The company reported gross merchandise value (GMV) of ₹19,666 crore (~$2.04 billion) in FY26, up 5 per cent year-on-year (YoY), while consolidated topline increased 4 per cent YoY to ₹13,110 crore (~$1.36 billion). The gross margin improved by 48 basis points (bps) to 20.6 per cent.
PDS Limited has reported higher FY26 revenue and profit despite global trade and demand uncertainties.
GMV rose 5 per cent YoY to ₹19,666 crore (~$2.04 billion), while consolidated topline grew 4 per cent to ₹13,110 crore (~$1.36 billion).
PAT stood at ₹178 crore (~$18.49 million), with gross margin improving to 20.6 per cent.
The company also strengthened its cash flow and reduced debt.
“FY26 was a challenging year marked by heightened global uncertainties—from evolving US tariff actions and geopolitical conflicts creating persistent trade and supply chain disruptions—all of which weighed on consumer sentiment and demand visibility,” said Pallak Seth, executive vice chairman, PDS.
It reported the profit after tax (PAT) of ₹178 crore (~$18.49 million) for full fiscal, with a margin of 1.4 per cent.
The company’s order book as of early April stood at ₹5,074 crore, up 11 per cent. Net working capital improved significantly from around 17 days to nearly 4 days, while operating cash flow stood at ₹781 crore in FY26. Net debt reduced from ₹374 crore in March 2025 to ₹105 crore in March 2026.
“PDS demonstrated the resilience of its platform by delivering stable growth, supported by deep customer relationships and disciplined execution through our diversified sourcing network. We continued to strengthen our US presence, secured a new sourcing-as-a-service mandate with a new value customer having a potential to scale over $50 million, alongside deeper engagement with existing customers,” added Seth.
Quarterly EBITDA and PAT improve
Meanwhile, PDS reported a consolidated topline of ₹3,519 crore (~$365.5 million) in Q4 FY26, up 11 per cent quarter-on-quarter (QoQ), while GMV for the quarter rose 5 per cent QoQ to ₹4,905 crore (~$509.4 million).
The company achieved EBITDA of ₹122 crore during the quarter, registering 12 per cent QoQ growth. EBITDA margin stood at 3.5 per cent, improving by 2 bps. PAT rose sharply by 95 per cent QoQ to ₹72 crore, with a margin of 2 per cent.
“As global sourcing corridors continue to evolve, PDS remains well positioned to benefit from emerging trade tailwinds, while simultaneously strengthening its competitive advantage through deeper integration of technology and AI across the value chain,” said Seth.
Fibre2Fashion News Desk (SG)
