Will Demerge Non-Core Biz If Necessary: Sanjay Bahl, Raymond
  • WebDesk BTVI
  • Aug 02 2019

Raymond reported a consolidated net loss of Rs 14.83 crore in the June quarter, against a net profit of Rs 73 lakh in the year-ago period. Net sales increased by 14.7 per cent to Rs 1,435.12 crore. Speaking to BTVI, the company's Group CFO Sanjay Bahl, said weak macroeconomic sentiment and subdued consumer spending hit profitability. He said the firm has its board's permission to follow restructuring plan and will demerge non-core business if necessary.