Raymond Q2 revenue up two per cent

For the second quarter Raymond revenue has grown two per cent. Ebitda is down 10 percent and profits are up 39 percent. Branded textile segment sales were two percent lower over previous year supported by a one percent growth in the suiting business on account of expansion to new smaller outlets through low priced products in the subdued consumer sentiment quarter. The ebitda margin is lower at 14.8 percent as compared to 15.1 percent in the previous year mainly due to an adverse product mix.