Trident Limited has designated Pardeep Kumar Markanday as Chief Executive Officer - Yarn (Punjab and Madhya Pradesh), effective July 23, 2026. This appointment strengthens the company’s senior management structure in two critical textile manufacturing hubs, leveraging Markanday’s extensive industry expertise to drive operational efficiency and growth in the yarn segment. The designation was communicated to stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The appointment falls under the disclosure requirements of Schedule III of the SEBI LODR Regulations, read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. Sushil Sharma, Company Secretary of Trident Limited, signed the disclosure filed with both the National Stock Exchange of India Limited and BSE Limited on July 23, 2026.

Markanday is a seasoned executive with more than 40 years of overall experience in the international home textiles market. He has been associated with the Trident Group for over 26 years. His tenure includes leadership roles across multiple business verticals, including supply chain, projects, operations, sales, marketing, and strategy. Under his guidance, the Home Textiles Division of the Trident Group has established a strong position in the global market.

Key Details of Appointment

Strategic Context

The designation of a dedicated CEO for the Yarn division in Punjab and Madhya Pradesh highlights Trident’s focus on regional specialization within its textile operations. By appointing an internal leader with deep institutional knowledge, the company aims to streamline decision-making and enhance market responsiveness in these key states. Markanday’s background in both operations and strategy positions him to address supply chain complexities and optimize sales channels in the region.

This structural adjustment reflects Trident’s ongoing effort to align its leadership team with specific geographic and product-focused responsibilities, ensuring that senior management can directly oversee critical manufacturing zones.

Trident reported a consolidated net profit of ₹1,580.9 million for the quarter ended June 30, 2026, marking a 49.8% increase from ₹1,019.8 million in the previous quarter ended March 31, 2026. Revenue from operations for the quarter stood at ₹17,868.3 million, compared to ₹16,325.3 million in the prior quarter. The company’s board approved the unaudited financial results during a meeting held on July 21, 2026.

Standalone Performance

On a standalone basis, the company recorded a net profit of ₹1,529.3 million for Q1FY26, up from ₹1,020.4 million in the quarter ended March 31, 2026. Revenue from operations increased to ₹17,816.8 million from ₹16,299.6 million in the preceding quarter. Total expenses for the quarter were reported at ₹15,879.4 million. The basic and diluted earnings per share (EPS) for the standalone entity were ₹0.30.

Consolidated Financials

The consolidated financial results include the performance of subsidiaries and an associate. Profit before tax for the quarter was ₹2,162.5 million, higher than the ₹1,464.4 million reported in the previous quarter. The company’s share of profit from its associate for the quarter was ₹2.3 million. Total comprehensive income for the period stood at ₹1,821.1 million. The basic and diluted EPS for the consolidated results were ₹0.31.

Segment Results

Segment revenue for the quarter was driven primarily by the Yarn and Towel businesses. The Yarn segment reported revenue of ₹9,541.6 million, while the Towel segment contributed ₹6,385.4 million on a consolidated basis. The Bedsheets segment generated ₹3,028.2 million, and the Paper and chemicals segment recorded ₹2,973.8 million. Total segment assets were reported at ₹75,056.8 million.

Corporate Developments

In addition to the financial results, the Board approved the incorporation of a new domestic wholly owned subsidiary to enhance brand presence and drive business development initiatives for Trident products in overseas markets. The Board also declared and paid an interim dividend of ₹0.50 per equity share of ₹1 each during the current quarter. The statutory auditors, M/s S.R. Batliboi & Co. LLP, reviewed the results and issued an unmodified opinion.