Mumbai, May 16th, 2025: 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 Q4 & FY25.
Consolidated Financial Results Q4FY25 and FY25: (₹ in crs, unless mentioned otherwise)
| Particulars | Q4 FY25 | Q3 FY25 | (Q-o-Q) | FY25 | FY24 | (Y-o-Y) |
| Gross Merchandise Value | 5,007 | 4,402 | 14% | 18,744 | 15,048 | 25% |
| Revenue from Operations | 3,526 | 3,125 | 13% | 12,578 | 10,373 | 21% |
| Gross Profit | 701 | 637 | 10% | 2,531 | 2,111 | 20% |
| Gross Margin (%) | 19.9% | 20.4% | -51 bps | 20.1% | 20.4% | -23 bps |
| EBITDA | 139 | 96 | 46% | 457 | 392 | 17% |
| EBITDA Margin (%) | 4.0% | 3.1% | 89 bps | 3.6% | 3.8% | -14 bps |
| PAT | 75 | 42 | 76% | 241 | 203 | 19% |
| PAT Margin (%) | 2.1% | 1.4% | 76 bps | 1.9% | 2.0% | -3 bps |
Key Highlights for the Year
- Clocked GMV of ₹18,744crs in FY25, growth of 25% y-o-y
- Reported Consolidated topline of ₹12,578crs, growth of 21% y-o-y
- Achieved PAT of ₹241crs, growth of 19% y-o-y
- Growth achieved across all geographies; the Americas leading with a growth of 39% y-o-y
- Order book in early April stands strong at +$600 million, growth of 14%
- UK-India FTA unlocks a powerful growth runway for manufacturing and strategic sourcing from the region.
- US tariff developments effectively managed through strategic negotiations, ensuring stability and continued growth
- Proposed dividend of ₹3.35 per share, 30% of EPS, 168% of face value – of which ₹1.65 per share paid in H1FY25 as interim dividend
Key Highlights for the Quarter
- Clocked GMV of ₹5,007crs in Q4 FY25, growth of 14% q-o-q
- Reported Consolidated topline of ₹3,526crs, growth of 13% q-o-q
- Achieved PAT of ₹75crs, growth of 76% q-o-q
Commenting on the industry outlook, Pallak Seth, Executive Vice Chairman, said: “The industry is at an inflection point, marked by two key developments that have the potential to shape its future. At PDS, we have responded to the evolving global landscape with agility and foresight—enhancing our sourcing capabilities, driving operational efficiencies, and positioning ourselves ahead of the curve. Recent shifts, such as the US tariff adjustments and the advancement of the UK-India FTA, are well-timed catalysts that our strategic vision and unlock new opportunities for sustainable growth.”
Sanjay Jain, Group CEO, commented on the company’s FY25 performance “FY25 has been a year of strong, broad-based growth for PDS, with GMV reaching $2.2 billion—a 25% year-on-year increase. Growth was visible across all geographies, with the Americas leading at 39%, reflecting the strength of our global platform. Our strong order book of over $600 million in early April, up 14% from last year, gives us confidence in the year ahead. ed by BCG, we have initiated a series of cost optimization and transformation initiatives that are expected to deliver tangible results and further enhance operational efficiency.”