PDS Limited, a leading global fashion solutions provider, has announced robust financial results for the fourth quarter and full fiscal year 2025. The company posted a 21% year-on-year rise in consolidated revenue, reaching ₹12,578 crore, and a 19% increase in profit after tax (PAT), totaling ₹241 crore for FY25.
In the fourth quarter (Q4 FY25), PDS achieved Gross Merchandise Value (GMV) of ₹5,007 crore, a 14% quarter-on-quarter growth, and a 13% rise in revenue to ₹3,526 crore. PAT surged by 76% quarter-on-quarter, reaching ₹75 crore. While gross margin for the full year slightly dipped to 20.1%, the EBITDA margin remained stable at 3.6%.
Financial Highlights – FY25 vs FY24:
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GMV: ₹18,744 crore (↑25%)
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Revenue from Operations: ₹12,578 crore (↑21%)
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Gross Profit: ₹2,531 crore (↑20%)
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EBITDA: ₹457 crore (↑17%)
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PAT: ₹241 crore (↑19%)
Key Business Drivers:
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Geographic expansion: All regions showed growth, with the Americas leading at 39% YoY increase.
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Strong order pipeline: An order book exceeding $600 million, up 14% YoY, as of early April 2025.
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UK-India FTA & US Tariff Strategy: Positive policy developments such as the Free Trade Agreement between the UK and India and effective handling of US tariff changes are expected to fuel further strategic growth.
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Dividend proposal: A total dividend of ₹3.35 per share is proposed, of which ₹1.65 was disbursed as an interim dividend earlier in the fiscal year.
Leadership Commentary:
Pallak Seth, Executive Vice Chairman, remarked that the fashion industry is at a pivotal stage, shaped by global trade dynamics and policy shifts. He emphasized PDS’s proactive stance in enhancing sourcing capabilities and navigating changes to maintain growth momentum.
Sanjay Jain, Group CEO, highlighted the broad-based nature of the company’s growth in FY25, especially in the Americas. He also noted ongoing collaboration with BCG on transformation and cost optimization initiatives aimed at further improving operational efficiency.
