INDIA: Raymond swings to Q1 loss
Despite rising sales, Raymond Ltd, one of India’s leading textile and apparel companies, has swung to a first quarter loss of INR416m (US$9.8m) from a profit of INR54m in the same period last year.
Despite rising sales, Raymond Ltd, one of India’s leading textile and apparel companies, has swung to a first quarter loss of INR416m (US$9.8m) from a profit of INR54m in the same period last year.