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Trident announced appointment of Vinod Kumar Goyal as chief executive officer for yarn business with effect from 23 October 2023.
Goyal has a commerce degree and a master's in business administration. He has over four decades of experience in the textile industry, having worked with Vardhman Textiles and SEL Manufacturing Company.
Trident is vertically integrated textile (yarn, bath & bed linen) and paper (wheat straw-based) manufacturer and is one of the largest players in home textile space in India. The company operates in two major business segments: textiles and paper with its manufacturing facilities located in Punjab and Madhya Pradesh.
The company's consolidated net profit slipped 29.39% to Rs 91.34 crore on 11.08% decline in revenue from operations to Rs 1,493.71 crore in Q1 FY24 over Q1 FY23.
Shares of Trident dropped 5.16% to Rs 33.65 on 23 October 2023.
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