PDS hits record quarterly sales, accelerates growth in Q2 FY25

The India-headquartered company achieved its highest-ever quarterly GMV of ₹5,437 crore, marking a 26 per cent increase over the previous quarter. The company’s normalised EBITDA rose by 52 per cent to ₹185 crore, with a 6.0 per cent margin, and normalised PAT surged by 62 per cent to ₹131 crore, reaching a 4.3 per cent margin. The growth momentum is set to continue, with a robust order book of approximately $620 million, representing over 20 per cent year-on-year growth.

For H1 FY25, PDS handled GMV worth ₹9,335 crore (crossing $1.1 billion), and reported a topline of ₹5,927 crore, a 29 per cent growth. Normalised EBITDA for the half-year stood at ₹306 crore reflecting a 27 per cent growth with a 5.5 per cent margin, while normalised PAT grew by 39 per cent to ₹211 crore, with a 3.8 per cent margin. Additionally, an interim dividend of ₹1.65 per share was declared, further enhancing shareholder value.

Speaking on the Q2 FY25 performance, Pallak Seth, Executive Vice Chairman, said “As evident from our recent performance, we are back on track to achieve our long-term targets. During the quarter, we have witnessed strong growth across geographies, categories and service offering for our key customers. In the short term, steady interest rates and easing inflation across geographies increases our optimism. We remain vigilant, ready to adapt and refine our approach to stay resilient and responsive in a dynamic landscape.”

“We are thrilled at our growth trajectory which is a testament to the impact of our strategic initiatives and resilience of our business model. Our expanding order book is a clear indicator of the momentum we are building. We anticipate continued profitability enhancements in the coming quarters, fuelled by operating leverage, new verticals reaching scale and unlocking growth potential, along with capitalising on strategic synergies. Our recent progress underscores our commitment to delivering sustainable, long-term profitable growth,” said Sanjay Jain, Group CEO.

Fibre2Fashion News Desk (RKS)