Raymond’s net profit rises by four per cent in Q2

For the second quarter Raymond’s net profit was up 4.75 per cent. Total income was up 16.04 per cent. Total expenses were up 14.86 per cent. Revenue from branded textiles was higher by 15 per cent over the previous year led by a 14 per cent growth in the suiting business and 17 per cent in the shirting business. Branded apparel segment sales were up by 15 per cent, driven by strong performance in the MBO channel along with growth in Raymond and Parx brands supported by new customer segments.