Shares of Trident Ltd. surged as much as 7 per cent to Rs 33.66 in early trade on Friday after the home textiles and paper products manufacturer reported a strong rise in quarterly profit, despite a slight decline in revenue. As of 10:39 AM, the stock was trading 4.19 per cent higher, supported by a spike in volumes.

Trident Q1 FY26 Results

Trident reported an 89.7 per cent year-on-year increase in net profit to Rs 140 crore in the April–June quarter, compared to Rs 73.8 crore a year ago. This came despite a 2.1 per cent dip in operating revenue, which stood at Rs 1,706.8 crore.

The bottom-line growth was driven by a 7 per cent reduction in expenses, helping lift margins. EBITDA rose 29.3 per cent to Rs 291 crore, and the operating margin improved to 17 per cent, up from 12.9 per cent in the same quarter last year.

Why Trident Stock is Rallying?

The improvement in margins was also supported by more stable input costs. Cotton, a major raw material, had seen an 18 per cent spike last year but has softened in recent months, offering relief on the cost side.

Investor activity was notably strong, with 5 crore shares changing hands during morning trade — far above the one-month and one-week average of 96 lakh shares.

The board of directors also cleared a proposal to raise up to Rs 500 crore through the issuance of non-convertible debentures (NCDs) via public or private placement, in one or more tranches, subject to shareholder approval.

Despite the modest revenue decline, Trident shares continue to rally.