PDS Limited has informed the Exchange about Transcript

PDS Limited reported FY 2026 results with GMV of ₹19,666 crores (5% YoY growth) and revenue of ₹13,110 crores (4% growth). Gross margins improved 48 bps to 20.6%, supported by procurement efficiencies and BCG-led cost transformation (Project PULSE). EBITDA declined to ₹385 crores from ₹457 crores, while PAT fell to ₹178 crores from ₹241 crores, impacted by one-time restructuring costs and investments in new verticals. However, Q4 showed strong recovery with PAT growing 95% QoQ to ₹72 crores. Order book stood at ₹5,074 crores as of early April, up 11% YoY, with North America order book up ~30%. Net working capital improved dramatically from 17 days to 4 days, and net debt was reduced from ₹374 crores to ₹105 crores. Management guided for 40-50 bps annual gross margin improvement over next 1-2 years with 50-75 bps EBITDA margin improvement. Mid-single digit revenue growth and ~10% profit growth expected for FY 2027. Investment in new verticals reduced by 27% and targeted to fall to ₹80 crores in FY 2027. Key challenges include brand business (New Lobster/Ted Baker) impacted by franchisee bankruptcies.