PDS reports Q1 FY26 results with 14 per cent Y-o-Y topline growth

The company’s Gross Merchandise Value (GMV) rose by 19 per cent to Rs 46.34 billion, up from Rs 38.98 billion in Q4 FY25.

PDS, the global supply chain solutions company offering customized solutions to global brands and retailers across services like product development, sourcing, manufacturing, and brand management, has announced its financial results for Q1 FY26.

In its consolidated financial results for Q1 FY26, PDS reported a strong quarter-on-quarter (Q-o-Q) performance across key metrics. The company’s Gross Merchandise Value (GMV) rose by 19 per cent to Rs 46.34 billion, up from Rs 38.98 billion in Q4 FY25. Revenue from operations also witnessed a healthy 14 per cent increase, reaching Rs 29.99 billion compared to Rs 26.21 billion in the previous quarter. Gross profit stood at Rs 5.82 billion, marking a 7 per cent rise from Rs 5.45 billion. However, EBITDA declined by 31 per cent to Rs 510 million, and Profit After Tax (PAT) dropped by 36 per cent to Rs 200 million, reflecting pressure on margins during the quarter.

Commenting on the market dynamics, Pallak Seth, Executive Vice Chairman said, “While Q1 FY26 reflects a dip in profitability owing to macroeconomic headwinds, we remain firmly on track to deliver on our long-term growth vision. PDS’s asset-light, demand-responsive model continues to enable scalable solutions across key global markets. The recent India-UK FTA marks a pivotal step toward enhanced trade flows and deeper partnerships, especially given our strong presence in Europe and the UK. At the same time, the US tariff landscape remains uncertain and requires stabilization to provide greater visibility. As the macro environment stabilizes and our verticals mature, we remain confident in achieving our vision.”

Sanjay Jain, Group CEO, further added “PDS is undergoing a transformation for building a leaner, more agile organisation focused on long-term value creation. Our cost optimisation programme are already showing promising early signals, reinforcing our commitment to operational excellence and profitability. We’ve consolidated teams and enhanced execution agility across the platform. As we streamline underperforming verticals and reallocate capital toward high-potential areas, we remain committed to our guidance. With strong fundamentals, disciplined execution and improved cost structure, we are well positioned for sustained, future-ready growth.”