs 655 crore, excluding profit on sale of FMCG business, up by 24% vs PY. The Board of Directors has recommended the highest ever dividend of 100%. Reported highest ever EPS of Rs 98, excluding profit on sale of FMCG business. Q4FY24 Financial Highlights: Q4FY24 revenues grew by 23% over PY to highest ever at Rs 2,688 crore. Highest ever quarterly EBITDA at Rs 516 crore with EBITDA margin of 19.2% in Q4FY24. Commenting on the performance, Gautam Hari Singhania, Chairman & Managing Director, Raymond Limited said; “I am satisfied with the performance across businesses, and they have demonstrated consistent growth throughout the year. Our Lifestyle business showed strong perseverance and recorded growth despite headwinds and muted consumer demand. For our Real Estate business, we have maintained strong booking momentum particularly with the launch of our first JDA project in Bandra, Mumbai. We remain committed to delivering value to stakeholders and are confident in our ability to capitalize on growth opportunities, ensuring sustained success in the future. We have our three verticals vis Lifestyle, Real Estate & Engineering business that are future growth engines which is in line with India’s vision of Viksit Bharat.” Result PDF

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