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PDS Multinational reports margin growth in Q1 FY22

Aug 10, 2021
PDS Multinational reports margin growth in Q1 FY22

Bengaluru

PDS Multinational Fashions Ltd - a leading global plug-and-play design-led platform that offers product development platforms to brands - has announced its financial results for Q1 FY22.

As per the financials, revenues from operations were Rs 16.26 billion in Q1 FY22. The Gross margins expanded from 16.7% to 17.3% in Q1 FY22.

According to Pallak Seth, Vice Chairman, PDS Multinational Fashions Limited, the company offers a platform that acts as a link between retailers/brands and suppliers. The platform focuses a lot on sustainability efforts. He also said that it is the responsibility of the corporate to minimize environmental impact and. He further said that the company is pleased to have Parth Gandhi and Sunil Srivastav as board members.

As per Sanjay Jain, Group CEO, PDS Multinational Fashions Limited, the first quarter of the year has begun on a positive note as there has been strong growth and expansion. He also said that the sourcing segment has been able to achieve high scalability with minimal CAPEX.  The losses have reduced and the company has been able to achieve an ROCE of 33% and ROE of 29% in the first quarter.

The PDS platform has a special focus on sustainability. It follows a strategy of “Right Product, Right Country, and Right Factory” which helps in low impact distribution and emissions.

Source – Press release of "PDS"

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