Q1FY23 has been yet another strong quarter with highest Q1 revenue and profitability in last 10 years, the company said.

The company posted net profit at Rs.81 crore.

Raymond Ltd posted results for the first quarter ended 30 June, 2022.

The company posted revenue at Rs. 1,754 crore up by 104%.

The company posted net profit at Rs.81 crore.

Q1FY23 has been yet another strong quarter with highest Q1 revenue and profitability in last 10 years, the company said.

Q1 witnessed temporarily high inventory on account of higher production to address the upcoming festival and wedding season sales. 

The company added that it will continue  on debt reduction plans and the current net debt will be further reduced in the current financial year.