PDS Limited, the global fashion solutions and infrastructure company offering customized solutions to global brands and retailers across services like product development, sourcing, manufacturing, and brand management, has announced its financial results for Q1FY25.
Key Highlights for the Quarter
• 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 $576 Mn 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 Q1 FY25 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.
