Indian textile firm Trident's revenue soars 16.66% in Q1 FY25

Trident Ltd, a major player in the Indian textiles industry, has reported a 16.66% increase in revenue from operations, reaching ₹17.42 billion (approximately $208.06 million) in the first quarter of fiscal 2025 (Q1 FY25), compared to ₹14.93 billion in the same period last year.

Despite this revenue growth, Trident's consolidated profit after tax saw a decline of 19.1 per cent, dropping to ₹738.9 million from ₹913.4 million Q1 FY24, the company said in a press release.

The total income for Trident in the June quarter was reported at ₹17.57 billion, marking a 16.77 per cent increase from ₹15.05 billion a year earlier. However, total expenses rose by 19.7 per cent, amounting to ₹16.55 billion.

Breaking down the revenue by segments, Trident's yarn business generated ₹9.6 billion, the towel business contributed ₹6.15 billion, and the bedsheets segment brought in ₹3.57 billion.

Fibre2Fashion News Desk (DP)