Raymond reported a sequential growth in revenues led by Engineering and Real Estate business, however, Textile business remained subdued. In the textile business, the company witnessed sequential improvement in demand across the country since September and expects the momentum to continue going forward. Raymond registered a yoy revenue de-growth of c. 64% with EBIDTA loss of around 110 crores. The company has successfully cushioned the fall in profitability through ongoing cost optimization measures, leading to cost saving of 278 crores i.e. 48% cost reduction yoy. Raymond has reopened c.99% of its stores across India and is experiencing demand recovery in the range of c.50% to 70% amongst the channels. Garmenting and Engineering business has...