Trident Q3 Review - Textiles Segment Drives Overall Performance: Motilal Oswal
A worker sews a garments at a machine in a textile factory. (Photographer: Dwayne Senior/Bloomberg)

Trident Q3 Review - Textiles Segment Drives Overall Performance: Motilal Oswal

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Motilal Oswal Report

Trident Ltd. reported strong performance on the back of a demand revival in the Home Textiles segment.

The demand trend is expected to continue in upcoming quarters on six months of order book visibility.

The Paper segment is expected to recover in coming quarters as offices and educational institutions start opening up.

Although the performance was in line with Motilal Oswal’s estimates, factoring in improved demand visibility in Textiles and a recovery in demand in the Paper segment, Motilal Oswal has increased our FY22E/FY23E PAT estimates by 16%/11%.

Click on the attachment to read the full report:

Motilal Oswal Trident Q3FY21 Result Update.pdf

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