Textiles major Trident’s net profit rose 13 per cent in the second quarter. The company’s revenue for the quarter rose 44 per cent compared to the corresponding period previous fiscal. Trident continued its positive momentum from previous quarter and delivered the best performance in second quarter. The company is committed to embark inclusive growth for all its stakeholders and continuing to excel in future. During the quarter, the company also launched its new e-commerce website to strengthen domestic market presence and expects strong online sales in the coming quarters.
Trident is one of the largest players in the home textile space in India. It currently has around 400 points-of-sales across the country and plans to further expand its retail presence by doubling its point-of-sales next year. Trident believes in offering innovative solutions and delivering high-quality value-added products to customers. The company is expanding spinning capacity at its Madhya Pradesh plant. The project will help strengthen existing home textile business and further expand market presence. Trident’s existing capacity is 5,43,744 spindles and 6,464 rotors, and the current capacity utilisation is 99 per cent. It has planned for small maintenance capex in the form of de-bottlenecking and upgradation of capacities.