Trident

** India's textile stocks rise after Motilal Oswal initiates coverage, saying the sector's addressable opportunity has expanded following free trade agreements and tariff shifts

** Brokerage assigns "buy" ratings to Gokaldas Exports GOKL.NS, Indo Count ICNT.NS, Arvind ARVN.NS, Pearl Global PGIL.NS and Welspun Living WLSP.NS

** Starts Vardhman Textiles VART.NS, KPR Mill KPRM.NS and Trident TRIE.NS at "neutral"

** GOKL, ICNT, ARVN, PGIL and WLSP gain between 2.4% and 10%, while VART rises 1.3%, KPRM jumps 8% and TRIE adds 4.6%

** Motilal projects a 12-month rise of 36% for GOKL, 39% for ICNT, 30% for ARVN, 28% for PGIL and 23% for WLSP

** Says export growth is set to recover, supported by trade agreements with the UK and European Union and favourable tariff realignments

** With India holding only 4%-5% of global apparel trade, the brokerage sees scope for share gains

** Lower additional U.S. tariffs of around 10% for India compared to the 50% threatened in mid-2025, levels the playing field with competitors such as Bangladesh (19%), Indonesia (19%) and Vietnam (20%), says Motilal Oswal

(Reporting by Bharath Rajeswaran in Bengaluru)

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** Shares of India's textile manufacturers rise 1.3% to 4.1% as UK-India trade deal set to take effect next month

** India said its concerns over the UK's forthcoming steel tariff regime, ‌which threatened to delay implementation of the agreement, have been addressed

** Vardhman Textiles VART.NS up 1.6%; Welspun Living WLSP.NS rises 4.1%; Trident TRIE.NS gains 1.6%

** Indo Count Industries ICNT.NS rises 2%; Sportking India SPOT.NS jumps 1.3%

** YTD, VART up 45.4%, WLSP up 15.5%, TRIE down 5.2%, ICNT up 23.8%, and SPOT up 106.8%

(Reporting by Abhinav Parmar in Bengaluru)

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** Shares of India's textile manufacturers rise 5% to 11% after the scrapping of cotton import duty

** India scraps customs duties on cotton imports for five months seeking to boost supplies for textile exporters amid strong overseas demand for yarn

** Vardhman Textiles VART.NS up 6.1%; Welspun Living WLSP.NS rises 5.2%; Trident TRIE.NS gains 3%

** Indo Count Industries ICNT.NS rises 7%; Sportking India SPOT.NS jumps 11.2%

** YTD, VART up 41.1%, WLSP up 11.4%, TRIE down 7.1%, ICNT up 17.8%, and SPOT up 109.9%

(Reporting by Abhinav Parmar in Bengaluru)

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May 25 (Reuters) - Trident Ltd TRIE.NS:

• TRIDENT LTD - AVNEESH BARUA RESIGNS AS CHIEF FINANCIAL OFFICER

Source text: ID:nBSE2Hx7Wj

Further company coverage: TRIE.NS

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May 19 (Reuters) - Trident Ltd TRIE.NS:

• TRIDENT LTD - RE-APPOINTS DEEPAK NANDA AS MANAGING DIRECTOR FOR THREE YEARS

• TRIDENT LTD - RAISING OF FUNDS UP TO 5 BILLION RUPEES BY ISSUE OF NON-CONVERTIBLE DEBENTURES

Source text: ID:nNSE8jDrVq

Further company coverage: TRIE.NS

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May 12 (Reuters) - Trident Ltd TRIE.NS:

• TRIDENT LTD - TO CONSIDER RAISING OF FUNDS BY NON-CONVERTIBLE DEBT INSTRUMENTS

Source text: ID:nBSE55tP23

Further company coverage: TRIE.NS

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** Indian textile stocks fall as much as 6%

** The government has halved benefits under the RoDTEP scheme for exporters in textiles and gems & jewellery, restricting incentives to 50% of notified rates and value caps with immediate effect

** Alok Industries ALOK.NS loses 1.83%, Trident TRIE.NS down 2.26%, Gokaldas Exports GOKL.NS drops 4.5% and Arvind Ltd ARVN.NS slips about 6%

** Amid weak global demand and U.S. tariffs, the move raises competitiveness concerns, brokerage ICICI Securities says

** Adds these uncertainties will weigh on textile stocks in the near term

** Exporters might have to take the burden of 1%-2% cost increase on profitability - ICICI Securities

** YTD, ALOK down ~10%, TRIE sheds ~3%, GOKL loses 4% and ARVN up ~12%

(Reporting by Komal Salecha in Bengaluru)

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** Shares of Indian textile stocks rise as much as 7%

** U.S. Supreme Court on Friday struck down import levies imposed by President Donald Trump, prompting him to raise a temporary tariff to 15%

** Alok Industries ALOK.NS up 1.3%, Trident TRIE.NS gains as much as 7%, Gokaldas Exports GOKL.NS climbs as much as 2% and Arvind Ltd ARVN.NS rises 3%

** The U.S. is India's largest textile export market, with shipments worth about $10.5 billion, largely driven by apparel -- India government statement

** YTD ALOK down 5.4%, TRIE up 0.37%, GOKL gained 6% and ARVN up 18%

(Reporting by Komal Salecha in Bengaluru)

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** Indian textile stocks fall between 2.8% and 7%

** Stocks fall after Bangladesh, U.S. sign trade deal that exempts some textile and apparel exports from tariffs if they use American cotton or man-made fibres

** Garment producer Gokaldas Exports GOKL.NS down 7%

** Home textiles producer Welspun Living WLSP.NS down 6%, Arvind ARVN.NS falls 5.2%, while Vardhman textiles VART.NS drops 4.7%

** Trident TRIE.NS, Indo Count Industries ICNT.NS down about 3% each; KPR Mill KPRM.NS sheds 2.8%

** "Investors appear to be reacting to some of the tariff exemptions given to Bangladesh. However, details remain scant and we may not see a material impact for India's large textile players," says Prerna Jhunjhunwala, VP - Lead - Textiles and Retail Sector at Elara Capital

** As of Monday, textile stocks rose between 10% and 45% from February 2, when India-U.S. trade deal was announced

(Reporting by Nandan Mandayam in Bengaluru)

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Feb 9 (Reuters) - Trident Ltd TRIE.NS:

• TRIDENT LTD DEC-QUARTER CONSOL NET PROFIT 442.4 MILLION RUPEES

• TRIDENT LTD DEC-QTR CONSOL REV FROM OPS 15.74 BLN RUPEES

• TRIDENT LTD - DISINVESTS ENTIRE STAKE IN MYTRIDENT.COM LIMITED

• TRIDENT LTD - INCORPORATES NEW SUBSIDIARY FOR U.S. MARKET

Source text: ID:nNSE3ztywG

Further company coverage: TRIE.NS

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** Shares of Indian textile stocks jump between 8.5% and 20%

** U.S. President Donald Trump on Monday announced a trade deal with India, slashing tariffs on Indian goods to 18% from 50% in exchange for India halting Russian oil purchases and lowering trade barriers

** Indo Count ICNT.NS and KPR Mills KPRM.NS lead gains among pack, jumping 20%

** Gokaldas Exports GOKL.NS, Welspun Living WLSP.NS zoom 19% each

** Trident TRIE.NS, Arvind ARVN.NS surge 13% each

(Reporting by Kashish Tandon in Bengaluru)

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By Manoj Kumar and Dhwani Pandya

NEW DELHI/MUMBAI, Jan 29 (Reuters) - India’s textile and apparel exporters, hit by 50% U.S. tariffs imposed late in August, are banking on this week's trade agreement with the European Union to offset part of the damage, while urging New Delhi to secure a quick deal with Washington.

Under the pact, which will be implemented in about a year, the EU will immediately remove duties on 90% of Indian goods, including the roughly 12% tariff on textiles and apparel.

"At a time when the sector is weighed down by high U.S. tariffs, the India–EU agreement opens the door to greater market access," said Ashwin Chandran, chairman of the Confederation of Indian Textile Industry (CITI), adding that jobs in the sector are currently at risk.

U.S. shipments fell more than 50% in October-December from July-September for nearly one-quarter of textile exporters, a CITI survey showed, while businesses warned losses could reach $5 billion–$6 billion this year without a U.S. deal.

In a letter to the government, the Apparel Export Promotion Council (AEPC) said higher U.S. tariffs have hurt firms that earn up to 70% of their sales from the U.S., risking order cancellations and factory shutdowns, and urged swift action to avoid lasting damage.

India's textile and apparel exports held steady at $37.5 billion in 2025 despite the drop in U.S. orders, as exporters diverted shipments to markets such as the EU, UAE, Japan and Africa, government estimates showed.

Nevertheless, the U.S. remains India's top market, taking 28% of its textile and apparel exports - about $11 billion out of $38 billion in the financial year ending March, 2025. The EU was the second-largest market with around one fifth of total shipments.

"Zero-duty access to the EU market will enhance Indian garments' competitiveness," said AEPC Chairman A. Shakthivel, projecting EU exports could grow 20-25% annually and double in three to four years.

Currently, India's share of the EU's $250 billion apparel market is just 3%, with shipments dominated by China, Bangladesh and Vietnam due to lower duties.

NEAR-TERM RISKS

However, analysts warned of near-term risks for Indian exporters, as the EU has suspended preferential tariffs on Indian apparel for 2026–2028, and it will be at least one year before the new deal comes into force. The gap before full implementation could temporarily raise costs and squeeze margins, they said.

Exporters will still need to meet strict EU technical and safety norms, including detailed labelling, chemical limits, and health-and-environment certifications, analysts added.

Of the EU's top 20 high-demand ready-made garment products, India exports only eight cotton and two man-made fibre items -showing a gap in matching demand.

Some major EU fashion brands, including H&M and Zara, have visited factories in Tiruppur, the southern textile hub, to plan new orders, said Kumar Duraiswamy, joint secretary of the Tiruppur Exporters Association. He expects exporters to add capacity, win new customers and expand into synthetic garments.

"Opening up the European market will be hugely beneficial for India's textile industry, particularly at a time when exporters are facing serious challenges in the U.S. market,” said Rajinder Gupta, CEO of Trident Group, who expects the group's exports to double in two to three years.

"However, the amount of U.S. business cannot be replaced by any other market," he added.

(Reporting by Manoj Kumar and Dhwani Pandya; Additional reporting by Shivangi Acharya; Editing by Raju Gopalakrishnan)

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** Shares of Indian textile makers rise as India-EU trade deal expected to benefit them

** Welspun Living WLSP.NS, Indo Count Industries ICNT.NS, and KPR Mill KPRM.NS rise 6%, 4.5% and 4%, respectively; Trident TRIE.NS, Arvind ARVN.NS and Vardhman Textiles VART.NS up 2%-2.5%

** Gokaldas Exports GOKL.NS down 2.5%

** India-EU trade deal significantly positive for cos, particularly home textiles and garment players - PhillipCapital

** Deal expected to give level-playing field to Indian textile exporters, PhillipCapital says

** India exports about $7.7 billion worth of textiles and apparel to EU market, which represent ~20% of the country's textile exports

** Most Indian home textile players mainly focused on U.S. market as they face 12% duty in EU market, compared to zero duty on Vietnam, Bangladesh and Pakistan - brokerage

** PhillipCapital expects short term challenges during transition as EU has suspended preferential tariff benefits for Indian apparel exports from 1 January 2026 to 2028

(Reporting by Vivek Kumar M)

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** Shares of Indian textile firms and seafood exporters jump on optimism on India–U.S. trade talks, and a likely India–EU trade deal

** Among textile firms, Trident TRIE.NS rises 3%, Vardhman Textiles VART.NS up 3.1%, Gokaldas Exports GOKL.NS climbs 5.3% and Welspun Living WLSP.NS jumps 6%

** Seafood exporters Apex Frozen Foods APEX.NS, Coastal Corporation COAS.MS and Avanti Feeds AVNT.NS trading higher by 3.4%, 2.4% and 6.4% respectively

** U.S. president Donald Trump signalled optimism on a bilateral trade deal with India, while speaking to Moneycontrol

** A India-EU trade deal is also on the cards, with a deal likely to be concluded in the next few days, Spain's Foreign Minister José Manuel Albares said on a visit to New Delhi on Wednesday

** United States is the biggest market for India's shrimp farmers and exporters; India also holds a 5%-6% share of EU's $125 billion worth of textiles and apparel imports

(Reporting by Anuran Sadhu in Bengaluru)

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** Shares of Indian textile firms fall between 2% and 5%

** Gokaldas Exports GOKL.NS loses the most among the pack, down 5.25%

** Welspun Living WLSP.NS down 3.27%, Arvind ARVN.NS falls 2.28%, KPR Mill KPRM.NS loses 1.83%

** Indo Count ICNT.NS and Trident TRIE.NS retreat 2.87% and 3.32% respectively

** Drop amid a weaker broader market, with benchmark Nifty 50 index .NSEI down 0.3% on the day .BO

** Markets unsettled over absence of a long-awaited India-US trade deal, concerns that US President Donald Trump may hike tariffs on Indian goods, analysts say

** Indian goods face up to 50% US tariffs since last year; textiles are among the key export sectors

** In 2025, GOKL shed the most among the pack, down ~35%

(Reporting by Komal Salecha and Hritam Mukherjee in Bengaluru)

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Jan 6 (Reuters) - Trident Ltd TRIE.NS:

• TRIDENT LTD - APPROVES ACQUISITION OF MYTRIDENT.COM LIMITED

Source text: ID:nBSE4P7XbL

Further company coverage: TRIE.NS

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Jan 2 (Reuters) - Trident Ltd TRIE.NS:

• RAHUL ROONGTA RESIGNS AS GROUP CFO

Source text: ID:nNSE5bZRBg

Further company coverage: TRIE.NS

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Nov 13 (Reuters) - Trident Ltd TRIE.NS:

• SEPT-QUARTER CONSOL NET PROFIT 909.3 MILLION RUPEES

• SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 17.87 BILLION RUPEES

Source text: ID:nBSEb9Vrvy

Further company coverage: TRIE.NS

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** Shares of Trident TRIE.NS jump 3% to 28 rupees

** Textile firm's board approves investment of up to 2.5 billion rupees in Trident Global aiming to strengthen its domestic brand presence

** Move will leverage existing manufacturing and mitigate geopolitical risks like U.S. tariffs, co says

** Last week, India extended an import duty exemption on cotton until the end of December to support local garment industry that has been hit by 50% U.S. tariffs

** Stock down 15% YTD

(Reporting by Urvi Dugar)

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** Indian textile stocks down between 1% and 3%

** Trump executive order imposes additional 25% tariff on goods from India for Russian oil trade

** KPR Mill KPRM.NS leads decline with 2.6% drop, Gokaldas Exports' GOKL.NS down 2.2%

** Welspun Living WLSP.NS, Vardhman Textiles VART.NS Indo Count ICNT.NS down ~2%; Trident TRIE.NS drops 1%

** WLSP, GOKL, ICNT, TRIE derive 40%-70% of their revenues from the U.S.

** They fell 3%-7% on July 31 when Trump announced 25% tariffs on Indian products, along with undisclosed penalty for New Delhi's trade with Moscow

(Reporting by Kashish Tandon in Bengaluru)

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By Manoj Kumar, Rajendra Jadhav and Dhwani Pandya

NEW DELHI/MUMBAI, July 31 (Reuters) - India's apparel and jewellery exporters are bracing for a drop in orders from their biggest market and could cut jobs after U.S. President Donald Trump announced a 25% tariff on Indian imports starting on Friday, industry executives said.

Several garment exporters, who had hoped for a bilateral trade deal and were preparing for a rise in orders from U.S. retailers such as Walmart and Costco, have now halted expansion plans as they await the outcome of negotiations, they said.

Key garment exporters including Welspun Living WLSP.NS, Gokaldas Exports GOKL.NS, Indo Count ICNT.NS and Trident TRIE.NS, make 40%-70% of their sales in the United States. Higher tariffs could shift orders to Vietnam, which now has lower U.S. duties of 20%.

The United States is India's largest market for garment and jewellery, with nearly $22 billion in exports in 2024. India has a 5.8% share in the U.S. garment market, behind China, Vietnam and Bangladesh.

"We were getting ready for expansion, expecting 10%-15% tariffs under the U.S. deal," said Gautam Nair, director at Matrix Design and Industries Pvt Ltd, a subsidiary of India's largest garment exporter Gokaldas Exports.

Gokaldas U.S. clients include GAP, Walmart WMT.N and JCPenney.

"Trump's tariff announcement has come as a shock, and if implemented, the 25% duty will severely impact exports," Nair said, adding that India's apparel sector already faces higher costs than leading competitors Bangladesh and Vietnam.

'IMMENSE PRESSURE'

In Tirupur, a textile hub in southern Indian concerns are mounting, with exporters pinning their hopes on a bilateral trade deal to put a quick end to the uncertainty.

The two countries are still holding talks in a bid to reach a deal.

"If U.S. business declines, factories will start poaching each other's customers," said Naveen Michael John, executive director at Cotton Blossom India, which supplies Walmart and Bass Pro Shops.

India's gems and jewellery sector, also heavily reliant on U.S. buyers, is already under pressure. Exports of cut and polished diamonds sank to their lowest in nearly two decades in the 2024/25 fiscal year due to weak U.S. and Chinese demand.

The U.S. accounts for nearly one-third of India's $28.5 billion in annual gems and jewellery exports.

"A blanket tariff of this magnitude will inflate costs, delay shipments, distort pricing, and place immense pressure on every part of the value chain - from lower level worker to large manufacturers," said Kirit Bhansali, chair of the Gem & Jewellery Export Promotion Council (GJEPC).

Looking ahead to the U.S. holiday season, exporters are urging the government to find a way to restore stability before September, giving them time to ramp up seasonal production.

"Without a trade deal, exports won't recover," said one jewellery exporter in Surat, India's diamond-polishing hub.

"We'll be forced to cut production and jobs."

(Reporting by Manoj Kumar, Rajendra Jadhav, Dhwani Pandya;
Editing by Helen Popper)

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** Shares of Trident TRIE.NS rise as much as 5.4% to 33.9 rupees, highest since May 25

** Textiles firm posts a nearly 90% rise in first-quarter profit; lower raw material and employee costs offset decline in sales

** Revenue from operations down 2% Y/Y

** More than 11.2 shares change hands, 1.1x of 30-day avg

** Stock down 0.6% YTD

(Reporting by Rudra Pratap Singh in Bengaluru)

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Adds details throughout

July 24 (Reuters) - Indian textiles firm Trident TRIE.NS reported a nearly 90% rise in first-quarter profit on Thursday, as lower raw material and employee costs offset a decline in sales.

The company reported a consolidated net profit of 1.4 billion rupees ($16.21 million) for the three months ended June 30, compared to 737 million rupees a year ago.

A marginal 2% decline in revenue for Trident, which supplies home textiles to major global retailers such as Walmart WMT.N and Target TGT.N, was overshadowed by a 7% decline in expenses.

($1 = 86.3930 Indian rupees)

(Reporting by Ananta Agarwal in Bengaluru; Editing by Eileen Soreng)

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** Shares of India's textile companies rise as much as 11% after U.S. announces 35% tariffs on Bangladesh, while President Donald Trump hints at deal with India

** Alok Industries ALOK.NS surges 11%, while KPR Mill KPRM.NS and Vardhman Textiles VART.NS add 5.2% and 6.8%, respectively

** Gokaldas Exports GOKL.NS, Indo Count Industries ICNT.NS and Trident TRIE.NS rise around 7%, 6% and 5%, respectively

** Bangladesh is one of the key exporters of ready-made garments to the U.S., and competes directly with Indian garment manufacturers

** "If India manages to sign favourable deal with U.S., we might see lower tariffs on ready-made garment exports compared with other countries such as China, Vietnam and Bangladesh," says ICICI Securities

** Adds that scenario for Indian textile manufacturers is positive as of now

(Reporting by Vivek Kumar M)

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July 1 (Reuters) - Trident Ltd TRIE.NS:

• GETS SHOW CAUSE NOTICE FOR ALLEGED TAX DUES OF 518.7 MILLION RUPEES

Source text: ID:nNSEb8bVP4

Further company coverage: TRIE.NS

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June 17 (Reuters) - Trident Ltd TRIE.NS:

• TO DISINVEST ENTIRE SHAREHOLDINGS IN THTL

• CONSIDERATION RECEIVED 10.7 MILLION RUPEES

Source text: ID:nBSE4Lnbzh

Further company coverage: TRIE.NS

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** Shares of textiles maker Trident Ltd TRIE.NS jump 11.6% to 32.9 rupees

** Co reports Q4 profit of 1.33 billion rupees, up more than 100% y/y, helped by higher demand for its towels

** TRIE was trading 0.8% lower before the results

** Stock set for biggest one-day pct gain since January 2024

** Stock turns YTD positive, up 0.6%

(Reporting by Nandan Mandayam in Bengaluru)

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** India's textile stocks surge for second consecutive session after Britain and India clinch landmark trade deal

** Welspun Living WLSP.NS, Gokaldas Exports GOKL.NS, and S.P. Apparel SPAP.NS jump 7.4%-7.6%, all three hit three-month highs

** KPR Mill KPRM.NS jumps over 6% to hit lifetime high

** The deal, between the world's fifth and sixth largest economies, has been concluded after three years of stop-start negotiations and aims to increase bilateral trade by a further 25.5 billion pounds ($33.90 billion) by 2040

** UK imports ~$25 billion of textiles per year, which is dominated by China (21%) and Bangladesh (13%), while India's share is 5%-6%, Jefferies says

** The new deal, which paves way for zero tariffs on most textile imports into UK, puts Indian companies at par with Bangladesh and Pakistan, and at an advantage compared to China - brokerage

** Among other textile stocks, Trident TRIE.NS, Arvind Ltd ARVN.NS, and Alok Industries ALOK.NS up 2.6%, 3.4%, and 5.5%, respectively

($1 = 0.7522 pounds)

(Reporting by Vivek Kumar M)

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** Shares of textile and paper co Trident TRIE.NS down 5.56% to 29.38 rupees

** Stock set for biggest one-day pct decline since May 2024

** Co, which supplies to major retailers such as Walmart WMT.N, reports 27% decline in Q3 profit on inflation-led cool down in demand; revenue drops 9%

** Including session's loss, stock extends 12-month decline to 38.3%

(Reporting by Ananta Agarwal in Bengaluru)

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Jan 24 (Reuters) - Trident Ltd TRIE.NS:

• Q3 CONSOL NET PROFIT 797 MILLION RUPEES

• Q3 CONSOL REVENUE FROM OPERATIONS 16.67 BILLION RUPEES

Source text: ID:nBSE4bFjjR

Further company coverage: TRIE.NS

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