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Trident's home textiles topline up 40% in Q4 FY17
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

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