Trident shares slipped nearly 3% in Tuesday’s session, February 10, after the company reported a weak Q3 performance marked by sharp pressure on profitability and margins. Net profit for the quarter fell 44.5% year-on-year to Rs 44.2 crore, while revenue declined 5.6% to Rs 1,574 crore, reflecting muted demand conditions.
Operating performance deteriorated significantly, with EBITDA dropping 36.5% year-on-year to Rs 136.2 crore. The EBITDA margin contracted sharply to 8.7% from 12.9% in the year-ago quarter, indicating reduced operating leverage and higher cost pressures. The sharp fall in margins appears to have weighed heavily on investor sentiment.
Adding to the cautious tone, Trident announced the divestment of its entire stake in MYTRIDENT.COM Limited, which ceased to be a wholly owned subsidiary with effect from February 9, 2026. While the company clarified that the subsidiary was not material, the exit came alongside subdued quarterly numbers.
Although Trident also announced the incorporation of a new wholly owned subsidiary to strengthen overseas brand presence, particularly in the US market, investors appeared to focus more on the immediate earnings weakness and margin compression, leading to the stock’s decline during the session.