India's textile maker Trident falls on Q3 profit slump

Trident

27/01/2025 04:01

** Shares of textile and paper co Trident  TRIE.NS  down
5.56% to 29.38 rupees
    ** Stock set for biggest one-day pct decline since May 2024
    ** Co, which supplies to major retailers such as Walmart
 WMT.N , reports 27% decline in Q3 profit on inflation-led cool
down in demand; revenue drops 9%
    ** Including session's loss, stock extends 12-month decline
to 38.3%


 (Reporting by Ananta Agarwal in Bengaluru)
 ((Ananta.Agarwal@thomsonreuters.com))