PDS bags multi-year sourcing deal with French retailer

PDS has signed a multi-year partnership with the global sourcing arm of a leading French supermarket giant. 

While the retailer hasn't been named, PDS will now manage its textile sourcing operations across India, Bangladesh, Pakistan, Sri Lanka and Turkey.

Stock action: shares of PDS jumped 7% intraday on the back of this development.

Why it matters: it helps global brands design products, source materials, manufacture goods and deliver them to retailers.

Its client list is packed with big names like Ralph Lauren, Calvin Klein, Mango, Walmart, Tesco, Target, Carrefour and HanesBrands, among many others.

This latest partnership is expected to see PDS manage apparel sourcing worth more than $250 million annually, giving it an even bigger role in the global fashion supply chain.

Some numbers: in FY25, its Gross Merchandise Value (GMV), or the total value of products it handled, rose 25% to ₹18,744 crore. 

Revenue climbed 21% to ₹12,578 crore, while profit increased 19% to ₹241 crore.

Its profitability improved too, with normalised EBITDA rising 25%, driven by strong growth across regions. The Americas led the way with 39% growth, followed by Europe at 21% and the UK.

Another bright spot was its Sourcing as a Service (SaaS) business, which supported over $730 million in GMV and grew 56% year-on-year.