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Trident Q4 FY26 results: net profit down 23.6% to ₹101.98 crore, revenue down 12.4%
Trident Limited reported consolidated Q4 FY26 revenue of ₹1,633 crore, down 12.4% from Q4 FY25, while net profit fell 23.6% to ₹101.98 crore. Sequentially, revenue rose 3.7% and net profit rose 130.5% from Q3 FY26, while EBITDA margin increased 5.3 percentage points to 13.9%.
Key points
- Consolidated Q4 FY26 revenue was ₹1,633 crore, down 12.4% from ₹1,864 crore in Q4 FY25.
- Consolidated Q4 FY26 EBITDA was ₹227.32 crore, down 7.2%, while EBITDA margin was 13.9%, up 0.8 percentage points year on year.
- Net profit was ₹101.98 crore, down 23.6% from Q4 FY25 but up 130.5% from Q3 FY26; basic EPS was ₹0.2.
- For FY26, revenue was ₹6,701.05 crore, down 4.1%, while profit before tax was ₹512.01 crore, up 7.9%.
- The board approved an interim dividend of INR 0.50 per fully paid equity share and recommended raising up to INR 500 Crore through non-convertible debentures.
How did Trident perform in Q4 FY26?
Trident’s consolidated Q4 FY26 revenue was ₹1,633 crore, down 12.4% from ₹1,864 crore in Q4 FY25. EBITDA was ₹227.32 crore, down 7.2%, and EBITDA margin rose 0.8 percentage points to 13.9%. Profit before tax was ₹142.95 crore, down 16.7%, while net profit was ₹101.98 crore, down 23.6%.
Against Q3 FY26, revenue increased 3.7% to ₹1,633 crore from ₹1,574 crore and EBITDA increased 67.4% to ₹227.32 crore from ₹135.78 crore. The EBITDA margin rose 5.3 percentage points to 13.9%, while net profit increased 130.5% to ₹101.98 crore from ₹44.24 crore. Basic EPS was ₹0.2, compared with ₹0.09 in the previous quarter and ₹0.25 in Q4 FY25.
On a standalone basis, Q4 FY26 revenue was ₹1,629.96 crore, down 12.3%, and profit after tax was ₹102.04 crore, against profit before tax of ₹131.84 crore. The reported quarterly figures above are consolidated.
| ₹ crore | Q4 FY26 | Q3 FY26 | Q4 FY25 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 1,633 | 1,574 | 1,864 | −12.4% | +3.7% |
| Other income | 17.58 | 20.45 | 19.02 | −7.6% | −14.0% |
| Total expenses | 1,507 | 1,536 | 1,712 | −11.9% | −1.9% |
| EBITDA | 227.32 | 135.78 | 245.05 | −7.2% | +67.4% |
| EBITDA margin | 13.9% | 8.6% | 13.1% | +0.8 pp | +5.3 pp |
| Profit before tax | 142.95 | 58.77 | 171.71 | −16.7% | +143.2% |
| Tax | 44.46 | 17.55 | 38.29 | +16.1% | +153.3% |
| Net profit | 101.98 | 44.24 | 133.42 | −23.6% | +130.5% |
| EPS (₹) | 0.20 | 0.09 | 0.25 | −20.0% | +122.2% |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in Trident's costs and profit?
Compared with Q4 FY25, total expenses fell ₹204.49 crore to ₹1,507 crore. Cost of materials decreased ₹79.03 crore to ₹811.67 crore, employee cost fell ₹33.59 crore to ₹205.64 crore, depreciation declined ₹20.02 crore to ₹69.74 crore, and other expenses were lower by ₹13.46 crore at ₹401.37 crore.
Finance costs rose ₹29.61 crore to ₹32.21 crore from ₹2.60 crore, while other income fell ₹1.44 crore to ₹17.58 crore. Tax expense increased ₹6.17 crore to ₹44.46 crore from ₹38.29 crore. There was no exceptional item in either quarter, and the filing did not state reasons for the movements in these cost lines.
Against Q3 FY26, total expenses fell ₹28.98 crore to ₹1,507 crore. Employee cost declined ₹10.63 crore to ₹205.64 crore and depreciation fell ₹2.15 crore to ₹69.74 crore, while finance costs rose ₹6.64 crore to ₹32.21 crore and other expenses increased ₹30.26 crore to ₹401.37 crore. Tax expense was ₹44.46 crore, up ₹26.91 crore from ₹17.55 crore.
| ₹ crore | Q4 FY26 | Q4 FY25 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 811.67 | 890.70 | −79.03 | −8.9% |
| Employee cost | 205.64 | 239.23 | −33.59 | −14.0% |
| Finance costs | 32.21 | 2.60 | +29.61 | +1138.8% |
| Depreciation | 69.74 | 89.76 | −20.02 | −22.3% |
| Other expenses | 401.37 | 414.83 | −13.46 | −3.2% |
| Total expenses | 1,507 | 1,712 | −204.49 | −11.9% |
| Other income | 17.58 | 19.02 | −1.44 | −7.6% |
| Tax | 44.46 | 38.29 | +6.17 | +16.1% |
Source: Company's results filing (XBRL).
How did Trident do in FY26 as a whole?
For FY26, Trident reported consolidated revenue of ₹6,701.05 crore, down ₹286.03 crore or 4.1% from ₹6,987.08 crore in FY25. Total income declined ₹272.07 crore or 3.9% to ₹6,775.16 crore from ₹7,047.23 crore.
Profit before tax for FY26 was ₹512.01 crore, up ₹37.46 crore or 7.9% from ₹474.55 crore in FY25. Net profit was ₹377.11 crore, up ₹6.38 crore or 1.7% from ₹370.73 crore, while EPS increased from ₹0.73 to ₹0.74.
| ₹ crore | FY26 | FY25 | Change |
|---|---|---|---|
| Revenue from operations | 6,701 | 6,987 | −4.1% |
| Profit before tax | 512.01 | 474.55 | +7.9% |
| Net profit | 377.11 | 370.73 | +1.7% |
| EPS (₹) | 0.74 | 0.73 | +1.4% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 31 March 2026, total assets were ₹7,536.83 crore, compared with ₹7,218.43 crore at 30 September 2025. Total equity rose to ₹4,771.42 crore from ₹4,618.9 crore, while borrowings increased to ₹1,767.77 crore from ₹1,548.11 crore. Cash was ₹30.86 crore, compared with ₹33.9 crore.
Inventories increased to ₹1,204.75 crore from ₹964.89 crore, while trade receivables fell to ₹246.87 crore from ₹299.05 crore. Trade payables declined to ₹364.72 crore from ₹374.52 crore. For FY26, operating cash flow was ₹760.18 crore, compared with ₹944.68 crore in FY25.
FY26 investing cash flow was -₹676.46 crore, compared with -₹205.13 crore in FY25, and financing cash flow was -₹136.66 crore against -₹682.15 crore. Capital expenditure was ₹315.82 crore, up from ₹229.64 crore in FY25.
| ₹ crore | As of 31 March 2026 | As of 30 September 2025 |
|---|---|---|
| Total assets | 7,537 | 7,218 |
| Total equity | 4,771 | 4,619 |
| Borrowings | 1,768 | 1,548 |
| Cash and equivalents | 30.86 | 33.90 |
| Inventories | 1,205 | 964.89 |
| Trade receivables | 246.87 | 299.05 |
Source: Company's results filing (XBRL).
| ₹ crore | FY26 | FY25 |
|---|---|---|
| Cash from operations | 760.18 | 944.68 |
| Cash from investing | −676.46 | −205.13 |
| Cash from financing | −136.66 | −682.15 |
| Capital expenditure | 315.82 | 229.64 |
Source: Company's results filing (XBRL).
How has Trident done over the last 8 quarters?
Revenue reached its highest level in the reported period in Q4 FY25 at ₹1,864.34 crore and its lowest in Q3 FY26 at ₹1,574.46 crore. It rose to ₹1,632.53 crore in Q4 FY26, remaining below the year-ago quarter.
Net profit peaked at ₹139.96 crore in Q1 FY26 and bottomed at ₹44.24 crore in Q3 FY26. It recovered to ₹101.98 crore in Q4 FY26. EBITDA margin also moved from its low of 8.6% in Q3 FY26 to 13.9% in the latest quarter.
Which businesses drove the quarter?
Yarn revenue was ₹851.25 crore, down 6.3% from ₹908.28 crore in the year-ago quarter, while EBIT was ₹66.78 crore against ₹58.40 crore. The reported EBIT margin was 7.8%.
Towel revenue fell 20.2% to ₹601.12 crore from ₹752.86 crore, while EBIT increased to ₹81.59 crore from ₹61.64 crore. Bedsheets revenue fell 33.2% to ₹210.57 crore from ₹315.14 crore, with EBIT of ₹26.85 crore against ₹31.03 crore.
Paper and chemicals revenue rose 10.6% to ₹296.83 crore from ₹268.39 crore, while EBIT was ₹56.19 crore against ₹59.79 crore. The reported EBIT margin was 18.9%.
| Segment | Revenue | Revenue YoY | EBIT | EBIT margin |
|---|---|---|---|---|
| Yarn | 851.25 | −6.3% | 66.78 | 7.8% |
| Yarn | 851.25 | −6.3% | 66.78 | 7.8% |
| Towel | 601.12 | −20.2% | 81.59 | 13.6% |
| Towel | 601.12 | −20.2% | 81.59 | 13.6% |
| Bedsheets | 210.57 | −33.2% | 26.85 | 12.8% |
| Bedsheets | 210.57 | −33.2% | 26.85 | 12.8% |
| Paper and chemicals | 296.83 | +10.6% | 56.19 | 18.9% |
| Paper and chemicals | 296.83 | +10.6% | 56.19 | 18.9% |
Source: Company's results filing (XBRL segment data).
What else did the company announce?
On 19 May 2026, the board approved the audited standalone and consolidated results and declared a first interim dividend for FY 2026-27 of INR 0.50 per fully paid equity share of INR 1 each. The record date was fixed as 23 May 2026.
The board recommended raising funds not exceeding INR 500 Crore by issuing non-convertible debentures through a public or private offering in one or more tranches, subject to shareholder approval. It also re-appointed Ramanath Iyer & Co as cost auditors and Mahajan & Aibara Associates and Deloitte Touche Tohmatsu India LLP as internal auditors for FY 2026-27.
The company proposed re-appointing Deepak Nanda as Managing Director for three years from 5 September 2026 to 4 September 2029, subject to shareholder approval. The board also decided not to proceed with the proposed domestic wholly owned subsidiary, stating that it was presently not required after reviewing business structure, operational requirements and overall business considerations.
How did Trident shares react?
Trident’s shares were down 1.3% five minutes after the after-market filing, then up 0.1% after 15 and 30 minutes. The reaction-day close was down 0.7% from the pre-results close of ₹24.33. By the next day's close, the stock was up 1.2% from that close, and by the fifth session it was up 1.4%.
Earlier results-day moves were mixed: 2.8% on 9 February 2026, -1.4% on 13 November 2025, -0.2% on 24 July 2025, 13.3% on 21 May 2025, -4.0% on 24 January 2025 and -4.8% on 18 May 2024.
| After the filing | Stock | Other Textile Products median |
|---|---|---|
| 5 minutes | −1.3% | |
| 15 minutes | +0.1% | |
| 30 minutes | +0.1% | |
| Reaction day | −0.7% | −0.3% |
| Next day | +1.2% | −0.1% |
| 5 days | +1.4% | −0.2% |
Minutes are measured from the price when the filing appeared; days from the previous close. Source: MarketPing price-reaction measurement.
| Results filed on | Stock on the reaction day |
|---|---|
| 9 February 2026 | +2.8% |
| 13 November 2025 | −1.4% |
| 24 July 2025 | −0.2% |
| 21 May 2025 | +13.3% |
| 24 January 2025 | −4.0% |
| 18 May 2024 | −4.8% |
Source: MarketPing price-reaction measurement.
How did other Other Textile Products companies do?
Among 191 other Other Textile Products companies compared, the median revenue growth was 1.4%. Of these companies, 48 grew more slowly than Trident and 143 grew faster than Trident.
Of the 206 companies for which profit was compared, 105 reported higher profit. The peer comparison was recorded as of 5 November 2026.
| Trident revenue growth (YoY) | −12.4% |
|---|---|
| Median of 191 other Other Textile Products companies | +1.4% |
| Companies with slower revenue growth than Trident | 48 of 191 |
| Companies with faster revenue growth than Trident | 143 of 191 |
| Companies whose net profit rose | 105 of 206 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Trident's revenue in Q4 FY26?
Revenue from operations was ₹1,633 crore, down 12.4% from ₹1,864 crore in Q4 FY25 (consolidated).
Did Trident make a profit in Q4 FY26?
Yes. Net profit was ₹101.98 crore, against a net profit of ₹133.42 crore in Q4 FY25.
What was Trident's EPS in Q4 FY26?
Basic earnings per share were ₹0.20, against ₹0.25 in Q4 FY25.
How did Trident shares react to the Q4 FY26 results?
On the reaction day the stock moved −0.7% from the previous close; the median Other Textile Products stock moved −0.3%.
When did Trident announce its Q4 FY26 results?
On 19 May 2026, in a filing to the NSE.
Sources
- Board Meeting Intimation for Consideration And Approval Of The Audited Financial Results (Standalone And Consolidated) Of The Company For The Quarter And Year Ended March 31, 2026, Declaration Of The 1St Interim Dividend For The Financial Year 2026-27 And Fund Raising (BSE, 12 May 2026) · PDF
- Outcome of Board Meeting (NSE, 19 May 2026) · PDF
- Board Meeting Outcome for Outcome Of Board Meeting (BSE, 19 May 2026) · PDF
- Audited Financial Results (Standalone And Consolidated) Of The Company For The Quarter And Financial Year Ended March 31, 2026 (BSE, 19 May 2026) · PDF
- Corporate Action-Board approves Dividend (BSE, 19 May 2026) · PDF
- Re-Appointment Of The Internal Auditor And Cost Auditor (BSE, 19 May 2026) · PDF
- Announcement under Regulation 30 (LODR)-Change in Directorate (BSE, 19 May 2026) · PDF
- Outcome of Board Meeting (NSE, 19 May 2026) · PDF
- Outcome of Board Meeting (NSE, 19 May 2026) · PDF
- Dividend (NSE, 19 May 2026) · PDF
- Outcome of Board Meeting (NSE, 19 May 2026) · PDF
- Change in Auditors (NSE, 19 May 2026) · PDF
- Change in Director(s) (NSE, 19 May 2026) · PDF
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
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