PDS Limited announced its consolidated financial results for Q2 FY2026-27 through a regulatory filing pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance Q2 FY27 (₹ in crore)

  • Revenue from Operations: ₹4,432 (highest-ever quarterly revenue)
  • Quarter-on-quarter growth: 28.7% (from ₹3,444 in Q1 FY27)
  • Year-on-year growth: 29.6% (from ₹3,419 in Q2 FY26)
  • EBITDA: ₹153
  • Quarter-on-quarter growth: 59.3% (from ₹96 in Q1 FY27)
  • Year-on-year growth: 48.7% (from ₹103 in Q2 FY26)
  • EBITDA Margin: 3.5% (increased by 66 bps from Q1 FY27, 44 bps from Q2 FY26)
  • PAT: ₹70
  • Quarter-on-quarter growth: 144.4% (from ₹29 in Q1 FY27)
  • Year-on-year growth: 44.2% (from ₹48 in Q2 FY26)
  • PAT Margin: 1.6% (increased by 75 bps from Q1 FY27, 16 bps from Q2 FY26)

Financial Performance H1 FY27 (₹ in crore)

  • Revenue from Operations: ₹7,876
  • Year-on-year growth: 22.7% (from ₹6,419 in H1 FY26)
  • EBITDA: ₹249
  • Year-on-year growth: 62.3% (from ₹154 in H1 FY26)
  • EBITDA Margin: 3.2% (increased by 77 bps from H1 FY26)
  • PAT: ₹98
  • Year-on-year growth: 43.8% (from ₹68 in H1 FY26)
  • PAT Margin: 1.3% (increased by 18 bps from H1 FY26)

Balance Sheet and Capital Structure Highlights

  • Strengthened balance sheet to a net cash positive position of ₹154 crore
  • Improved net working capital days to -5 days
  • Declared an interim dividend of ₹2.20 per share, representing a 33% increase compared to last year

Management Commentary

Pallak Seth, Executive Vice Chairman, stated that Q2 FY27 marks a defining quarter with highest-ever quarterly revenue and margin expansion. H1 reflects broadbased double-digit growth across categories, with North America up approximately 44%. The growth model focuses on landing new customers and expanding wallet share by deepening engagement across more categories, geographies and services.

Sanjay Jain, Group CEO, commented on the strengthened financial foundation through disciplined cash management and tighter working capital controls. The company is making progress in taking newer investments towards profitability, with portfolio rationalization on track. Digital and AI transformation roadmap execution has begun, expected to lift productivity, enhance operating leverage and optimize capital allocation.

Corporate Background

PDS Limited is a global fashion infrastructure platform offering product development, sourcing, manufacturing, and distribution for major brands and retailers worldwide, handling over $2.2 billion of Gross Merchandise Value. The company operates a global network covering over 90 offices in 22 countries, with over 4,400 employees and 5,500 factory associates worldwide. The company reported consolidated revenues of ₹13,110 crore in FY26.

Disclaimer

The press release contains forward-looking statements subject to risks and uncertainties including significant changes in economic environment, tax laws, inflation, litigation, etc. The company undertakes no obligation to update these statements.