Raymond's remarkable renaissance

Raymond , a leading textile and apparel company, has witnessed remarkable success in the post-COVID era. Its share price has skyrocketed, increasing tenfold from its pandemic lows, and its net profit has more than doubled. Behind these impressive numbers lies a compelling story of growth. Let's delve into it. Post-COVID financial performance Raymond's performance in the fiscal years 2021 to 2023 stands in stark contrast to the preceding years of 2018 to 2020. During FY21-23, the company's revenue more than doubled, while both operating and net profits tripled. Remarkably, its real estate segment emerged as the surprising star performer during this timeframe, while branded textiles and apparel continued to be the driving force behind the company's growth. Company management attributes this recent surge in growth to pent-up demand and a robust brand presence. Additionally, lower raw material prices played a crucial role in bolstering profitability. In fiscal year 2023, Raymond achieved its highest operating margin in over two decades and its highest net margin since 2007. Raymond's financial performance over the years Operating profit has grown at a sizzling pace FY23 FY22 FY21 FY20