Raymond Q1 Results: Profit jumps on one-off gain from consumer business sale – ET Retail
Indian textiles maker Raymond reported on Friday a multifold jump in first-quarter profit, helped by an exceptional gain from the sale of its consumer business. Raymond’s consolidated profit was 10.65 billion rupees ($128.7 million) for the three months ended June 30, compared with 809 million rupees a year earlier. In April, Raymond agreed to sell…