Trident Ltd Posts Strong Profit Growth For Q1FY26, Reduces Net Debt
Trident Ltd, the flagship company of the Trident Group, has announced its consolidated financial results for the first quarter of FY26 ended June 30, 2025.
The company reported a quarterly revenue of Rs 1,727 crore. Despite a slight year-on-year dip of 1.75% and a sequential decline of 8.31% in total income, Trident achieved strong profitability growth, with EBITDA rising 18.12% quarter-on-quarter to Rs 312 crore, and 29.85% year-on-year. EBITDA margins improved significantly to 18.06% compared to 14.02% in Q4FY25 and 13.67% in Q1FY25.
Net profit for the quarter stood at Rs 140 crore, reflecting a 4.89% sequential growth and an impressive 89.39% increase compared to the same period last year. Cash profit rose to Rs 233 crore, up 4.28% QoQ and 40.54% YoY. Earnings per share (EPS) for the quarter stood at Rs 0.27, marking a significant YoY rise of 83.19%. Trident also generated a robust free cash flow of Rs 234 crore during the quarter.
The company continued to strengthen its balance sheet, reducing net debt by Rs 31 crore to Rs 879 crore, despite a dividend payout of Rs 254 crore in May 2025. Annualized net debt to EBITDA improved from 0.95 in Q4FY25 to 0.71, while the debt-equity ratio remained steady at 0.35. The current ratio stood at 1.87, reflecting stable liquidity, albeit slightly lower than 1.98 in the previous quarter.
Commenting on the results, Deepak Nanda, Managing Director of Trident Ltd, said the company has demonstrated resilient performance despite challenging macroeconomic conditions. He emphasized the company’s strategic focus on sustainable growth, operational excellence and strengthening financial health. Nanda highlighted that Trident’s continued investment in innovative product lines and its alignment with global consumer trends, alongside favourable trade developments like the India–UK FTA and recent U.S. tariff adjustments, will support future growth.
In terms of segment performance, the yarn business contributed Rs 902 crore to revenue, while the home textile segment recorded Rs 948 crore. The paper and chemicals business brought in Rs 260 crore during the quarter.
Trident’s financial performance also reflected disciplined cost control and strategic investments. The company reported depreciation of Rs 93 crore and finance costs of Rs 31 crore (net of Rs 36.7 crore interest subsidy), compared to Rs 90 crore and Rs 3 crore, respectively, in the previous quarter. Profit before tax (PBT) stood at Rs 188 crore, up 9.32% QoQ and 84.06% YoY, with a PBT margin of 10.87%.
