Trident Terry Sales Booming

New Delhi, India — Though profits were squeezed by currency valuations, terry towel sales at Abhishek Industries/Trident climbed smartly during the second quarter, up 46% to 1.7 billion rupees, or $43 million.

For the period ended Sept. 30, operating profit on towels fell 9.7% to 141 million rupees, or approximately $3.6 million.

Operating profit gained, however, during the first six months of the year, climbing 4.5% to 266 million rupees, or $6.7 million. Sales jumped 30.4% to 3.08 billion rupees, or $77.8 million.

During the quarter, Abishek received the 2006 Supplier of the Year award from JCPenney as well as the Award for Customer Excellence 2007 by software provider SAP.

Featured Video

  • 1200 Suppliers are Ready for You at Intertextile Shanghai

    Camera Icon More Videos

Subscribe to
Home & Textiles Today eDaily
Receive the news you need to know about the trends in the industry delivered right to your inbox.

CURRENT ISSUE

HTT digital edition

See the June 2017 issue of Home & Textiles Today. In this issue, we discuss how U.S, ports are gearing up for the future, and what to expect from second half trade shows. See details!