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PDS Multinational Fashions, a leading global plug and play design-led platform offering product development and supply chain platforms catering to leading brands and retailers globally, has reported an 18 per cent revenues hike to ₹2,195 crore in the second quarter (Q2) of FY22 over the same period of prior fiscal. Profit after tax during the quarter expanded to ₹67 crore (Q2 FY21: ₹18 crore).
PDS Multinational Fashions, a global plug and play design-led platform offering product development and supply chain platforms catering to leading brands and retailers, reported 18 per cent revenues hike to ₹2,195 crore in the second quarter (Q2) of FY22 over the same period of prior fiscal. Profit after tax expanded to ₹67 crore (Q2 FY21: ₹18 crore).
“We are truly excited to have reported our strongest quarterly performance in the last 5 years. In line with our strategy to expand beyond the predominant markets of UK and Europe, we have deepened our presence in the North American markets with H1 FY22 achieving 90 per cent of full year FY21 sales,” Sanjay Jain, Group CEO, PDS Multinational Fashions Limited, said in a press release.
PDS Multinational Fashions, a global plug and play design-led platform offering product development and supply chain platforms catering to leading brands and retailers, reported 18 per cent revenues hike to ₹2,195 crore in the second quarter (Q2) of FY22 over the same period of prior fiscal. Profit after tax expanded to ₹67 crore (Q2 FY21: ₹18 crore).
The Indian firm’s earnings before interest, tax, depreciation, and amortisation (EBITDA) for the three-month period surged to ₹84 crore (₹35 crore), while reported earnings before interest and taxes (EBIT) totalled to ₹78 crore (₹29 crore).
PDS Multinational Fashions, a global plug and play design-led platform offering product development and supply chain platforms catering to leading brands and retailers, reported 18 per cent revenues hike to ₹2,195 crore in the second quarter (Q2) of FY22 over the same period of prior fiscal. Profit after tax expanded to ₹67 crore (Q2 FY21: ₹18 crore).
“PDS is leveraging its robust platform to propel into the next growth phase. On one hand, we are strategising the way forward through unlocking potential in untapped geographies and categories, building teams, collaborating with marquee customers, increasing wallet share of existing customers and strengthening the vendor network. On the other hand, we are transforming from being just a “fashion” company to a truly digital platform providing ESG compliant end-to-end solutions with sustainability at its core,” Jain further added.
PDS Multinational Fashions, a global plug and play design-led platform offering product development and supply chain platforms catering to leading brands and retailers, reported 18 per cent revenues hike to ₹2,195 crore in the second quarter (Q2) of FY22 over the same period of prior fiscal. Profit after tax expanded to ₹67 crore (Q2 FY21: ₹18 crore).
PDS continues to broaden its reach to major markets by strengthening the vendor network in strategic locations such as Vietnam which provides integrated solution and Turkey that benefits from shorter lead times, according to the company. Additionally in Sri Lanka, PDS through its subsidiary entered into a strategic exclusive partnership with two manufacturing facilities for the production of baby and kidswear catering to markets in North America and Europe.
PDS Multinational Fashions, a global plug and play design-led platform offering product development and supply chain platforms catering to leading brands and retailers, reported 18 per cent revenues hike to ₹2,195 crore in the second quarter (Q2) of FY22 over the same period of prior fiscal. Profit after tax expanded to ₹67 crore (Q2 FY21: ₹18 crore).
Moreover, the company has also recently launched an organic kidswear brand in India, Turtledove London, a responsibly created stylish unisex clothes for children, in a digital first format in association with FirstCry and Turtledove London.
Fibre2Fashion News Desk (JL)
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