Raymonds sees recovery of garments business
Gautam Singhania, CMD, Raymonds, said that the garment business is seeing a good recovery. He added that most of their business is ahead of pre-pandemic levels already.
Gautam Singhania,
CMD, Raymonds, said that the garment business is seeing a good recovery. He
added that most of their business is ahead of pre-pandemic levels already.
On the garment
business, he said that, he thinks that the recovery is good and most businesses
are back up now. There is no third wave fortunately, he hopes that there would
be a reasonably good recovery.
He also said that,
every year the company comes out with something different for the youth with
the trends in the market, and the traders helped them design a collection in
line with what the market wants. So, it is really putting it into the market
and seeing where the potential is. Raymonds has launched a new collection
of shirting fabrics under the brand Vibez, with an aim to capitalise on the
casual clothing space.
On demand in the
upcoming festive season, he said the company hopes to touch pre-Covid levels
this time. Speaking on the branded apparel business, Singhania said that, he
thinks everything is recovering. All their businesses are recovering, including
branded apparel. So, they are keeping their fingers crossed if there is no
third wave and everybody would be out of the pandemic. In a lot of our
businesses, they are back to the pre-pandemic levels. So, their business is
anything between 90 and 110% pre-Covid depending on which business they are in.
Source: CNBC 18.com
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