Diversified group Raymond reported a 24.26 percent increase in its consolidated net profit at Rs 67.70 crore for the fourth quarter ended March 31. Group CFO Sanjay Bahl spoke to CNBC-TV18 about the financial results

Bahl said they expect double-digit revenue growth and 100 basis points improvement in EBITDA margins in FY20.

“Our strategy is to continue with asset-light expansion strategy, continue to pursue profitable revenue growth across all our segments,” Bahl said on Thursday.

Talking about the business, Bahl said, "It was a satisfying year for branded textile and branded apparel, which has seen a resurgence in volumes to the tune of 7 percent growth and revenues grew 9 percent. While shirting business grew by 13 percent. Margin impact for the textile business was because of higher wool prices and input costs. However, a large part of the impact has been absorbed through operational efficiencies and product reengineering."

"The net debt for the company increased by Rs 114 crore, which include capex required for real estate expansion," he said.