Raymond Lifestyle Profit Drops
Indian apparel retailer Raymond Lifestyle reported a ten percent drop in second quarter profit as rising raw material costs and higher inventory expenses offset a thirteen percent increase in revenue.
Insights:
India apparel retailer Raymond Lifestyle posted a 10% drop in second-quarter profit, hurt by rising raw material costs. Profit fell to 675.3 million rupees for the three months ended September 30. The decline highlights margin pressures across the apparel sector.
