Business & Policy | Industry Updates

Net profit for Trident Ltd.’s first quarter fell by 29% to Rs 90 crore.

Published: July 29, 2023
Author: Fashion Value Chain

Compared to the same quarter last year, Trident Ltd. had a 29 percent decline in net profit, falling to Rs 90 crore ($11.2 million) from Rs 124 crore.

The company’s overall revenue for the reviewed quarter decreased by 11% to Rs 1,550 crore from Rs 1,685 crore.

income from the towel and bedsheet industries increased by 12 and 8 percent, respectively, while income from the yarn segment, which accounts for 43 percent of overall revenue, plummeted by 37 percent.

Trident received a patent from the European Patent Office for a method of creating a fabric having uniform pores during the quarter. One of the biggest companies in India’s home textile market is Trident, which is situated in Punjab. It presently has about 400 points of sale throughout the nation, and it intends to increase that number by doubling it the next year in order to strengthen its retail presence.

Related Posts

Myntra introduces Maya, India’s first virtual fashion influencer, to reinvent GenZ shopping.

14 Visionaries Honoured at the 14th NCPEDP-Mphasis Universal Design Awards 2023