PDS Ltd (NSE:PDSL)

Q1 2026 PDS Ltd Earnings Call Transcript

Aug 1, 2025 / 10:30 AM GMT

Release Date Price: ₹351.1 (-0.51%)

Transcript

Key Points

Positve

PDS Ltd (BOM:538730) reported a 14% year-on-year growth in revenue, with existing businesses growing by 7% and new verticals delivering 85% growth.
The company has successfully increased sales in the Americas by 26% year over year, despite challenges posed by US tariffs.
PDS Ltd's gross merchandise value increased by 19% year over year, with significant sales growth from key customers like Primark, Next, and Tesco.
The company is leveraging its asset-light model and diversified sourcing footprint to remain agile and responsive in a challenging global environment.
PDS Ltd has made tangible progress on cost optimization, organization streamlining, and portfolio realignment, with the help of Boston Consulting Group, aiming for long-term value creation.

Negative

Gross margins declined by 139 basis points from 20.8% to 19.4% due to market disruptions and high-margin business declines.
The company faces ongoing pressure on margins due to elongated buying cycles and recalibration of sourcing strategies in key markets.
PDS Ltd's profit after tax decreased to 0.7% from 1.2% in the previous year, attributed to a higher effective tax rate due to global minimum tax implementation.
The US tariff environment remains fluid, causing cautiousness among customers and impacting sourcing decisions.
The company experienced a decline in sales from high-margin customers like Gary Weber and Matalan, affecting overall margins.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

PDSL.NS - PDS Ltd
Q1 2026 PDS Ltd Earnings Call
Aug 01, 2025 / 10:30AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to the PDS Limited Q1 F 526 earnings conference call. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing, then 0 on a touchstone phone.

Please note that this call is being recorded. With this, I now hand the conference over to Ms. Rea Josef, deputy group CFO.

Thank you and over to you.

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Unidentified_2 [2]
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Ma'am.

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