Trident Ltd reported a subdued performance for the third quarter, with profitability and margins coming under significant pressure amid lower revenues.
Net profit for the quarter declined 44.5% year-on-year to ₹44.2 crore, compared with ₹79.7 crore in the same period last year. Revenue slipped 5.6% to ₹1,574 crore from ₹1,667 crore a year ago.
Operating performance also weakened, with EBITDA falling 36.5% year-on-year to ₹136.2 crore from ₹214.5 crore. EBITDA margin contracted sharply to 8.7%, compared with 12.9% in the year-ago quarter, reflecting reduced operating leverage.
Ahead of the earnings announcement, shares of Trident Ltd closed at ₹28.47 on the NSE, up 2.82% on the day.
Separately, the company announced the incorporation of a new domestic wholly owned subsidiary aimed at strengthening brand presence, brand-building initiatives, and sales and marketing of Trident products in overseas markets, with a special focus on the US market.
At the same time, Trident said it has divested its entire stake in MYTRIDENT.COM Limited, a domestic wholly owned subsidiary. Following the execution of a definitive share purchase agreement, MYTRIDENT.COM Limited ceased to be a wholly owned subsidiary of Trident Limited with effect from February 9, 2026. The company clarified that MYTRIDENT.COM Limited was not a material subsidiary.
Trident is a diversified manufacturer with interests spanning textiles, paper, and chemicals, with a strong presence in home textiles and yarn exports.
