Global Apparel Market – An Overview | Watch NOW! | Ad
Home / Knowledge / News / Textiles / Trident's home textiles topline up 40% in Q4 FY17
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

Must ReadView All

Sri Lanka reduces VAT on imported fabric to 5%

Textiles | On 24th Sep 2018

Sri Lanka reduces VAT on imported fabric to 5%

Considering the requests made by the stakeholders in the fabric...

E-com firms in India to deduct 1% TCS under GST from Oct 1

Apparel/Garments | On 24th Sep 2018

E-com firms in India to deduct 1% TCS under GST from Oct 1

E-commerce companies in India will have to deduct 1 per cent tax...

Courtesy: Andritz

Textiles | On 24th Sep 2018

'Strength of economy, demographics drive nonwovens demand'

The strength of the economy and demographic trends are the main...

Interviews View All

Headhonchos, Indian fashion industry

Indian fashion industry

Organic the first choice of any environment-conscious person

Saket Garg, Garg Corporation

Saket Garg
Garg Corporation

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

Top executives, Textile & apparel bodies

Top executives
Textile & apparel bodies

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

Kamal Kulshreshth,

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Urmil Arya,

Urmil Arya

Sushila International, a well established textile organisation established ...

Carolin Russ,

Carolin Russ

Weko, Weitmann & Konrad GmbH & Co KG, based in south Germany, is...

Robert Erichsen, Statex Produktions & Vertriebs GmbH

Robert Erichsen
Statex Produktions & Vertriebs GmbH

Statex Produktions & Vertriebs Gmbh, founded in 1978 and headquartered ...

Ray Baughman, University of Texas -Dallas

Ray Baughman
University of Texas -Dallas

<div>A team of scientists and researchers have discovered twistrons,...

Silke Brand-Kirsch, Schlegel und Partner GmbH

Silke Brand-Kirsch
Schlegel und Partner GmbH

<div>Schlegel und Partner is the market research and consultancy company...

Yash P. Kotak, Bombay Hemp Company

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Robert Brunner, Devereux

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Priya Somaiya, Usha Social Services

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on

Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

September 2018

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

news category

Related Categories:

Advanced Search