New Delhi, Jan. 30 -- Raymond declared their Q3 results on 29 Jan, 2025, reporting a topline increase of 40.6% year-over-year, despite a significant profit decline of 60.69%. The company's profit stood at Rs.72.13 crore, with total revenue reaching Rs.953.9 crore. Notably, when compared to the previous quarter, revenue experienced an 8.69% decline, although profit saw a healthy increase of 20.16%.

The Selling, General & Administrative expenses exhibited a rise of 0.53% quarter-over-quarter and an alarming increase of 105.89% year-over-year. This substantial rise in expenses may have contributed to the drastic fall in profit.

Despite the profit drop, the operating income showed resilience, climbing 27.13% quarter-over-quarter and 58.39% ...