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

Two slabs of GST will affect Bengaluru garment units: SIGA

Apparel/Garments | On 23rd Jan 2018

Two slabs of GST will affect Bengaluru garment units: SIGA

The South India Garment Association (SIGA) has voiced its concern...

US FTC updates textile rules to drop obsolete requirement

Textiles | On 23rd Jan 2018

US FTC updates textile rules to drop obsolete requirement

The US Federal Trade Commission has eliminated an obsolete provision...

Indian textile industry at inflection point: Report

Textiles | On 23rd Jan 2018

Indian textile industry at inflection point: Report

The textile and apparel sector of India is at an inflection point...

Interviews View All

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Top executives
Fashion houses, India

With technology, it has become easier to ensure IPR

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

C Dhandayuthapani

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

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Giorgio Mantovani
Corman S.p.A

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

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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

January 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.1%
No
13.4%
Skip
17.5%

Total Votes: 97

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.9%
No
28.9%
Skip
7.2%

Total Votes: 97

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.6%
No
9.3%
Skip
3.1%

Total Votes: 97

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
8.2%
Skip
9.3%

Total Votes: 97


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search