Trident (TRIDENT) Q2 25/26 earnings summary

Executive summary

• Achieved Q2 FY26 consolidated total income of INR 18,032 million, up 4.58% year-over-year and 4.42% sequentially.

• Net profit for Q2 FY26 stood at INR 909 million, a 9.14% increase year-over-year, but down 35.03% sequentially.

• Export revenue contributed 52% of total revenue in Q2 FY26.

• Standalone and consolidated financial results for the quarter and half year ended September 30, 2025, were reviewed and approved by the Board and auditors, with unmodified opinions expressed.

• The company’s operations continued without disruption despite an income tax search at certain locations and among key personnel.

Financial highlights

• EBITDA margin for Q2 FY26 was 12.85%, down from 18.06% in Q1 FY26 and 13.78% in Q2 FY25.

• PBT margin for Q2 FY26 was 6.87%, compared to 10.87% in Q1 FY26 and 5.75% in Q2 FY25.

• EPS for Q2 FY26 was INR 0.18, up 6.45% year-over-year.

• Standalone revenue from operations for Q2 FY26 was INR 17,851.7 million, up from INR 17,002.3 million in the previous quarter and INR 17,091.7 million in Q2 FY25.

• Cash profit for Q2 FY26 was INR 1,738 million, nearly flat year-over-year.

Outlook and guidance

• Focus on cost optimization, product innovation, and premiumization to drive margin improvement.

• The company is monitoring the impact of increased US tariffs on textile imports and is engaging with customers through pricing strategies.

• Industry trends include growing demand for sustainable products and digital transformation.