Mumbai, 10th February 2026: PDS Limited, the global supply chain solutions company offering customized solutions to global brands and retailers across services like product development, sourcing, manufacturing, and brand management, announced its consolidated financial results for the quarter and nine months ended December 31, 2025.
Consolidated Financial Results Q3FY26 and 9MFY26:
(₹ in crs, unless mentioned otherwise)
| Particulars | Q3 FY26 | Q3 FY25 | Growth | 9M FY26 | 9M FY25 | Growth |
| Gross Merchandise Value | 4,660 | 4,402 | 6% | 14,760 | 13,737 | 7% |
| Revenue from Operations | 3,173 | 3,125 | 2% | 9,591 | 9,052 | 6% |
| Gross Profit | 720 | 637 | 13% | 1,982 | 1,830 | 8% |
| EBITDA | 109 | 96 | 11% | 263 | 312 | -16% |
| PAT | 37 | 45 | -18% | 106 | 162 | -35% |
Commenting on the results, Pallak Seth, Executive Vice Chairman said, “The global apparel landscape continues to be shaped by evolving trade dynamics, sourcing realignments and shifting customer priorities. Demand trends are exhibiting gradual and uneven stabilisation across key markets, with customer buying behaviour remaining cautious. Benefits from the EU trade agreement, UK FTA & reduced US tariffs on India & Bangladesh are expected to unfold progressively, the acquisition of Knit Gallery & our diversified sourcing operations position us well to capture these opportunities.”
Sanjay Jain, Group CEO, further added “In a period marked by external volatility, we remain focused on strengthening operational effectiveness across the organisation. We have undertaken strategic actions to optimise costs at both the platform and business levels, reinforcing our commitment to building a resilient and cost-efficient PDS. By concentrating on high-impact areas and streamlining underperforming verticals, we are enabling sustainable growth while building a stronger, future-ready organisation focused on enhancing long-term profitability.”
Key Highlights
• Net Working Capital improved from ~17 days to ~7 days over the last 9 months
• ₹644cr operating cash flow generated in 9M
• Net Debt reduced from ₹374cr (Mar’25) to ₹70 cr (Dec’25).
• Benefits expected from recently signed EU-India trade deal, UK FTA & US Tariff reductions in India (Knit Gallery) & Bangladesh
