India’s PDS Limited, a global fashion solutions and infrastructure company, has reported gross merchandise value (GMV) of ₹38.98 billion (approximately $465.5 million) in the first quarter of fiscal 2025 (Q1 FY25), reflecting a robust 28 per cent year-over-year increase from ₹30.43 billion in Q1 FY24. Revenue from operations also saw a substantial rise, reaching ₹26.21 billion in Q1 FY25, up 24 per cent from ₹21.15 billion in the same period last year.

The company's gross profit experienced an impressive 38 per cent growth, climbing to ₹5.45 billion in Q1 FY25 from ₹3.95 billion in Q1 FY24. Furthermore, PDS Limited's profit after tax (PAT) increased by 34 per cent, amounting to ₹310 million in Q1 FY25 compared to ₹230 million in the previous year's first quarter.

“PDS has been actively adapting its strategies to meet evolving market demands in response to varied consumer trends. We are pleased to witness growth across geographies and to resume our trajectory of expansion in the US region. Our focus remains on leveraging our global sourcing network and expertise to address the dynamic demands of the American fashion industry,” said Pallak Seth, executive vice chairman.

“We are pleased with the strong start to FY25, reflecting the effectiveness of our strategic initiatives. Our order book remains robust, demonstrating significant growth over the previous year. The ongoing expansion of our gross margins underscores our focus on value-accretive businesses. Our concerted efforts to enhance operating efficiency and prioritize working capital management have delivered positive outcomes, reinforcing our commitment to sustainable growth," said Sanjay Jain, group CEO.

Fibre2Fashion News Desk (DP)