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Trident reports decline in production across businesses in November

Except for paper, the production volume of bath linen, bed linen and yarn rose up to 15 percent month-on-month compared to October 2022.

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By CNBCTV18.com December 12, 2022, 1:17:46 PM IST (Published)

2 Min Read
Trident reports decline in production across businesses in November


Textiles and chemicals manufacturer Trident Ltd. reported a nearly 35 percent decline in production volume year-on-year in November 2022, led by a sharp fall in bed linen and yarn output.


The company said that its bath linen production volume declined by 7.52 percent year-on-year to 4,533 metric tonnes (MT) in November 2022 compared to 4,902 MT in the year-ago period.


Bed Linen volume dropped 35 percent to 2.21 million metres (MM) in November 2022 from 3.4 MM a year ago while yarn output declined 24 percent to 8,242 MT in the month from 10,894 MT a year ago.


Paper production also declined by nearly 7 percent to 12,061 MT in the month under review from 12,962 MT in the year-ago period.


However, chemical production rose by 3.23 percent to 9,164 MT in November 2022 from 8,877 MT a year ago, while on a monthly basis the output jumped nearly threefold from 3,173 MT in October 2022.


Except for paper, the production volume of bath linen, bed linen, and yarn rose up to 15 percent month-on-month compared to October 2022.


The Ludhiana-headquartered textiles maker announced this month that it received a patent for the ‘Fabric and Method of Manufacturing Fabric’ from the Patent Office India.


Trident Ltd. is the flagship company of the USD 3 billion conglomerate Trident Group. Trident is a vertically integrated textile (Yarn, Bath & Bed Linen) and Paper (Wheat Straw-based) manufacturer.


The company operates in three major business segments: textiles, paper, and chemicals. It has manufacturing facilities in Punjab and Madhya Pradesh.


Trident Ltd. reported a 15 percent decline in sales to Rs 14,37.67 crore in the September quarter compared to Rs 16,91.59 crore in the year-ago period. Its profit dropped sharply to Rs 37.39 crore from Rs 234.59 crore in the year-ago quarter.


Shares of Trident Ltd. are trading at Rs 36.60, up nearly 1 percent.

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