India's Trident slips on Q4 profit drop

Trident

21/05/2024 05:35

** Shares of Trident  TRIE.NS  fall 6% to 38.1 rupees
    ** The textile retailer posted a 56% drop in Q4 consolidated
net profit to 566.1 mln rupees ($6.8 million) as demand for its
bedsheets, paper and towel products fall
    ** More than 10.8 mln shares change hands, 1.2x its 30-day
avg
    ** Stock down 3% so far in May



($1 = 83.3270 Indian rupees)

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))