Trident shares rally 13% as Q2 profit soars 93% YoY to ₹176 crore; board approves ₹4,650 crore capacity expansion plan

The company posted a 93.1% year-on-year (YoY) surge in its consolidated net profit to ₹175.58 crore in Q2 FY27, compared with ₹90.93 crore in the corresponding quarter of the preceding fiscal year, according to a regulatory filing.

However, its revenue from operations declined 3.78% YoY to ₹1,719.48 crore during the quarter under review, as against ₹1,787.17 crore in the July-September quarter of the 2025-26 fiscal year (Q2 FY26). The top line was impacted by a decline in the company’s revenue from the towel segment.

Its revenue from the towel business stood at ₹570.75 crore for the reporting quarter, marking a 21.11% YoY fall from ₹723.46 crore in Q2 FY26.

Its revenue from the yarn segment advanced 10.32% YoY to ₹1,018.96 crore in the second quarter of FY27, in contrast to ₹923.64 crore in the year-ago period.

It clocked revenue of ₹311.36 crore from the bedsheet business in the quarter ended September 30, 2026, registering a growth of 19.2% YoY from ₹261.22 crore in the same period last year.

Trident’s paper and chemicals business saw its revenue rise 16.6% YoY to ₹287.9 crore for the quarter, compared with ₹246.9 crore in the September quarter of FY26.

At an operational level, its EBITDA (earnings before interest, tax, depreciation and amortisation), also known as operating profit, stood at ₹314 crore in Q2 FY27, up 46.5% YoY from ₹214 crore in the year-ago period.

Its EBITDA margin expanded by 600 basis points (bps) YoY to 18% during the quarter under review, as against 12% in Q2 FY26.

Capacity expansion

Trident’s board of directors also approved the capacity expansion and modernisation project worth ₹4,650 crore across its business segments.

This includes capacity addition of 99,840 spindles at its existing yarn manufacturing facility at Budhni, Madhya Pradesh, along with modernising and replacing older machinery.

It further stated that it plans to modernise 48,000 old spindles to 70,176 new ones on finer counts and replace 960 old rotors with 2,400 new ones.

Furthermore, the company also plans to set up a new yarn manufacturing facility at Dhar, Madhya Pradesh, with a capacity of 1,99,680 spindles, for which it has already acquired 179.2 acres of leasehold land at a cost of approximately ₹106.09 crore.

It also plans to expand its sheeting business through the addition of 336 looms and enhance its paper manufacturing capacity by 28 TPD.

It will also set up a 60 MW Hybrid Renewable Energy Project comprising 60 MW Wind Power and 20 MW Solar Power (AC) to support sustainable operations and improve energy efficiency, Trident added.

Trident share performance

At around 11:33 AM, the stock was trading 9.19% higher at ₹24.25 per equity share.

The scrip has surged 13% in the past week and 9% over the month. However, it has lost 10% on a year-to-date (YTD) basis.

While the shares hit a 52-week high of ₹30.94 per unit on February 3, 2026, they touched a year’s low of ₹20.15 apiece on October 23, 2026.

Trident has a total market capitalisation of ₹12,367.88 crore as of November 3, 2026, according to data on the NSE.