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Mumbai, 24 July th, 2024: PDS Limited, the international provider of fashion solutions and infrastructure, provides global brands and retailers with tailored solutions in the areas of product creation, sourcing, Manufacturing and brand management have released their Q1FY25 financial results.
Consolidated Financial Results Q1 FY25: ₹ in Crs. Unless mentioned otherwise
Principal Aspects of the Quarter
FY25 got off to a great start with a 28% rise in Gross Merchandise Value handled, which translated into a 24% YoY improvement in topline.
The order book is still strong, having increased by 24% to $576 million from the previous year.
Value-adding business continues to fuel the road toward gross margin improvement.
PAT recorded a 34% increase.
US businesses kept growing, and most recently, a US fast fashion company was added.
In his discussion of the Q1 FY25 results, Pallak Seth, the Executive Vice Chairman, stated, “PDS has been actively adapting its strategies to meet evolving market demands in response to varied consumer trends.” We are happy to see growth in new areas and to keep going in the direction of expansion inside US borders. We are dedicated to meeting the evolving demands of the US fashion industry by using our expertise and global sourcing network.
“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.
PDS Limited’s website: www.pdsltd.com
PDS Limited is a global platform for fashion infrastructure that handles over $1.8 billion in gross merchandise value for major brands and retailers globally. It provides product development, sourcing, manufacturing, and distribution services. With more than 90 offices spread over 22 countries, the company employs over 4,200 people and has 6,000 factories worldwide. partners around the globe. PDS also provides customized end-to-end outsourcing services, enlisting committed personnel and infrastructure to act as a brand’s and retailer’s extended arm. In FY24, the Company declared consolidated revenues of ₹10,373cr.