Trident
Updated
Trident (TRID) reported a strong performance in the Home Textile and Paper segments, driven by robust demand with the easing of pandemic woes. The demand trend in Home Textile is expected to continue, with major export demand bouncing back in FY22E. While we maintain our FY22 earnings estimate, on factoring in a) the growth opportunity with the normalization of business operations as well as b) an improving demand outlook, we increase our FY23E/FY24E earnings estimate by 11%/9%.
Note
reversal in Trident
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