PDS’ GMV rises by 19% while EBITDA declines 31% in Q1, FY26

04 August 2025, Mumbai 

A global supply chain solutions company for fashion brands and retailers, PDS Ltd saw strong top-line growth in Q1, FY26. However, its profitability declined during the period.

The company’s Gross Merchandise Value (GMV) increased by 19 per cent Q-o-Q to Rs 4,634 crore while its revenue from operations rose by 14 per cent Q-o-Q to Rs 2,999 crore. However, despite this growth, PDS’ profitability metrics declined during the quarter, with EBITDA falling by 31 per cent to Rs 51 crore and profit after tax (PAT) decreasing by 36 per cent to Rs 20 crore compared to the previous quarter.

Pallak Seth, Executive Vice Chairman, attributes this dip in profitability to macroeconomic headwinds. He emphasizes, the company's asset-light, demand-responsive model continues to provide scalable solutions in key global markets. The recent India-UK Free Trade Agreement (FTA) helps the company boost presence in Europe and the UK, he notes.

Sanjay Jain, Group CEO, states, PDS is undergoing a transformation for building a leaner, more agile organization and is implementing cost optimization programs. These initiatives include consolidating teams, enhancing execution agility, and reallocating capital from underperforming business verticals to areas with higher growth potential. Combined with strong fundamentals, these changes will position the company for ‘sustained, future-ready growth,’ he affirms.

A global fashion infrastructure platform, PDS offers a wide range of services from product development and sourcing to manufacturing and brand management. The company operates in 22 countries with a network of over 90 offices and 4,500 employees, handling over $2.2 billion in Gross Merchandise Value.

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