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India's leading textile firms report mixed performance in FY24

06 Jun '24
2 min read
India's leading textile firms report mixed performance in FY24
India's leading textile firms report mixed performance in FY24

Insights

  • India's leading textile companies saw mixed FY24 results.
  • Trident's revenue rose to ₹***** billion but net profit fell to ₹***** billion.
  • Welspun Living's revenue soared to ₹***** billion, with net profit reaching ₹***** billion.
  • Vardhman Textiles' revenue slightly decreased to ₹***** billion.
  • Arvind's revenue dropped to ₹***** billion.

Trident Ltd

Trident Ltd reported a revenue of &#****;**.*** billion (approximately $***.** million) in FY**, an increase from &#****;**.*** billion in FY**. However, the company faced a decline in net profit, registering &#****;*.*** billion in FY** compared to &#****;*.*** billion in the previous fiscal year. Earnings per share (EPS) also dropped from &#****;*.** to &#****;*.**. Despite this, the company improved its operational efficiency with an operating profit margin (OPM) of **.** per cent, up from **.** per cent in FY**. The net profit margin (NPM) decreased to *.** per cent from *.** per cent.

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