PDS Limited — PPTs, 10-02-2026: Investor Presentation

PDS Limited posted solid Q3 and nine-month financial results.

**Business Performance:** For 9M FY26, Gross Merchandise Value (GMV) reached ₹14,760 Cr (+7% YoY), with revenue growing 6% YoY to ₹9,591 Cr. Profit After Tax (PAT) increased 18% YoY to ₹106 Cr. Gross Margin expanded 45 basis points to 21%, while net working capital days significantly improved from 17 to 7.

**Growth Drivers & Strategy:** The company is strategically positioned to benefit from strengthening India-EU and UK Free Trade Agreements, diversifying its sourcing network, and integrating Knit Gallery India. PDS is also driving an enterprise-wide cost optimization program, leveraging AI and digital transformation for enhanced profitability.

**Recent Developments:** The acquisition and integration of Knit Gallery India marks a key expansion in manufacturing capabilities, particularly in India.

**Key Financial Metrics:** 9M FY26 highlights: GMV ₹14,760 Cr (+7% YoY), Revenue ₹9,591 Cr (+6% YoY), PAT ₹106 Cr (+18% YoY). Order book stands strong at ₹5,179 Cr (+6% YoY) with a normalized ROCE of 28%.

**Management Outlook:** Management anticipates continued long-term growth, driven by normalizing demand, ongoing vendor consolidation, and the benefits of strategic trade deals. Focus remains on operational excellence and sustained investments in AI and technology for future improvements.