Trident profit jumps 10% in Q1 FY27; board greenlights new subsidiary

Trident Limited reported a 10 per cent rise in standalone net profit for the quarter ended June 30, 2026, at ₹152.93 crore compared to ₹139.36 crore in the same quarter last year, as the textile-to-paper conglomerate also announced plans to incorporate a new domestic wholly owned subsidiary focused on overseas brand-building.

The Board of Directors approved the unaudited standalone and consolidated financial results for Q1 FY27 and separately cleared the incorporation of a Domestic Wholly Owned Subsidiary (DWOS) in the textile and trading sector. 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 per cent shareholding structure.

On a standalone basis, revenue from operations grew to ₹1,781.68 crore from ₹1,700.23 crore a year ago. Total income stood at ₹1.797.14 crore. Profit before tax came in at ₹209.20 crore, up from ₹186.64 crore in Q1 FY26. The Yarn segment was the standout performer, with segment profit jumping to ₹145.83 crore from ₹70.07 crore year-on-year.

On a consolidated basis, net profit after tax rose to ₹158.09 crore from ₹139.96 crore, with revenue from operations at ₹1,786.83 crore. The Board also declared and paid an interim dividend of ₹0.50 per share during the quarter.

Trident’s stock was trading at ₹25.51 on NSE on July 22, 2026, up 1.63 per cent on the day, though the scrip remains down about 16 per cent over the past year against a near-flat Nifty 500. The company’s total market capitalisation stands at approximately ₹13,000 crore.