Trident Ltd. of the Trident Group, has achieved a turnover of Rs. 3,884 crores and profit of Rs. 197 crores for the financial year 2013-14.
Trident is a leading manufacturer of terry towels, paper, yarn and chemicals.
The company has emerged one of the largest manufacturers of terry towels and wheat straw-based paper in the world. It is closely associated with global retail brands like Ralph Lauren, Calvin Klien, JC Penney, IKEA, Target, Wal-Mart, Macy’s, Kohl’s, Sears, etc. Trident has also received accolades from its patrons in recognition of its delivering quality products and its customer-centric approach. With a compounded annual growth rate of more than 30 per cent, Trident has established itself as one of the fastest growing groups in India.
With the establishment of its state-of-the-art manufacturing processes and systems with appropriate human capital, the company is making regular investments for capacity expansion and modernisation.
Commenting on the performance, Mr. Arun Goyal, Chief Financial Officer at Trident Ltd., said: “I am pleased to share that Trident has demonstrated a benchmark performance in FY14. This is on the back of healthy growth across all products viz., yarn, terry towel and paper. Our thrust on high-margin value-added products, together with the cost optimization and other strategic initiatives, has led to sustained improvement in earnings. The outlook remains robust given the improved consumption and our focus on Brand Awareness and gradual introduction of new products. Increased penetration in the domestic markets and addition of new capacities would further aid growth and profitability.”
In the yarn business, the topline grew by 17.5 per cent to Rs. 1,978.5 crores compared to Rs. 1,683.7 crores in FY13. While sales volume improved by 2.9 per cent, realizations improved by 14.2 per cent. Improvement in realizations driven by the enhanced focus on value-added products contributed 42 per cent to total yarn revenues. Improvement in margin driven by various cost optimization initiatives undertaken along with increased focus on value-added products.
In the terry towel business, the topline grew by 14 per cent to Rs. 1,446.9 crores compared to Rs. 1,269.4 crores, while sales volume declined by 6.6 per cent. Realizations improved by 22.1 per cent.