TRIDENT

** 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)

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Jan 24 (Reuters) - India's Trident TRIE.NS reported a decline in third-quarter profit on Friday, as inflationary pressures hindered demand for textiles during the festive season.

The textiles maker reported consolidated net profit of 797 million rupees ($9.24 million) for the three months ended Dec. 31, down 27% from a year ago.

Trident, which supplies home textiles to major global retailers such as Walmart WMT.N, Target TGT.N, IKEA, and JC Penney, reported a 9% fall in revenue to 16.67 billion rupees.

Revenue fell across all four of Trident's segments. Sales from its yarn segment, accounting for 41% of total revenue, fell 5%, while sales in the towel, bedsheets and paper and chemicals segments fell 10%, 13% and 17% respectively.

The fall in demand comes despite the third quarter coinciding with the country's festive season, where retailers typically mark a boost in demand as consumers splurge on products.

Persistent inflationary pressures have been dampening textile sales, reducing consumer demand and discretionary spending, said analysts at Antique Stock Broking.

India's retail inflation accelerated to 6.21% in October, and although the following two months showed a slowdown, the figure remained well above the central bank's medium-term target of 4%.

The fall in revenue also outweighed expenses, which declined about 7.2% to 15.79 billion rupees, mainly due to lower raw material costs.

($1 = 86.2240 Indian rupees)

(Reporting by Ashna Teresa Britto; Editing by Varun H K)

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Jan 14 (Reuters) - Trident Ltd TRIE.NS:

• TRIDENT LTD - TRIDENT GROUP ENTERPRISES ACQUIRES THTL TRADING

• TRIDENT LTD - COST OF ACQUISION IS AED 38,500

Source text: ID:nBSE5v5nl5

Further company coverage: TRIE.NS

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Dec 9 (Reuters) - Trident Ltd TRIE.NS:

• PLANS TO INVEST AN ADDITIONAL 30 BILLION RUPEES IN MADHYA PRADESH'S TEXTILE SECTOR

• GROUP TO INCREASE EMPLOYMENT FROM 12,000 TO OVER 15,000

Source text: ID:nBSE6sjZVP

Further company coverage: TRIE.NS

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Nov 6 (Reuters) - Trident Ltd TRIE.NS:

• TRIDENT Q2 CONSOL NET PROFIT 831.9 MILLION RUPEES

• TRIDENT Q2 CONSOL REVENUE FROM OPERATIONS 17.13 BILLION RUPEES

• TRIDENT - APPOINTMENT OF AVNEESH BARUA AS CFO

Source text: ID:nnAPN2DGHIH

Further company coverage: TRIE.NS

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** Shares of Indian textile companies and garment makers surge between 3-11%

** Welspun Living WLSP.NS climbs 9%, Trident TRIE.NS up 8%, Gokaldas Exports GOKL.NS jumps 11%

** KPR Mill KPRM.NS rises 6%, Arvind ARVN.NS gains 4.3%, Arvind Fashions ARVF.NS is up 3.5%, Go Fashion GOFA.NS gains 3%

** Political unrest in Bangladesh is expected to disrupt the country's clothing industry, potentially affecting global apparel retailers

** Bangladesh was the third-largest clothing exporter in the world last year

** There are some hopes that because of political unrest, big brands outsourcing their manufacturing in Bangladesh may see India as an option - Pratik Tholiya, analyst with Systematix

** Some of the business may come to India. But, the manufacturing setup in India is not as robust as Bangladesh - Tholiya

(Reporting by Sethuraman NR in Bengaluru)

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BENGALURU, July 24 (Reuters) - Indian textiles firm Trident TRIE.NS reported a 21% fall in its first-quarter profit on Wednesday as it struggled to keep a tight lid on expenses amid rising cotton prices.

The company supplies to stores including Shoppers Stop SHOP.NS, DMart AVEU.NS and online retailers Flipkart and Myntra.

Cost of cotton, a key raw material for Trident, has been elevated for more than a year, hurting profits.

Trident reported a consolidated net profit of 737.3 million rupees ($8.8 million) for the quarter ended June 30, compared with 934 million rupees a year earlier.

The company's revenue from operations rose 17% to 17.43 billion rupees during the quarter from a year ago.

However, cost of raw materials rose nearly 18% during the quarter, causing a near 20% surge in total expenses.

This ate into the company's profit.

Trident's core yarn segment, the key revenue contributor, saw a 49% surge in revenue. The smaller paper and chemicals segment saw a near 5% drop in revenue, as paper prices continued to be under pressure due to heavy imports.

Shares of Trident closed 1.3% higher ahead of results.

($1 = 83.6810 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru; Editing by Mrigank Dhaniwala)

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June 11 (Reuters) - Trident Ltd TRIE.NS:

• UNIT TRIDENT HOME TEXTILES HAS MADE FURTHER INVESTMENT IN SUBSIDIARY TRIDENT GLOBAL B.V

• 15000 ORDINARY SHARES OF TRIDENT GLOBAL B.V. ACQUIRED AT EURO 1 EACH PER SHARE

Further company coverage: TRIE.NS

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June 6 (Reuters) - Trident Ltd TRIE.NS:

• TRIDENT LTD - UPDATE ON FIRE ACCIDENT IN MANUFACTURING FACILITIES AT DHAULA, PUNJAB

• TRIDENT LTD - FIRE RESULTED IN MAJOR DAMAGE TO RAW MATERIAL AND ADJACENT AREAS

• TRIDENT LTD - NO CASUALTIES WERE REPORTED AND THERE HAS BEEN NO DAMAGE TO PLANT & MACHINERY

• TRIDENT LTD - OPERATIONS WERE SUSPENDED AS PRECAUTIONARY MEASURE AND ARE RESUMED TODAY

• TRIDENT LTD - ACTUAL QUANTUM OF LOSS / DAMAGE IS BEING ASCERTAINED

Source text for Eikon: ID:nBSEXD7Lx

Further company coverage: TRIE.NS

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** 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)

(([email protected] ; ( +91 8078332441))

May 20 (Reuters) - Trident Ltd TRIE.NS:

• COMMISSIONED ADDITIONAL CAPACITY OF 5.9 MWP ROOFTOP SOLAR POWER PROJECT AT BUDHNI, MADHYA PRADESH

• TOTAL INSTALLED CAPACITY OF SOLAR POWER PLANT AT BUDHNI FACILITY, MADHYA PRADESH HAS REACHED 40.9 MWP

Further company coverage: TRIE.NS

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May 7 (Reuters) - Trident Ltd TRIE.NS:

• TO CONSIDER RAISING OF FUNDS

Source text for Eikon: ID:nBSEbcb4Xq

Further company coverage: TRIE.NS

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May 3 (Reuters) - Trident Ltd TRIE.NS:

• COMMISSIONED ADDITIONAL CAPACITY OF 5.5 MWP ROOFTOP SOLAR POWER PROJECT AT MADHYA PRADESH

• TOTAL INSTALLED CAPACITY OF SOLAR POWER PLANT AT BUDHNI FACILITY, MADHYA PRADESH HAS REACHED 35.0 MWP

Further company coverage: TRIE.NS

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April 10 (Reuters) - Trident Ltd TRIE.NS:

• COMMISSIONED CAPACITY OF 1.1 MWP SOLAR POWER PROJECT AT BUDHNI, MADHYA PRADESH

• TOTAL INSTALLED CAPACITY OF ROOF TOP SOLAR POWER PLANT REACHED 29.5 MWP

Source text for Eikon: ID:nBSE3gRvY2

Further company coverage: TRIE.NS

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** Shares of Trident TRIE.NS up 5.9% at 38.7 rupees

** The textiles maker said on Saturday that it has increased the capacity of its bath linen business in Madhya Pradesh state

** Co added 42 more looms, with an investment of 1.32 bln rupees ($15.8 mln)

** Including session's gain, stock is up 6.5% YTD

($1 = 83.3690 Indian rupees)

(Reporting by Navamya Ganesh Acharya in Bengaluru)

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March 29 (Reuters) - Trident Ltd TRIE.NS:

• TRIDENT LTD - COMPANY HAS FULLY REDEEMED NON-CONVERTIBLE DEBENTURES AGGREGATING TO 250 MILLION RUPEES

Source text for Eikon: ID:nBSE6zc4kT

Further company coverage: TRIE.NS

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Feb 20 (Reuters) - Trident Ltd TRIE.NS:

• APPOINTED SAMIR JOSHIPURA AS CHIEF EXECUTIVE OFFICER

Further company coverage: TRIE.NS

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Adds currency in paragraph 2

BENGALURU, Feb 6 (Reuters) - Indian textiles firm Trident Ltd TRIE.NS posted a nearly 25% drop in its third-quarter profit, hurt by a rise in expenses, even as consumers bought more home linen during the festive season.

Trident - which counts cotton as its primary raw material - said its total expenses jumped 16% for the quarter ended Dec.31, with costs of raw materials climbing about 9%. This ate into its profit, which fell to 1.09 billion rupees.

Shares of Trident - which supplies products to department stores such as Shoppers Stop SHOP.NS, D-Mart AVEU.NS and Walmart WMT.N - closed 2.6% lower after the results.

India's festive season coincided with the third quarter, with consumers spending more on home linen items such as bedsheets. This helped Trident report a 12% jump in revenue to 18.35 billion rupees ($220.99 million).

The company, which is also engaged in manufacturing paper and chemicals, said revenue from its yarn and bedsheets segment rose about 25% and 36%, respectively, while its towels division fell 8%.

All three segments made up 86% of the total revenue.

($1 = 83.0343 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru; Editing by Sonia Cheema)

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Feb 5 (Reuters) - Trident Ltd TRIE.NS:

• TRIDENT HOME TEXTILES MADE FURTHER INVESTMENT IN ITS UNIT TRIDENT GLOBAL B.V.

Source text for Eikon: ID:nBSE79wX0Z

Further company coverage: TRIE.NS

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** Shares of Trident Ltd TRIE.NS rise as much as 14.9% to 47 rupees; highest level since June 3, 2022

** About 20.8 mln shares of the textiles maker change hands in 29 block deals in the 42-46.4 rupees/share range - about 2.6%-13.4% premium to stock's last close

** Stock last up 12%, set for best one-day rise in over three years if current gains hold

** TRIE set to rise for seventh straight session, gaining 14.1% in the last six sessions

** Trading volume is 17.7x the 30-day daily avg, highest in nearly 7.5 years

** Volume above 270 mln for the first time in 3 years

** Stock rose 6% in 2023 after losing 35.8% in 2022

(Reporting by Anuran Sadhu in Bengaluru)

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Dec 29 (Reuters) - Trident Ltd TRIE.NS:

• EXISTING CAPACITY OF YARN BUSINESS AT BUDHNI, MADHYA PRADESH, HAS BEEN ENHANCED WITH EFFECT FROM DEC 29

• INVESTMENT FOR 8.3 BILLION RUPEES

Source text for Eikon: ID:nBSEbXZBSk

Further company coverage: TRIE.NS

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Dec 6 (Reuters) - Trident Ltd TRIE.NS:

• APPOINTED MANISH BHATIA AS CFO

Source text for Eikon: ID:nBSE3Hf5Pk

Further company coverage: TRIE.NS

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Nov 28 (Reuters) - Trident Ltd TRIE.NS:

• AVNEESH BARUA RESIGNS AS CHIEF FINANCIAL OFFICER

Source text for Eikon: ID:nBSE4tsTgV

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** Shares of Trident Ltd TRIE.NS rise as much as 9.2% to 39.75 rupees, their biggest intraday pct gain since Sept 5

** The textiles maker's Sept-quarter profit more than doubles as revenue rises to its highest in six quarters, outpaces rise in expenses

** Over 11.2 mln shares change hands, 1.2x the 30-day avg volume

** Trident stock up 11.2%, YTD

(Reporting by Nandan Mandayam in Bengaluru)

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Nov 14 (Reuters) - Trident Ltd TRIE.NS:

• INDIA'S TRIDENT SEPT-QUARTER CONSOL NET PAT 903.1 MILLION RUPEES VERSUS 373.9 MILLION RUPEES

• TRIDENT SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 17.98 BILLION RUPEES VERSUS 14.38 BILLION RUPEES

Source text for Eikon: ID:nBSEQkQz0

Further company coverage: TRIE.NS

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Nov 7 (Reuters) - Trident Ltd TRIE.NS:

• TRIDENT LTD - GRANTED PATENT FOR "WET PROCESSING TECHNIQUE FOR PRODUCING TERRY FABRICS" BY U.S. PATENT & TRADEMARK OFFICE

Source text for Eikon: ID:nBSE655vXG

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Oct 27 (Reuters) - Trident Ltd TRIE.NS:

• COMMISSIONED REMAINING CAPACITY OF 1.06 MW SOLAR POWER PROJECT

• TOTAL CAPACITY OF ROOF TOP SOLAR POWER PROJECT WILL BE 10.56 MW

Source text for Eikon: ID:nBSE7Cv3q8

Further company coverage: TRIE.NS

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Oct 18 (Reuters) - Trident Ltd TRIE.NS:

• TRIDENT LTD - INCOME TAX DEPARTMENT IS CONDUCTING SEARCH AT PREMISES/ PLANTS OF CO, SINCE OCTOBER 17

• TRIDENT LTD - ENTIRE IT ASSETS OF ALL SENIOR OFFICIALS ARE UNDER CONTROL OF INCOME TAX DEPARTMENT

Source text for Eikon: ID:nBSE510SD7

Further company coverage: TRIE.NS

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** Shares of Trident TRIE.NS fall as much as 3.10% to 36 rupees apiece

** Slide after reports said income tax department is conducting raids at the co's facilities across India

** TRIE yet to respond to Reuters' queries seeking confirmation

** TRIE up 6% YTD

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463))

Oct 3 (Reuters) - Trident Ltd TRIE.NS:

• TRIDENT LTD - COMMISSIONED NEW ROOFTOP SOLAR POWER PROJECT OF 9.50 MWP CAPACITY AT MADHYA PRADESH

Source text for Eikon: ID:nBSE9CsC7g

Further company coverage: TRIE.NS

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