The detection of hardware trojans has been extensively studied in the past. In this article, we propose a side-channel analysis technique that uses a wrapper-based feature selection technique for hardware trojan detection. The whale optimization algorithm is modified to carefully extract the best feature subset. The aim of the proposed technique is multiobjective: improve the accuracy and minimize the number of features. The power consumption traces measured from AES-128 trojan circuits are used as features in this experiment. The stabilizing property of the feature selection method helps to bring a mutual trade-off between the precision and recall parameters thereby minimizing the number of false negatives. The proposed hardware trojan detection scheme produces a maximum of 10.3% improvement in accuracy and reduction up to a single feature by employing the modified whale optimization technique. Thus the evaluation results conducted on various trust-hub cryptographic benchmark circuits prove to be efficient from the existing state-of-art methods.