Raymond today reported a 25% increase in net profit at Rs 38.37 crore for the third quarter ended December 31, 2006 when compared with Rs 30.55 crore in Q3FY06.According to a release issued to the BSE today, total income declined 10% to Rs 324.06 crore for the quarter ended December 31, 2006 from Rs 359.42 crore in Q3FY06.Gautam Singhania, chairman & managing director, Raymond, said: "The market for the textile and apparel business continues to be buoyant. The company has identified retailing as its thrust area for future growth in the branded textiles and apparel space. The company has embarked on an aggressive expansion plan for increasing its retail penetration and also entered into strategic partnerships with leading international players to enter into new product categories."
