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

Trident

24/07/2025 12:31

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July 24 (Reuters) - Indian textiles firm Trident TRIE.NS reported a nearly 90% 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.

A marginal 2% decline in revenue for Trident, which supplies home textiles to major global retailers such as Walmart WMT.N and Target TGT.N, was overshadowed by a 7% decline in expenses.

($1 = 86.3930 Indian rupees)

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

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