Home / Knowledge / News / Textiles / Trident's home textiles topline up 40% in Q4 FY17
Trident's home textiles topline up 40% in Q4 FY17
11
May '17
Topline increased by 40 per cent year-on-year in the fourth quarter of fiscal 2016-17 to Rs 1055.8 crore at Trident Limited, flagship company of $1 billion Trident Group and a leading manufacturer and exporter of home textiles and paper products. EBITDA increased by 26.9 per cent to Rs 180.1 crore in Q4 FY17 compared to Rs 141.9 crore in Q4 FY16.

The increase in topline in home textiles segment was driven by strong volume growth in terry towels and yarn across markets as a result of sustained focus and efforts on marketing, designing as well as product innovation, the company said while announcing its financial results for the fourth quarter and financial year ended March 31, 2017.

“Healthy traction in bed linen segment, in both international as well as domestic market further supported this momentum,” Trident said.

As a result of 40 per cent growth in home textiles segment, net revenue of Trident increased 36 per cent to Rs 1330 crore in Q4 FY17, compared to Rs 978 crore in the corresponding quarter of last financial year.

Commenting on the performance, Rajinder Gupta, chairman at Trident Group, said, “Our strategic initiatives of expanding our global footprint and widening our product offerings in the home textile space, helped us yield desired results.”

“Going forward, our focus remains on utilising bed and bath capacities, generating free cash flow and improving our return ratios. There might be some headwinds pertaining to rupee appreciation and global uncertainties, but overall we foresee buoyant times for our stakeholders as we strive to create value for them,” he added. (RKS)

Fibre2Fashion News Desk – India


Must ReadView All

Pakistan’s FBR imposes 5% sales tax on cotton import

Textiles | On 21st Jul 2018

Pakistan’s FBR imposes 5% sales tax on cotton import

Pakistan’s Federal Board of Revenue recently withdrew sales tax...

Bangladesh drafts policy for Tk1,000 cr govt jute fund

Textiles | On 21st Jul 2018

Bangladesh drafts policy for Tk1,000 cr govt jute fund

Bangladesh will set up a Tk10,000-crore Jute Sector Development Fund...

Cross-border e-com pilot zones in 22 Chinese cities

Apparel/Garments | On 21st Jul 2018

Cross-border e-com pilot zones in 22 Chinese cities

As part of its ‘firm commitment’ to open up, China has identified 22...

Interviews View All

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Top executives
Textile & apparel bodies

The mid-term review of FTP is progressive, growth oriented

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Shivani Swamy

The Livinguard Technology is owned by Green Impact Holding AG based in...

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


July 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search