Trident Ltd. shares experienced a dramatic 15.35 times surge in trading volume to 519.9 lakh shares by 14:14 IST on NSE, compared to the two-week average daily volume of 33.87 lakh shares, as reported by Business Standard. The stock gained 0.92% to ₹25.33 following the announcement of strong Q1 FY27 results, with volumes significantly higher than the 34.95 lakh shares traded in the previous session. This exceptional trading activity reflects heightened investor interest in the company's operational performance and strategic initiatives, with the company's total market capitalisation standing at approximately ₹13,000 crore. The Board also declared and paid an interim dividend of ₹0.50 per share during the quarter, demonstrating confidence in the company's financial position.
On a standalone basis, the company's revenue from operations grew 4.68% to ₹1,781.68 crore in Q1 FY27, up from ₹1,700.23 crore in the corresponding quarter of the previous financial year. Total income stood at ₹1.797.14 crore for the standalone results. Profit before tax (PBT) came in at ₹209.20 crore, up 15.19% from ₹186.64 crore reported in Q1 FY26, as per The Hindu BusinessLine. The yarn segment emerged as the strongest performer, with segment profit jumping to ₹145.83 crore from ₹70.07 crore a year earlier, demonstrating strong operational performance. The paper and chemicals segment recorded the strongest revenue growth, while the towel segment remained largely flat and bedsheets revenue edged lower to ₹302.82 crore from ₹309.4 crore.
The yarn segment's pre-tax profit more than doubled to ₹145.83 crore from ₹70.07 crore in the year-ago quarter, demonstrating strong operational performance. The bedsheets segment profit improved to ₹49.3 crore from ₹44.8 crore, while the paper and chemicals business contributed ₹52.4 crore, though lower than ₹73.3 crore a year earlier. However, the towel segment's pre-tax profit declined to ₹33.7 crore from ₹47.6 crore in the corresponding quarter last year. This mixed performance across segments reflects varying market conditions and operational challenges in different business areas, with the yarn segment's exceptional growth driving overall profitability improvements.
The Board of Directors approved the incorporation of a Domestic Wholly Owned Subsidiary (DWOS) in the textile and trading sector, as reported by The Hindu BusinessLine. The new entity, still awaiting a name and Ministry of Corporate Affairs approval, will be fully funded by Trident in cash at face value and will hold a 100% shareholding structure. The subsidiary will focus on strengthening Trident's brand presence and driving sales, marketing, business development, and promotional initiatives for its products in overseas markets. This strategic move aligns with Trident's position as one of the world's largest towel manufacturers and one of the world's largest agro-based paper manufacturers.
On a consolidated basis, the company's net profit after tax rose to ₹158.09 crore from ₹139.96 crore, with revenue from operations at ₹1,786.83 crore. The EBITDA increased 2.7% to ₹299.6 crore from ₹291.7 crore in the year-ago period, as reported by CNBC TV18. However, EBITDA margin remained flat at 17%, indicating stable operational efficiency despite the modest growth. The mixed results reflect the company's ability to maintain profit growth while facing margin pressures in the current quarter. Trident maintains its position as one of the largest towel manufacturers in the world, one of the world's largest agro-based paper manufacturers, and one of the largest yarn producers in India. The company operates as a vertically integrated textile (yarn, bath & bed linen) and paper (wheat-straw-based) manufacturer.
