InvestorQ : How would you rate the latest results of Raymond Ltd for the March quarter?
Lavanya Subramanian made post

How would you rate the latest results of Raymond Ltd for the March quarter?

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ishika Banerjee answered.
3 years ago
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Raymond reported a 24.3% growth in its net profit at Rs.67.7 crore in the fourth quarter ended March 2019. Total income was also up at Rs.1837 crore for the fourth quarter. The branded apparel segment showed a lot more growth traction compared to the branded textiles segment of the company. Raymond also includes an auto parts business and a real estate business line; all of which have reported growth in this quarter.

However, the stock has seen major corporate governance issues in the last year as the spate in the Singhania has continued without much respite. That will continue to be an overhang. We would suggest being cautious on the stock while taking an investment call.

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