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India's Trident reports higher first-quarter profit on lower expenses

July 24 (Reuters) - Indian textiles firm Trident TRIE.NS reported a rise in first-quarter profit on Thursday, as lower raw material and employee costs offset a decline in sales.

The company reported a consolidated net profit of 1.4 billion rupees ($16.21 million) for the three months ended June 30, compared to 737 million rupees a year ago.

($1 = 86.3930 Indian rupees)

 (Reporting by Ananta Agarwal in Bengaluru; Editing by Eileen Soreng)

 ((Ananta.agarwal@thomsonreuters.com;))

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