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Raymond Lifestyle shares hit up to 14%, profit reduced by 60% in Q3, then investors sold shares – Raymond Lifestyle Share Tumbled UPTO 14 Percent Due to High Selling Pressure After Q3 Net Profit Falls 60 percent Falls 60 percent

Raymond Lifestyle Stock Price: The shares of Garments and Apparel sector company Raymond Lifestyle were heavy on 30 January. The price on BSE fell to 14 percent to the records so far. Investors are selling due to weak financial results of the company’s December 2024 quarter. In the October-December 2024 quarter, the company’s net consolidated profit fell by 60.5 percent to Rs 64.17 crore on an annual basis. The profit was Rs 162.43 crore a year ago.

Consolidated revenue from the company’s operations reached Rs 1754.21 crore with a slight increase of 1.6 percent compared to a year ago. Revenue was Rs 1726.26 crore in the December 2023 quarter. The total expenditure of Raymond Lifestyle in the December 2024 quarter was Rs 1708.37 crore, which was Rs 1546.22 crore a year ago.

61 new stores opened in December quarter

The old name of Raymond Lifestyle was Raymond Consumer Care Limited. The company opened 61 new stores in the December 2024 quarter. Raymond Lifestyle’s portfolio includes famous brands like ‘Park Avenue’, ‘Colorplus’, ‘Parks’, ‘Raymond Made to Major’, ‘Raymond Ready to Wear’, ‘Sleepz by Remond’ and ‘Ethnix by Remond’.

So far shares lost 27 percent in January

The market cap of Raymond Lifestyle is Rs 9,200 crore. According to BSE data, the stock has come down 27 percent so far in January. The company had a 54.68 percent stake in the company till the end of December 2024.

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