As reported earlier, home furnishing companies are comparatively performing well!
Trident Ltd., in this regard, has unveiled its ‘VISION 2025’ which includes achieving revenue of Rs. 25,000 crore by 2025 with 12 per cent bottom line. It also has the target of making Trident a national brand and digital Trident, by completing the journey of Industry 4.0.
Rajinder Gupta, Chairman, Trident Group, said, ‘VISION 2025 marks a significant milestone in the journey of Trident. The same will greatly enhance our ability to synchronise our efforts for better positioning of the company in all business verticals.”
The Board of the company has authorised its strategy committee to examine various rapid-growth strategies to derive growth in-line with ‘VISION 2025’.
This committee shall explore various options including but not limited to following the unlocking value for the shareholders through restructuring of existing businesses, capital allocation strategies to improve return ratios and expansion of existing businesses/diversification into new businesses through organic/inorganic growth.
The committee will also focus on creation of focused business groups to generate synergies & explore business alliances, optimisation of leveraging capacity to create value for shareholders and penetration into new markets, product development, e-commerce and brand building.
At the same time, the company has reported 200 per cent surge in consolidated net profit at Rs. 112 crore for the quarter ending 31 December 2020. The same was Rs. 37 crore during the same period of last fiscal.
The Ludhiana-based vertically integrated textile company’s consolidated revenue in Q3 from operations rose 20 per cent to Rs. 1,303 crore as against Rs. 1,082 crore in December 2019.
Recently, the company also got patent for “Fabric and Method of Manufacturing Fabric by European Patent office. The patent relates to ‘method of producing a fabric by subjecting the fabric to a special treatment, thereby obtaining increased air space in the resultant fabric.”