Textile and paper manufacturer Trident Ltd reported a 23.47% year-on-year decline in fourth-quarter consolidated net profit, with earnings falling to ₹101.98 crore for the quarter ended March 31, compared with ₹133.26 crore in the year-ago period. According to Business Standard reports, revenue from operations also declined 12.43% year-on-year to ₹1,632.53 crore from ₹1,864.3 crore a year earlier. The company's profit before tax (PBT) stood at ₹146.44 crore, reflecting a decline of 14.71% from ₹171.71 crore reported in Q4 FY25. Despite the profit decline, the company showed improvement in operational efficiency with EBITDA margin expanding to 13.9% from 13.1% a year ago, though absolute EBITDA declined 7.2% to ₹227.3 crore from ₹245 crore in the corresponding quarter last year.
On a segmental basis, Trident's revenue performance showed mixed results across different product categories. As reported by Business Standard, revenue from yarn declined 6.27% to ₹851.25 crore, while towel revenue fell 20.15% to ₹601.12 crore and bedsheets revenue dropped 33.18% to ₹210.57 crore. However, the company managed to achieve growth in its paper and chemicals segment, with revenue rising 10.59% to ₹296.83 crore. This diversified portfolio performance reflects the company's position as one of the world's largest towel manufacturers and one of the world's largest agro-based paper manufacturers.
For the full financial year FY26, Trident posted a 1.95% increase in consolidated net profit to ₹377.11 crore, while revenue declined 4.09% to ₹6,701.05 crore compared with FY25. According to Business Standard reports, net cash used in operating activities stood at ₹760.18 crore in FY26, compared with net cash from operating activities of ₹945 crore in the previous year. The annual performance shows resilience in profitability despite revenue challenges, with the company maintaining its position as one of the largest towel manufacturers globally and one of the largest yarn producers in India.
The company's board approved a first interim dividend of ₹0.50 per fully paid-up equity share of face value ₹1 each for the financial year 2026-27. As reported by CNBC TV18, Trident has fixed May 23, 2026, as the record date to determine shareholders eligible for the dividend payout, with the dividend to be credited within prescribed statutory timelines. The dividend declaration comes despite the challenging quarterly performance, indicating the board's confidence in the company's financial position.
Shares of Trident Ltd ended marginally higher on Tuesday, rising 0.58% to end at ₹24.44 on the BSE, according to Business Standard reports. The modest increase in share price reflects investor reaction to the mixed quarterly results, with improved margins and annual profit growth offsetting the revenue decline and quarterly profit drop. The market response suggests cautious optimism about the company's operational improvements and its position as a vertically integrated textile and paper manufacturer.
