Textiles company PDS announced Q1FY26 results Revenue from Operations: Rs 2,999 crore compared to Rs 2,621 crore during Q1FY25, change 14%. EBITDA: Rs 51 crore compared to Rs 73 crore during Q1FY25, change -31%. PAT: Rs 20 crore compared to Rs 31 crore during Q1FY25, change -36%. Pallak Seth, Executive Vice Chairman said: “While Q1FY26 reflects a dip in profitability owing to macroeconomic headwinds, we remain firmly on track to deliver on our long-term growth vision. PDS’s asset-light, demand-responsive model continues to enable scalable solutions across key global markets. The recent India-UK FTA marks a pivotal step toward enhanced trade flows and deeper partnerships, especially given our strong presence in Europe and the UK. At the same time, the US tariff landscape remains uncertain and requires stabilization to provide greater visibility. As the macro environment stabilizes and our verticals mature, we remain confident in achieving our vision." Sanjay Jain, Group CEO, said: “PDS is undergoing a transformation for building a leaner, more agile organisation focused on long-term value creation. Our cost optimisation programmes are already showing promising early signals, reinforcing our commitment to operational excellence and profitability. We’ve consolidated teams and enhanced execution agility across the platform. As we streamline underperforming verticals and reallocate capital toward high-potential areas, we remain committed to our guidance. With strong fundamentals, disciplined execution and improved cost structure, we are well positioned for sustained, future-ready growth.” Result PDF
Textiles company PDS announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: Clocked GMV of Rs 5,007 crore in Q4FY25, growth of 14% q-o-q Reported Consolidated topline of Rs 3,526 crore, growth of 13% q-o-q Achieved PAT of Rs 75 crore, growth of 76% q-o-q EBITDA stood at Rs 139 crore for Q4FY25 vs Rs 96 crore for Q3FY25 FY25 Financial Highlights: Clocked GMV of Rs 18,744 crore in FY25, growth of 25% y-o-y Reported Consolidated topline of Rs 12,578 crore, growth of 21% y-o-y Achieved PAT of Rs 241 crore, growth of 19% y-o-y Growth achieved across all geographies; the Americas leading with a growth of 39% y-o-y Order book in early April stands strong at +$600 million, growth of 14% UK-India FTA unlocks a powerful growth runway for manufacturing and strategic sourcing from the region. US tariff developments effectively managed through strategic negotiations, ensuring stability and continued growth Proposed dividend of Rs 3.35 per share, 30% of EPS, 168% of face value - of which Rs 1.65 per share paid in H1FY25 as interim dividend Commenting on the industry outlook, Pallak Seth, Executive Vice Chairman, said: "The industry is at an inflection point, marked by two key developments that have the potential to shape its future. At PDS, we have responded to the evolving global landscape with agility and foresight—enhancing our sourcing capabilities, driving operational efficiencies, and positioning ourselves ahead of the curve. Recent shifts, such as the US tariff adjustments and the advancement of the UK-India FTA, are well-timed catalysts that support our strategic vision and unlock new opportunities for sustainable growth.” Sanjay Jain, Group CEO, commented on the company’s FY25 performance “FY25 has been a year of strong, broad-based growth for PDS, with GMV reaching $2.2 billion—a 25% year-on-year increase. Growth was visible across all geographies, with the Americas leading at 39%, reflecting the strength of our global platform. Our strong order book of over $600 million in early April, up 14% from last year, gives us confidence in the year ahead. Supported by BCG, we have initiated a series of cost optimization and transformation initiatives that are expected to deliver tangible results and further enhance operational efficiency.” Result PDF
Textiles company PDS announced Q3FY25 results Gross Merchandise Value: Rs 4,402 crore compared to Rs 3,786 crore during Q3FY24, change 16%. Revenue from Operations: Rs 3,125 crore compared to Rs 2,580 crore during Q3FY24, change 21%. PAT: Rs 43 crore compared to Rs 26 crore during Q3FY24, change 66%. Sanjay Jain, Group CEO, shared insights, said: " Our Q3FY25 and 9MFY25 results highlight PDS’s ability to navigate a dynamic global landscape while maintaining strong growth momentum. The acquisition of a majority stake in Knit Gallery India Pvt Ltd is a key milestone, strengthening our manufacturing capabilities and solidifying India’s strategic role in our operations. Alongside this, our collaboration with BCG on cost optimization and operational efficiencies reinforces our focus on scaling sustainably. With robust growth in North America and a strong order book of USD 425 million, we remain committed to driving sustainable value creation, fostering innovation, and enhancing synergies across our operations to deliver excellence to our stakeholders." Result PDF
Textiles company PDS announced H1FY25 & Q2FY25 results Q2FY25 Financial Highlights: Achieved highest-ever quarterly GMV of Rs 5,437 crore. The quarter with the highest sales till date, recorded a growth of 26% vs previous quarter. Normalised EBIDTA stood at Rs 185 crore, growth of 52% & margin of 6.0%. Normalised PAT grew by 62% reaching Rs 131 crore with a margin of 4.3%. Growth momentum expected to continue with an order book of ~USD 620 million, up over 20% YoY. H1FY25 Financial Highlights: GMV handled for the period increased by 39% at Rs 9,335 crore (crossing over USD 1.1 billion). Reported topline of Rs 5,927 crore registering growth of 29%. Normalised EBIDTA stood at Rs 306 crore, growth of 27% with margins of 5.5%. Normalised PAT grew by 39% at Rs 211 crore with a margin of 3.8%. Declared interim dividend of Rs 1.65 per share. Pallak Seth, Executive Vice Chairman, said: “As evident from our recent performance, we are back on track to achieve our long-term targets. During the quarter, we have witnessed strong growth across geographies, categories and service offering for our key customers. In the short term, steady interest rates and easing inflation across geographies increases our optimism. We remain vigilant, ready to adapt and refine our approach to stay resilient and responsive in a dynamic landscape” Sanjay Jain, Group CEO, said: “We’re thrilled at our growth trajectory which is a testament to the impact of our strategic initiatives and resilience of our business model. Our expanding order book is a clear indicator of the momentum we are building. We anticipate continued profitability enhancements in the coming quarters, fuelled by operating leverage, new verticals reaching scale and unlocking growth potential, along with capitalising on strategic synergies. Our recent progress underscores our commitment to delivering sustainable, long-term profitable growth.” Result PDF
Textiles company PDS announced Q1FY25 results: FY25 started on a strong note with a 28% increase in Gross Merchandise Value handled translating into 24% growth in topline (YoY) Order book continues to be strong with USD 576 million clocking a growth of 24% over last year Gross margin expansion journey continues on the back of value accretive business PAT clocked a growth of 34% US business continued to expand and recently onboarded a US fast fashion business Speaking on the Q1FY25 performance, Pallak Seth, Executive Vice Chairman, said “PDS has been actively adapting its strategies to meet evolving market demands in response to varied consumer trends. We are pleased to witness growth across geographies and to resume our trajectory of expansion in the US region. Our focus remains on leveraging our global sourcing network and expertise to address the dynamic demands of the American fashion industry.” “We are pleased with the strong start to FY25, reflecting the effectiveness of our strategic initiatives. Our order book remains robust, demonstrating significant growth over the previous year. The ongoing expansion of our gross margins underscores our focus on value-accretive businesses. Our concerted efforts to enhance operating efficiency and prioritize working capital management have delivered positive outcomes, reinforcing our commitment to sustainable growth." added Sanjay Jain, Group CEO. Result PDF
Textiles company PDS announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Gross Merchandise value increased by 19% to Rs 4,526 crore Consolidated topline of Rs 3,215 crore increased by 25% EBITDA of Rs 124 crore increased by 66% with EBITDA margin increase from 2.9% to 3.8% Normalised EBITDA is Rs 157 crore translating into a margin of 5.1% vs 4.2% (post investment in growth) PAT increased by 157% to Rs 65 crore with 2.0% margins vs 1% in the previous quarter FY24 Financial Highlights: Gross Merchandise value increased YoY by 25% to Rs 15,048 crore SAAS business delivering +240% growth in the FY24 Consolidated topline of Rs 10,373 crore with gross margins of 20.4%, expansion of 360bps EBITDA of Rs 402 crore with EBITDA margin of 3.9% Normalised EBITDA is Rs 502 crore translating into a margin of 5.0% vs 4.7% last year (post investment in growth) Investment in growth and capability expansion is ~Rs 100 crore PAT amounted to Rs 203 crore with 2.0% margins Declared dividend of Rs 3.15 per share Speaking on the developments during the year, Pallak Seth, Executive Vice Chairman, said, “In light of the current year’s performance, we perceive it as merely a transient phase in PDS's continuous evolution. The disruptions being witnessed in the fashion landscape are unveiling numerous promising prospects, prompting us to expand our talent pool and capabilities to seize these opportunities. We are fortified with confidence in our capacity to harness strategic advantages within the global fashion value chain. Our paramount goal remains consistent: to position ourselves as the foremost and innovative solutions provider throughout the fashion value chain.” Sanjay Jain, Group CEO, shared insights, stating, "As we reflect on our performance for both Q4FY24 and the fiscal year as a whole, it's evident that our journey has been marked by challenges amidst an environment of tepid demand. However, we are encouraged by the uptick in growth witnessed during the final quarter of the year. Looking ahead, our focus is squarely set on maximizing returns from the strategic investments made, with a keen emphasis on fostering synergies across our operations. We remain dedicated to unlocking the full potential of the PDS platform and leveraging synergies to drive sustainable growth in the years to come." Result PDF
Textiles company PDS announced Q3FY24 & 9MFY24 results: Gross Merchandise value increased YoY by 19% to Rs 10,724 crore in 9MFY24 SAAS business delivering +260% growth in the 9MFY24 Agency business delivering +90% growth in the 9MFY24 Consolidated topline of Rs 7,157 crore with gross margins of 20.6%, expansion of 375 bps Reported EBIDTA of Rs 278 crore with EBIDTA margin of 3.9% PAT amounted to Rs 137 crore; 9MFY23 PAT included one-time gain from real estate hence not comparable YoY PDS expanding our Manufacturing Footprint in Sri Lanka Acquired 26% stake in Nobleswear Pvt Ltd. through Norlanka Manufacturing Ltd. Specialized manufacturer of children's wear, casual wear, knit and woven products. Three state-of-the-art facilities across Sri Lanka- focused on quality, ethical manufacturing, and sustainability. Right to acquire an additional 24% stake at the same valuation over the next three years Nobleswsear Key Financials FY23 Topline of Rs 138 crore, EBITDA Rs 15 crore and PAT of Rs 11 crore Commenting on the business updates Pallak Seth, Executive Vice Chairman, said, “We view the current quarter as a mere blip in PDS's ongoing journey. The array of opportunities in our pipeline, coupled with the recent addition of top talent, instills confidence that we are well-prepared to capitalize on strategic opportunities emerging within the global fashion value chain. Our focus remains steadfast on achieving sustainable, long-term growth, as evidenced by our carefully planned strategic investments throughout the year. We are unwavering in our commitment to becoming the preferred and innovative solutions provider across the fashion value chain.” Reflecting on the Company's performance for Q3FY24 and 9MFY24, Sanjay Jain, Group CEO commented, "While this quarter proved to be subdued, we are poised for anticipated growth in the latter part of the year. We have refrained from implementing any cost optimization measures as we maintain confidence in the recovery of our business which is reflected in the margins. Our focus remains on fortifying our position across the entire fashion value chain while driving sustainable growth trajectories for the benefit of all our stakeholders." Result PDF
Textiles company PDS announced Q1FY24 results: Gross Merchandise Value of Rs 3,025 growth of 13% YoY Top line of Rs 2,115 crore Gross margins increased from 15.9% in Q1FY23 to 18.7% in Q1FY24 EBITDA of Rs 67 crore with 3.2% margins PAT stood at Rs 23 crore Achieved ROCE of 37% with ROE of 27% Speaking on the results, Pallak Seth, Executive Vice Chairman, said, “We believe that the forthcoming months may continue to present challenges, exerting an influence on our growth in the immediate period. However, our medium to long-term outlook is positive, and believe that the trajectory is expected to turn around in the latter part of the year. Despite the headwinds, we are focusing on building our capabilities and service offerings while exploring strategic opportunities to position ourselves for growth.” Commenting on the Company’s performance and outlook, Sanjay Jain, Group Chief Executive Officer said, “Our asset-light platform has proven valuable in navigating through the challenges confronted by the global fashion industry. While the quarter experienced subdued growth, we need to see it in the light of the ongoing macroeconomic headwinds, production slowdown due to extended EID holidays during the quarter, and comparison to an exceptional Q1FY23, which benefitted from post covid pent-up demand. We are looking forward to the opportunities that lie ahead and remain focused on delivering long-term value to our customers, employees, and shareholders.” Result PDF
Textiles company PDS announced FY23 results: Growth with a topline of Rs 10,577 crore and a growth of 20% as compared to Rs 8,828 crore in FY22 Gross Margin of 16.7% EBITDA increased by 40% to Rs 459 crore from Rs 327 crore in FY22, with FY23 margins of 4.3% PAT stood at Rs 327 crore vs Rs 293 crore in FY22, registering a growth of 12% The company has declared a 255% dividend of Rs 5.10 per share, of which Rs 2.50 was paid as an interim dividend. This translates into a payout of 25% on EPS Speaking on the results, Pallak Seth, Executive Vice Chairman, said, “At PDS, we are well-poised to take advantage of disruptions within the fashion value chain to increase our share of wallet, profit, and margins, resultantly the quality of earnings. The company is pursuing such opportunities through its bespoke Sourcing as a Service and Brand Management models, aiming for sustained growth with long-term annuity agreements. This year, we have established strategic relationships with top brands and retailers by offering customized solutions for specific territories. Additionally, we see several opportunities unfolding as brands increasingly seek to collaborate with end-to-end supply chain companies like PDS.” Commenting on the company’s performance and outlook, Sanjay Jain, Group Chief Executive Officer said, “Notwithstanding a year of economic uncertainty, we at PDS have remained focused on building a strong sourcing, manufacturing, and brand management platform. We delivered sustained profitability through our strategic initiatives, process improvements, and operational excellence. We remain committed to prudently navigating next year while maintaining our growth momentum to get to our ambition of USD 2.5 billion toplines in the next 3-5 years.” Result PDF
Textiles firm PDS announced Q3FY23 results: Q3FY23 vs Q3FY22: Revenue from operations increased by 15% to Rs 2,574 crore from Rs 2,232 crore in Q3FY22 Gross profit Rs 450 crore compared to Rs 371 crore, increased by 21%, with margin expansion of 86 bps EBITDA increased by 27% to Rs 132 crore from Rs 104 crore in Q3FY22 PBT was Rs 99 crore, a growth of 17% PAT increased to Rs 93 crore compared to Rs 81 crore in Q3FY22 Basic EPS stood at Rs 5.94, a growth of 18% 9MFY23 vs 9MFY22: Revenue from operations increased by 29% to Rs 7,835 crore from Rs 6,053 crore in 9MFY22 Gross profit Rs 1,317 crore compared to Rs 1,013 crore in 9MFY22, increased by 30% EBITDA increased by 46% to Rs 327 crore from Rs 223 crore in 9MFY22 PBT stood at Rs 271 crore, a growth of 25% PAT stood at Rs 250 crore vs Rs 207 crore in 9MFY22, growth of 21% Basic EPS stood at Rs 15.97, growth of Rs 21% Speaking on the results, Pallak Seth, Vice-Chairman, said, “As the globe is contending with demand pressures in the near term, we are capitalizing on opportunities within our supply chain to maximize our revenues and margins. With several strategic opportunities under our bespoke sourcing as a service model and expansion in manufacturing capabilities, we at PDS are looking towards stronger and sustainable long-term growth across the platform.” Further added Sanjay Jain, Group Chief Executive Officer, “At PDS we have built a strong sourcing and manufacturing platform focused on delivering great quality with operational excellence. Over the last few quarters, we have made strategic investments across our value chain, expanding capabilities and new business verticals, that are expected to enhance our expertise as a design to delivery platform.” Result PDF