Prominent textiles company Trident Ltd has reported a 25 per cent increase in revenue during the September quarter, reaching Rs 17.97 crore compared to Rs 14.39 crore in the same period last year. The company's consolidated net profit for the quarter surged to Rs 90 crore from Rs 37 crore in the corresponding quarter of the previous fiscal year.
In addition to its financial growth, Trident achieved a significant milestone by securing a patent for 'Terry fabric weave and resulting terry fabric' from The Patent Office, Government of India. This patent will empower the company to produce towels with enhanced material efficiencies, pull resistance, absorbency, softness, and uniformity of texture.
As one of the major players in the home textile sector in India, Trident, based in Punjab, currently operates through 400 stores across the country. The company aims to double its store network in the coming year.