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 Limited reported a consolidated net profit of ₹158 crore for the quarter ended June 30, 2026, representing a 55% increase compared to ₹102 crore in the quarter ended March 31, 2026. On a year-over-year basis, consolidated net profit rose 13% to ₹158 crore from ₹140 crore. Total income grew 9.3% quarter-on-quarter to ₹1,803 crore from ₹1,650 crore in the preceding quarter, while on a YoY basis, income increased 4.4% to ₹1,803 crore from ₹1,727 crore. The company's Board approved the unaudited financial results during a meeting held on July 21, 2026.

The unaudited standalone financial results for the quarter ended June 30, 2026, show a net profit of ₹1,529.3 million, up from ₹1,020.4 million in the quarter ended March 31, 2026. Standalone revenue from operations increased to ₹17,816.8 million from ₹16,299.6 million in the previous quarter. Total income for the standalone entity stood at ₹17,971.4 million.

Financial Performance

The company's total expenses for the consolidated results were ₹15,872.0 million, compared to ₹15,071.6 million in the prior quarter. Profit before tax for the consolidated entity was ₹216 crore, a significant rise from ₹146 crore in the quarter ended March 31, 2026. Basic and diluted earnings per share (EPS) for the quarter were ₹0.31, compared to ₹0.20 in the previous quarter. EBITDA for the quarter stood at ₹316 crore versus ₹312 crore in the same period last year, while EBITDA margin came in at 17.55% compared to 18.06% YoY.

The table below summarises the key consolidated financial metrics for the quarter:

Segment Performance

Segment revenue for the quarter was led by the Yarn segment at ₹954 crore, followed by Home Textile at ₹941 crore. The Paper and Chemicals segment contributed ₹297 crore. The total segment revenue before inter-segment adjustments was ₹2,192 crore.

Corporate Developments

The Board approved the incorporation of a new domestic wholly owned subsidiary to enhance brand presence and drive brand-building, sales, marketing, and business development initiatives for Trident products in overseas markets. Additionally, the Board 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, issued a Limited Review Report on the unaudited financial results.