About 30% fall in demand post demonetisation: Raymond
Apparel major Raymond has seen nearly a 30% decline in demand since the demonetisation announcement but expects the situation to ease early next year, CEO Sanjay Behl said. “The liquidity has also shrunk, and more than 80% of this (textile) business is cash driven. However, I see the situation easing up in the beginning of next year,” he added. 