With inflationary pressures impacting textiles demand during the festive season, Trident’s consolidated net profit increased by 27 per cent Y-o-Y to Rs 797 million in Q3, FY25. A supplier of home textiles to major global retailers such as Walmart, Target, Ikea and JC Penney, the company reported a 9 per cent decline in revenue to Rs 16.67 billion during the quarter.

The company’s revenues across all four segments declined. Accounting for 41 per cent of total revenue, sales from the company’s yarn segment fell by 5 per cent while sales in the towels, bedsheets and paper and chemicals segments declined by 10 per cent, 13 per cent and 17 per cent respectively.

This revenue decline persisted despite the third quarter coinciding with the country's festive season, where retailers register a boost in demand as consumers splurge on products. The revenue decline also surpassed expenses, which contracted by about 7.2 per cent to Rs 15.79 billion, mainly due to lower raw material costs.

As per analysts at Antique Stock Broking, textiles sales in India have been dampened by persistent inflationary pressures that continue to reduce consumer demand and lower discretionary spending.

In October 2024, India's retail inflation increased to 6.21 per cent. This figure continued to remain above the Central Bank’s medium-term target of 4 per cent despite a slowdown in the following two months.