For the third quarter Trident has had a 53 per cent rise in net profit. The company’s revenue jumped 18 per cent. Operating profit or ebitda was also up 18 per cent. During the quarter, the existing promoters raised their stake to 70 per cent. Their shareholding in the textile firm was at 68 per cent at the end of September 2018.
The strong results coupled with increased control by the promoters is expected to further boost sales of the company in future. Trident is looking to expand its retail presence in the country by doubling its point of sales and expects to be a Rs 1000 crore brand by 2020.
Trident currently has around 400 points of sales across the country with manufacturing facilities in Punjab and Madhya Pradesh. Incorporated in 1990, and based in Ludhiana, the company has evolved from being a solitary yarn and paper manufacturer to one of the largest, state-of-the-art and integrated home textile manufacturers globally.
Trident’s spinning division produces cotton, compact and blended yarns. It has the largest spinning installation at a single campus in India. Presently, Trident has an installed capacity of 5.5 lakh spindles and 6,464 rotors with a capacity to produce 90,000 tons a year of cotton, compact and blended yarn.
