Trident Ltd., the flagship company of the Trident Group, which is one of the largest vertically integrated home textile (yarn, bath & bed linen) manufacturers, has been granted a patent for ‘Air Rich Yarn and Fabric and its method of manufacturing’ by the United States Patent & Trademark Office.
The present invention describes the novel “Air Rich Fabric” and “Air Rich Yarns” with pores throughout the cross-section of the yarn. The invention is directed at producing air rich fabrics and yarns which have high breathability, quick absorbency and easy dryability. Unlike regular terry fabrics which become harsh after multiple washes, air rich fabrics (terry) retain softness and become more bulky even after multiple washes. The grant of this patent provides further recognition of the quality of the innovation being carried out by the Trident team.
Business performance
Trident Group’s revenues for the first nine months of the current financial year stood at Rs. 3,848.8 crores compared to Rs. 3,452.4 crores during the same period last year. Mr. Rajinder Gupta, Chairman, Trident Group, said: “We are pleased with the financial and operational performance achieved during the quarter. We remain focused on sweating manufacturing capacities and expect to further increase the utilization level led by expanding across geographies and enhancing our market share. We will continue to consolidate the business by leveraging the existing customers and adding new customers to its portfolio.”
The 10 months (January – October 2018) OTEXA Bath linen & Bed linen data suggest that the recovery in home textiles is evident on both monthly and yearly basis, and the trend is expected to continue for the rest of the calendar year. Trident’s bed linen business has been growing in both value and volume and crossed 60% capacity utilization. Bed and bath linen contributed more than 50% of the company’s total revenue in 9M FY19 which stands at Rs. 1,926 crores. The company continues to remain optimistic to sustain this growth in home textile business, going forward.
Home textile represents nearly one-third of the global textiles & apparel industry. It is expected to touch $131 billion by 2020 at a growth rate of more than 3.5%. Bed linen & bed spread is the largest application segment of home textiles representing 44.2% in 2015. This segment is expected to grow at a CAGR of 4.4% to reach $60 billion by 2020. Bed and bath linen together constitute around 65% of the total of home textile market and is expected to reach $87 billion by 2020 at a growth rate of more than 4.1%.
The US home textiles industry is the largest in the world. It accounted for nearly 21.1% of the global market share in 2015. It is expected to grow at a CAGR of 3% to reach $27 billion by 2020.
Europe is the second largest home textiles market after Asia Pacific, with 26.8% of the market worth $29 billion in 2015. Bed linen accounted for 32% of the market share. The European bed and bath linen segment is expected to grow at a CAGR of 1.7% to reach $17 billion by 2020.
Asia Pacific being home to approximately 60% of the global population and dominant production of home textiles product region is also leader in the consumption of home textiles products. The region accounted for roughly 44% of the market share in 2015 worth $48 billion.
China is the largest manufacturer and consumer of the home textiles market. It accounted for nearly 27% of the global market share in 2015 worth $30 billion. Demand for home textiles products in the Chinese market is primarily driven by increasing middle class spending on these products in the nation.
Trident was ranked first and received the highest score in the Sustainability Index among all home textiles partners, of Wal-Mart. By working with Wal-Mart Sustainability Teams, the company has improved and honed its sustainability practices in line with global practices.
“We are pleased with the financial and operational performance achieved during the quarter. We remain focused on sweating manufacturing capacities and expect to further increase the utilization level led by expanding across geographies and enhancing our market share. We will continue to consolidate the business by leveraging the existing customers and adding new customers to its portfolio.”
– Mr. Rajinder Gupta, Chairman, Trident Group