PDS Reports 14% QoQ Growth in Q2 FY26 Results

PDS Limited, a global supply chain solutions company providing customized services to international brands and retailers — including product development, sourcing, manufacturing, and brand management — announced its consolidated financial results for the quarter and half year ended September 30, 2025.

Consolidated Financial Results (₹ in crore, unless stated otherwise)

Commenting on the results, Pallak Seth, Executive Vice Chairman, stated:

“Our results demonstrate that sustainable growth is achieved through focus, efficiency, and disciplined execution. Our growth journey is centered on strengthening and expanding the potential of our existing businesses and partnerships, with no new investments at this stage. By sharpening our focus on execution, leveraging synergies, and fostering collaboration across our global network, we are building a stronger, more efficient, and purpose-driven PDS — one that grows sustainably and responsibly while upholding the highest standards of governance.”

Sanjay Jain, Group CEO, added:

“We continue towards our commitment of building a resilient, cost-efficient PDS. Our focus remains on driving operational excellence across our core business verticals, which is starting to show in our results, with optimized working capital and reduced net debt levels. By focusing on high-impact areas and streamlining underperforming verticals, we are enabling responsible growth and building a future-ready organization scaling towards enhancing profitability.”

Business Highlights

• Order Book: ₹5,308 crore as of early October 2025, up 15% YoY, reflecting steady business momentum despite global macroeconomic challenges.
• Working Capital Efficiency: Net working capital days improved from 17 days (March 2025) to 6 days (September 2025), driving ₹593 crore cash flow from operations.
• Dividend: The Board approved an interim dividend of ₹1.65 per share, consistent with the previous year.

PDS continues to reinforce its global leadership in responsible sourcing and sustainable supply chain solutions while focusing on disciplined execution and long-term value creation.