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Earnings Call

PDS Earnings Call: Key Takeaways

PDS delivered FY26 revenue of ₹13,110cr (up 4%) and GMV of ₹19,666cr. Management is transitioning to a high-value 'sourcing-as-a-service' model with focus on North American expansion and cost rationalization.

Why this was an Alfa AlertNot a filter event. Financial results for FY26 showed modest growth and did not materially beat prior guidance.
Highlights
Revenue growth4% YoY for FY26.
MarginsGross margins improved 48bps to 20.6% in FY26.
Order book₹5,074cr as of April 2026, up 11%.
Demand visibilityEncouraging visibility for FY27 via 11% higher order book.
Management confidenceHigh on mid-teens long-term growth.

Growth

FY26 Revenue grew 4% to ₹13,110cr; GMV grew 5% to ₹19,666cr. PAT declined to ₹178cr from ₹241cr.

Outlook

Targeting 40-50bps annual gross margin improvement and mid-teens growth over the medium-to-long term. Order book up 11%.

Risks

Cautious consumer sentiment, geopolitical disruptions, and challenges in the brand wholesale business (Ted Baker/New Lobster).

Source

Earnings Call filed with BSE, NSE: PDSL. Summary written with AI assistance from the document.

Read the document ↗

PDS Ltd: key numbers

Share price
₹357.65
Market cap
₹5,059 Cr
Revenue (annual)
₹13,110 Cr
Net profit (annual)
₹111.7 Cr
P/E (TTM)
43.0×Sector 55.7×
Promoter holding
61.37%+0.00% QoQ
FII holding
3.78%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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