Raymond zooms 4.7% on robust Q4 and FY22 results

Raymond zooms 4.7% on robust Q4 and FY22 results

by 5paisa Research Team Last Updated: Dec 13, 2022 - 09:55 pm 27.9k Views
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The company witnessed a growth of over 79% in revenues for FY22. 

Raymond Ltd, a smallcap company primarily engaged in the manufacturing of garments and apparels, has been trending on Dalal Street as it has rallied by about 4.68% from its previous close of Rs 813.55. The scrip opened at Rs 860.10 and made a day’s high of Rs 866.75.

The company announced its Q4 and FY22 results on 16th May. In Q4FY22, revenue grew by 43.38% YoY to Rs 1958.1 crore from Rs 1365.66 crore in Q4FY21. On a sequential basis, the top-line was up by 6.22%. PBIDT (Ex OI) was reported at Rs 284.4 crore, up by 83.63% as compared to the year-ago period and the corresponding margin was reported at 14.52%, expanding by 318 basis points YoY. PAT was reported at Rs 262.96 crore, up by 474.78% from Rs 45.75 crore in the same quarter of the previous fiscal year. The PAT margin stood at 13.43% in Q4FY22 expanding from 3.35% in Q4FY21.

As far as the fiscal 2022 results are concerned, the revenues grew by 79.3% to Rs 6,178.5 crore as against FY21. The EBITDA increased by a huge 551% to Rs 880.6 crore and PAT stood at Rs 271.5 crore against a net loss of Rs (294) crore in FY21. The stock witnessed a strong gap up of 5.7% and remained buoyant throughout the day. 

Raymond is India’s largest integrated worsted suiting manufacturer that offers end-to-end solutions for fabrics and garmenting. Over the years, Raymond has been synonymous with quality, innovation and market leadership. It has one of the largest exclusive retail networks in the country with many stores in many towns. Raymond also has a presence in FMCG sector through Raymond Consumer care which offers a wide range of products in men’s personal grooming category and personal hygiene. The stock has a 52-week high of Rs 964.15 and a 52-week low of Rs 350.

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