New Delhi: Diversified group Raymond, which has its majority business interests in textile and apparel sectors, is "cautiously optimistic" about recovery amid the COVID-19 pandemic, its Chairman and Managing Director Gautam Hari Singhania has said.Looking at the 2020-21 fiscal as a "total washout", the group expects this fiscal to end on a flat note in terms of growth prospects with businesses being hit in the first six months of the current fiscal by the pandemic-related disruptions.
On being asked about growth expectations, Singhania told PTI "the group has passed through a very tough phase for the last six months when everything was closed" due to the pandemic, so there would be no growth this fiscal.On being asked about business.