Trident Ltd., the flagship company of the $1 billion Trident Group, and a leading manufacturer and exporter of home textiles & paper products, clocked a turnover of Rs. 3,486.8 crores for the first nine months from April to December 2016, which is an increase of 26 per cent over the same period last year. Profit is Rs. 237.3 crores, an increase of 36 per cent.
Commenting on the performance, Mr. Rajinder Gupta, Chairman, Trident Group, said: “We have yet again delivered strong financial and operational performance during the quarter owing to robust contribution from our home textiles segment led by terry towels and bed linen. Our focus on strengthening the marketing team as well as other strategic initiatives undertaken in the past have started delivering the desired results and we anticipate this traction to further improve in the upcoming quarters. Overall, we remain buoyant and firmly believe that FY18 would be a milestone year for Trident as we are well on track to sweat our global scale capacities. This will enable us to deliver strong performance and notably improve our return ratios going forward.”
Trident’s business has been driven by strong volume growth in terry towels & yarn across markets as a result of sustained focus & efforts on marketing, designing as well as product innovation. Healthy traction in the bed linen segment in both international and domestic markets further supported this momentum.