PDS Multinational reports margin growth in Q1 FY22
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.
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”
Also Read:
https://indiantextilejournal.com/interviews/sanjay-jain–pds-order-book-for-q1-2021-22-is-strong
