Trident Limited Earnings Summary — Q4 FY2026
Trident Limited Reports Sequential Earnings Growth Despite Revenue Pressures
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue has increased for 3 consecutive quarters.
- Revenue of ₹1,787 Cr is 4.7% higher year-on-year.
- Revenue has compounded at 2.7% annualised over the last 10 quarters.
- Net profit has reached its highest level in 10 quarters.
- Net profit of ₹158 Cr is 13.0% above the same quarter last year.
- Profit growth is outpacing revenue growth, pointing to positive operating leverage.
- Net profit has compounded at 57.8% annualised across the period.
- Operating margin stands at 16.8% in Q1 FY2027.
- Operating margin compressed by 32 bps year-on-year.
- Over the last two years operating margin has expanded by 385 bps.
- PBT margin is 12.1%.
- Expenses grew 5.1% against revenue growth of 4.7%.
- Operating profit of ₹300 Cr is 2.7% higher year-on-year.
- Operating leverage has been under pressure recently.
- 3 of the last 6 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 66/100 (Healthy) on the latest 10 quarters.
- Business momentum remains positive heading into the next quarter.
Quarterly Financials
Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %
| Metric | Trend | Latest Q1 FY2027 | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Stable | 1,787 | 1,633 | 1,574 | 1,787 | 1,707 | 1,864 | 1,667 | 1,713 | 1,743 | 1,682 |
| Expenses | Stable | 1,487 | 1,405 | 1,439 | 1,573 | 1,415 | 1,619 | 1,453 | 1,487 | 1,517 | 1,477 |
| Operating Profit | Accelerating | 300 | 227 | 136 | 214 | 292 | 245 | 214 | 226 | 225 | 205 |
| Operating Margin | Accelerating | 16.8% | 13.9% | 8.6% | 12.0% | 17.1% | 13.1% | 12.8% | 13.2% | 12.9% | 12.2% |
| Other Income | Stable | 17 | 21 | 23 | 17 | 20 | 19 | 15 | 11 | 15 | 18 |
| Interest | Volatile | 30 | 32 | 26 | 25 | 31 | 3 | 35 | 46 | 47 | 49 |
| Depreciation | Softening | 70 | 70 | 72 | 83 | 93 | 90 | 93 | 92 | 92 | 96 |
| Profit Before Tax | Volatile | 216 | 146 | 62 | 124 | 188 | 172 | 102 | 99 | 102 | 78 |
| Tax | Volatile | 58 | 44 | 18 | 33 | 48 | 38 | 22 | 16 | 28 | 19 |
| Net Profit | Volatile | 158 | 102 | 44 | 91 | 140 | 133 | 80 | 83 | 74 | 57 |
| Net Margin | Volatile | 8.8% | 6.3% | 2.8% | 5.1% | 8.2% | 7.2% | 4.8% | 4.9% | 4.2% | 3.4% |
Key Takeaways
- Standalone revenue for Q4 FY26 grew 4.1% sequentially to ₹16,299.6 million, though it remains 12.3% lower compared to the same period last year.
- The board declared a 1st Interim Dividend of INR 0.50 per share (50%) for the upcoming FY2026-27.
- Management approved a significant fund-raising plan of up to ₹500 crore through the issuance of Non-Convertible Debentures (NCDs).
- Paper and Chemicals segment showed strong performance with quarterly revenue of ₹2,968.3 million and segment results of ₹561.9 million.
- Yarn remains the largest business segment contributing ₹8,512.3 million to quarterly revenue, showing relative stability compared to the prior quarter.
- The company decided against incorporating a previously planned domestic wholly-owned subsidiary, citing a lack of present requirement.
Management Guidance
The company is focusing on capital discipline through a ₹500 crore NCD fundraise and has re-appointed key management including Managing Director Deepak Nanda for a further three-year term to ensure leadership continuity.
Sentiment Shift
Improving
While YoY metrics are still down, the sharp sequential recovery in net profit and margins from Q3 to Q4 suggests bottoming out of operational challenges.
Outlook
Trident faces continued competition in home textiles but benefits from its diverse portfolio in paper and chemicals. Future growth depends on stabilizing margins in the Bedsheets and Towel segments which saw significant YoY volatility.
From the Annual Report (Key Quotes)
“The Board has decided not to proceed with the incorporation of the proposed domestic wholly owned subsidiary, as the Board is of the considered view that the same is presently not required.”
“Approved the Raising of funds for an amount not exceeding INR 500 Crore by issue of Non-Convertible Debentures.”
“Declaration of 1st Interim Dividend of INR 0.50/- per fully paid up Equity Share for the Financial Year 2026-27.”
Official Quarterly Documents
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This summary is AI-generated from Trident Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.