💨 Abstract

India's Trident reported a 27% decrease in third-quarter profit due to decreased demand for textiles during the festive season, impacted by persistent inflationary pressures. The textile maker's revenue declined 9% to 16.67 billion rupees, with sales falling across all segments, especially yarn (41% of total revenue). Inflation in India remains above the central bank's target, reducing consumer spending.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖