Indian fashion retailer Raymond said that it was open to looking at opportunities for auto and tools business after it posted a positive set of Q1 numbers on Tuesday.

The company had a good start for the year even though consumer sentiment was subdued, said Sanjay Bhal, group CFO of the company.

Bhal said that the export business grew at a much faster rate as compared to domestic business.

Talking about growth, he said, “Q2, Q3 and Q4 are normally the high performing quarters for the company given the seasonality factors in branded textile and apparel business. So we expect that we will certainly achieve the guidance given of double digit growth in revenue and margin improvement of at least 100 bps for the year.”

On brand front, Bahl said, “Park Avenue has consistently grown over the last 12 quarters in double digits, so it had excellent growth momentum.”

First Published:Aug 1, 2018 1:22 PM IST