Denim could continue to be a drag on the company's financials in FY09 due to higher cotton prices, say industry watchers.

<tr><td><p class='TableClas'></p><P class='TableClas'><DIV CLASS=rightDiv><script language="JavaScript">
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		<script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
		</script> </DIV><p class='TableClas'>Raymond&#39;s got the denim blues. The textile player&#39;s denim joint venture continues to be reeling under losses: a Rs 41 crore loss in the March 2008 quarter followed a Rs 36 crore loss in the December quarter. 
</p><p class='TableClas'>Industry watchers say denim could continue to be a drag on the company&#39;s financials in FY09 due to higher cotton prices 

Raymond: Frayed fabric

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