Trident Q1 profit up 10%, board clears new subsidiary

On a consolidated basis, net profit after tax rose to ₹158.09 crore from ₹139.96 crore, with revenue from operations at ₹1,786.83 crore. The board also declared and paid an interim dividend of ₹0.50 per share during the quarter.

Trident’s stock traded at ₹25.51 on NSE on July 22, 2026, up 1.63% on the day. The scrip remains down about 16% over the past year against a near-flat Nifty 500. The company’s total market capitalisation stands at roughly ₹13,000 crore.

At the current market cap, the stock trades at about 21 times annualised consolidated profit – roughly ₹632 crore based on the quarterly run rate. The interim dividend of ₹0.50 per share yields about 2% at the current price. The yarn segment’s sharp profit improvement drove most of the earnings growth, while the new subsidiary signals Trident’s push to build its own brand overseas rather than relying solely on contract manufacturing or domestic sales. The stock’s 16% decline over the past year, despite the profit increase, suggests the market has priced in headwinds elsewhere – perhaps in the paper business or in wider textile demand. The company did not provide specific guidance for the coming quarters.