Raymond fell 1.03% to Rs 525.45 at 09:55 IST on BSE after consolidated net profit fell 1.4% to Rs 56.07 crore on 13.9% rise in total income to Rs 1396.26 crore in Q3 December 2014 over Q3 December 2013.
The result was announced after market hours yesterday, 21 January 2015.
Meanwhile, the S&P BSE Sensex was up 120.80 points or 0.42% at 29,009.23
On BSE, so far 18,555 shares were traded in the counter as against average daily volume of 87,663 shares in the past one quarter.
The stock hit a high of Rs 533.65 and a low of Rs 518.50 so far during the day. The stock hit a 52-week high of Rs 579.50 on 9 December 2014. The stock hit a 52-week low of Rs 255.85 on 4 February 2014.
The mid-cap company has an equity capital of Rs 61.38 crore. Face value per share is Rs 10.
Raymond's earnings before interest, taxation, depreciation and amortization (EBITDA) fell 5% to Rs 156 crore in Q3 December 2014 over Q3 December 2013. EBITDA margin slipped to 11% in Q3 December 2014 from 13% in Q3 December 2013.
Gautam Hari Singhania, Chairman and Managing Director, Raymond said, We have significantly stepped up our Ad spends, new store roll-outs, along with store renovation, as a part of brand building exercises in the Life Style Business, benefits of which will commence accruing next year.
Raymond offers end-to-end solutions for fabrics and garmenting.
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