PDS Ltd.’s revenue growth has increased Y-o-Y by 42 per cent and stands at Rs. 8,828crore (US $1.185 billion), while its profit after tax (PAT) rose Y-o-Y by 97 per cent at Rs. 293 crore (US $39 million).
The company is now geared upto attain US $2.5 billion in revenue.
PDS, which currently operates out of 50 offices across 22 countries, issued its FY ‘22 Annual Report and said that focusing on sourcing as a service, it has strategic contracts with Hanes Brands, s.Oliver and other marquee brands.
Notably, during the Q4 ‘22, manufacturing business turned PAT positive.
PDS is deepening its presence in the US, which is one of the top five apparel markets globally. It has already witnessed significant rise in its North American sales, contributing to 16 per cent of its topline, with a potential to cross 20 per cent in the near to-mid term.
The company is also expanding its licensing and brand portfolio and in its commitment to sustainability,it has installeda 500 kW solar energy capacity at Trincomalee, Sri Lanka.
“In FY ‘22, we took a new step towards bolstering our service offering under the Sourcing as a Service customised solution. With this, we are pioneering highly integrated and specialised sourcing services for our customers,” said Pallak Seth, Vice Chairman of the company.
The sourcing business reported a topline growth of 40 per cent and an Earnings Before Interest and Taxes (EBIT) growth of 3 per cent.
“As we move forward, we would continue to deliver more and deliver better for every stakeholder. Our US $2.5 billion revenue goal is only an indication of what the future has in store. With a dedicated team, growing scale, in-house expertise, solid network and a tech-led ecosystem, we are ready for the next leap. In achieving this, I request your sustained support and faith,” said Sanjay Jain, CEO of the company.
Bharat Tex Special Report 2026 
