Raymond CMD cautiously optimistic about business recovery amid coronavirus pandemic, Retail News, ET Retail

NEW DELHI: Diversified team Raymond, which has its vast majority business interests in textile and attire sectors, is “cautiously optimistic” about restoration amid the COVID-19 pandemic, its Chairman and Taking care of Director Gautam Hari Singhania has stated. On the lookout at the 2020-21 fiscal as a “overall washout”, the team expects this fiscal to close on a flat observe in terms of progress potential customers with companies staying hit in the first 6 months of the current fiscal by the pandemic-associated disruptions.

On staying questioned about progress expectations, Singhania instructed “the team has handed via a quite rough period for the past 6 months when everything was shut” thanks to the pandemic, so there would be no progress this fiscal.

On staying questioned about business restoration likely in advance, Singhania stated: “I feel there would be cautiously optimistic restoration”.

He, however, stated that the team has previously reached pre-COVID-19

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