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Home textiles major Trident Group is charting out plans for greenfield expansion in India, which is gradually emerging as a quality and brand sourcing hub, while domestic consumption is also expected to multiply going forward, according to its CEO Samir Joshipura. The group, which has earmarked Rs 1,000 crore capex for FY26 for sustainability, modernisation, and asset enhancement initiatives, is currently at a planning stage for its expansion plans in India and is likely to announce it sometime next year, he told PTI. "We are in a planning phase, but year after, we are going to look at certain significant greenfield expansions...We have the scope of investing heavily, but we are not blindly going out...," he said. Explaining the reasons for a studied approach, Joshipura said, "India is also at a phase where, at the macroeconomic level, global economic level, we are going through a transition as a country from so-called low-cost sourcing hub to a quality and brand sourcing hub. Also
Home textiles major Trident Group on Friday said it has earmarked Rs 1,000 crore capital expenditure for FY25-26 for sustainability, modernisation, and asset enhancement initiatives. The group has also set a target of increasing its domestic business by three-fold, by 2027, with its home textile brand, myTrident, expanding into the luxury segment with the launch of 'LUXEHOME by myTrident' label. "We are going to invest Rs 1,000 crore but out of that, almost Rs 600-650 crore would be in the renewable-sustainability side, the remaining would be on modernisation side," Trident Group CEO Samir Joshipura told PTI here on the sidelines of Bharat Tex 2025. The group is converting 60 per cent of the energy requirement at Budhni campus in Madhya Pradesh into a non-fossil base, he said adding, "we are going to increase from there". Stressing that sustainability is "going to be a significant focus" for the group, Joshipura said, "We want to consciously invest there, because we do see that in
Textiles major Trident Group plans to invest Rs 3,000 crore in Madhya Pradesh to expand its operations in the state resulting in 3,000 new jobs, its Chairman Rajinder Gupta said on Monday. The Ludhiana-based vertically integrated textiles firm currently has operations involving sourcing cotton to produce finished goods in the state, it said in a regulatory filing. "We ventured into Madhya Pradesh a few years ago and invested Rs 5,000 crore. Today, our finished products from Madhya Pradesh are exported to 122 countries, with demand continually rising," Gupta said while speaking at the Madhya Pradesh Regional Industry Conclave. Looking ahead, Gupta said the group "plans to invest an additional Rs 3,000 crore in the state's textile sector which will expand employment opportunities here at Trident Group from the current 12,000 to over 15,000". He further said, "We are committed to ensuring that the benefits of our operations stay within Madhya Pradesh, from sourcing cotton to producing
Textiles firm Trident Ltd on Wednesday reported a 19.1 per cent decline in its consolidated profit after tax to Rs 73.89 crore for the first quarter of FY25. The company had posted a consolidated profit after tax of Rs 91.34 crore in the April-June quarter a year ago, according to a regulatory filing from Trident. However, its revenue from operations increased 16.66 per cent to Rs 1,742.71 crore in the June quarter. It was Rs 1,493.71 crore a year ago. The total expenses in the June quarter rose 19.7 per cent to Rs 1,655.59 crore. Its revenue from the Yarn business was Rs 960.70 crore and Rs 615.34 crore from the towel business. Trident's revenue from the Bedsheets segment was Rs 357.84 crore, and Rs 248.38 crore from paper and chemicals. Its total income stood at Rs 1,757.58 crore in the June quarter, up 16.77 per cent. It was Rs 1,505.08 crore a year earlier. Shares of Trident Ltd on Wednesday settled at Rs 37.44 on BSE, up 1.22 per cent.
Trident Realty on Sunday said it will invest Rs 700 crore to develop more than 400 luxury independent floors in Panchkula. Delhi-based Trident Realty is developing a 200-acre township Trident Hills at Panchkula. In the township, the company has launched 412 independent floors project 'Windsong Residences'. Trident Realty is planning to invest Rs 700 crore for the construction of 412 units of low-rise premium independent floors, the company said in a statement. Each independent floor shall be constructed on 360 and 545 square yard plot area with a starting price of Rs 2.22 crore. The company expects revenue of Rs 1,000 crore from the sales of independent floors, the statement said. S K Narvar, Group Chairman, Trident Realty, said, "We are confident of our expansion plans as we have an impressive pipeline of launches ahead. Trident Realty has a presence in Delhi-NCR, Mumbai Metropolitan Region and Tri-City (Chandigarh), with its footprints across housing, retail, office and hospit
Realty major DLF on Monday said it will invest Rs 400 crore as equity to develop a real estate project, comprising 35 lakh sq ft of estimated saleable area, in Mumbai in partnership with NCR-based builder Trident group. The company plans to launch the first phase of the Mumbai project, comprising 9 lakh square feet of residential space, by the end of this fiscal year. On Friday, DLF, which clocked record sales bookings of Rs 15,058 crore in the last fiscal year, announced its entry into the Mumbai property market. "We reflected for a long before re-entering Mumbai real estate market...We are investing Rs 400 crore as equity for the entire project that has a potential saleable area of 3-3.5 million square feet," DLF CEO Ashok Tyagi told analysts. He said the DLF will hold a 51 per cent stake in the special purpose vehicle (SPV) which will develop this project. The remaining 49 per cent will be with Trident Group. This is a Slum Rehabilitation Authority (SRA) project. Tyagi said thi
Trident Ltd on Wednesday reported a 27.91 per cent decline in consolidated net profit to Rs 130.66 crore for the fourth quarter ended March 2023. The company had posted a net profit of Rs 181.25 crore in the January-March period a year ago, Trident said in a BSE filing. Its revenue from operations slipped 15.86 per cent to Rs 1,573.25 crore against Rs 1,869.85 crore in the corresponding quarter last fiscal. Trident's total expenses fell 13.76 per cent to Rs 1,407.45 crore in the March quarter. Its total income declined 15.75 per cent to Rs 1,580.33 crore in Q4 FY23. For the fiscal ended March 2023, Trident's net profit fell 47 per cent to Rs 441.61 crore. It reported a net profit of Rs 833.75 crore in FY22. Its consolidated revenue from operations dipped 9.5 per cent to Rs 6,332.26 crore in FY23. Meanwhile, in a separate filing Trident informed its board in a meeting held on Wednesday declared its first interim dividend of Rs 0.36 per fully paid-up equity share of Rs 1 each for