Trident (TRIDENT) Q1 25/26 earnings summary

Executive summary

• Q1 FY26 total income reached INR 17,269 million, with EBITDA margin at 18.06% and net profit at INR 1,399 million, reflecting strong operational performance year-over-year.

• Board approved unaudited standalone and consolidated financial results for the quarter ended June 30, 2025, with an unmodified review opinion from auditors.

• Export share remained robust at 54% of revenue in Q1 FY26, highlighting continued global demand.

• Interim dividend of INR 0.50 per share declared and paid for FY26, reinforcing commitment to shareholder returns.

• Disinvestment in Trident Home Textiles Limited completed, ceasing its status as a subsidiary as of June 17, 2025.

Financial highlights

• Q1 FY26 consolidated EBITDA increased 29.85% year-over-year to INR 3,119 million; EBITDA margin improved by 440bps to 18.06%.

• Net profit rose 89.39% year-over-year to INR 1,399 million; EPS up 83.19% to INR 0.27.

• Standalone net profit after tax was INR 1,393.6 million, up from INR 1,318.4 million in the previous quarter and INR 735.9 million year-over-year.

• Standalone net debt/equity improved to 0.19 as of June 2025; net debt/EBITDA at 0.71.

• Interest coverage ratio strengthened to 6.99 in Q1 FY26.

Outlook and guidance

• Focus on developing differentiated products, targeting premium and luxury segments, and increasing plant capacity utilization through digitization.

• Industry expects 6-8% growth in home textiles for the fiscal year, supported by resilient US demand and domestic expansion.

• India-UK FTA and PLI scheme anticipated to boost exports and production.

• Management remains optimistic about favorable outcomes in ongoing tax appeals and sees no need for material adjustments to current financials.