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Trident’s Q4 net profit up 63 per cent

Trident’s net profit jumped 63.6 per cent for the fourth quarter ended March 2017. Revenues for the home textiles and paper products maker were up 36 per cent for the quarter under consideration.

The revenue growth was led by 40 per cent growth in the home textile segment in the fourth quarter of 2017 compared to same quarter last year, as a result of sustained focus and efforts on marketing, designing and product innovation.

For the year 2016-17, net profit was up 39 per cent while net revenue grew 29 per cent compared to the previous fiscal. Apart from headwinds pertaining to rupee appreciation and global uncertainties, Trident foresees buoyant times for its stakeholders.

Trident's customer base spans the likes of Ralph Lauren, JC Penney, Target, Wal-Mart, Macy's, Kohl’s, Sears, Sam's Club, Burlington, etc. Exports account for about 55 per cent of its total sales. Trident exports its textile products to nearly 70 countries across the globe.

Trident has an installed capacity of 5.55 lakh spindles and 5,500 rotors capable of manufacturing 1,15,200 tons a year of cotton, compact and blended yarns. It has ten manufacturing units. The product range services the needs of the knitting, weaving, denim, hosiery, shirting and suiting segments.

 
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