Fashion
India’s PDS Limited reports 18% GMV growth & strong Q2 performance
The revenue from operations grew 14 per cent sequentially to ₹3,419 crore, while gross profit improved 17 per cent to ₹680 crore. EBITDA more than doubled to ₹103 crore in Q2 FY26, reflecting enhanced operational efficiency. Profit after tax (PAT) jumped 142 per cent quarter-over-quarter (QoQ) to ₹48 crore. On a half-yearly basis, EBITDA and PAT declined 31 per cent and 41 per cent YoY respectively, primarily due to higher input costs and strategic restructuring, PDS Limited said in a press release.
India’s PDS Limited has reported an 18 per cent rise in GMV to ₹5,467 crore (~$619.2 million) in Q2 FY26, with revenue up 14 per cent and PAT surging 142 per cent to ₹48 crore.
The order book reached ₹5,308 crore (~$601.1 million), up 15 per cent YoY.
Improved working capital efficiency generated ₹593 crore in cash flow, and the board declared an interim dividend of ₹1.65 per share.
“Our results demonstrate that sustainable growth is achieved through focus, efficiency, and disciplined execution. Our growth journey is centered on strengthening and expanding the potential of our existing businesses and partnerships, with no new investments at this stage. By sharpening our focus on execution, leveraging synergies, and fostering collaboration across our global network, we are building a stronger, more efficient, and purpose-driven PDS—one that grows sustainably and responsibly while upholding the highest standards of governance,” said Pallak Seth, executive vice chairman at PDS Limited.
“We continue towards our commitment of building a resilient, cost-efficient PDS. Our focus remains on driving operational excellence across our core business verticals, which is starting to show in our results, with optimized working capital and reduced net debt levels. By focusing on high-impact areas and streamlining underperforming verticals, we are enabling responsible growth and building a future-ready organization scaling towards enhancing profitability,” said Sanjay Jain, group CEO.
As of early October 2025, PDS Limited’s order book stood at ₹5,308 crore (~$601.1 million), marking a 15 per cent YoY increase and reflecting sustained business momentum despite global macroeconomic headwinds. The company achieved notable improvement in working capital efficiency, reducing net working capital days from 17 in March 2025 to 6 in September 2025, generating ₹593 crore in cash flow from operations. The board also approved an interim dividend of ₹1.65 per share, consistent with the previous year, added the release.
Fibre2Fashion News Desk (SG)
By
AFP
Published
October 30, 2025
Demand for gold hit a record high in the third quarter as the the precious metal’s price hit all-time highs on geopolitical unrest, industry data showed Thursday.
Total demand grew three percent year-on-year in the July-September period to 1,313 tonnes, the World Gold Council said, as the metal perceived as a safe haven investment benefitted from the Russia-Ukraine war and the Israel-Gaza conflict.
That was the highest level of demand by volume since the WGC began compiling such records around 25 years ago.
“Various regional conflicts, the increasing rhetoric around trade conflicts, all of that combines really to just create this atmosphere of heightened uncertainty” and boost demand for gold, WGC analyst Louise Street told AFP.
A surge in buying, driven by central banks, coincided with gold’s price striking record after record this year.
However since the metal struck an all-time peak in October of $4,381.52 an ounce, it has fallen heavily on profit taking.
Gold demand by value surged 44 percent year-on-year to a record $146 billion in the third quarter, the WGC added in its report.
The US government shutdown and expectations of more cuts to Federal Reserve interest rates, which is weighing on the dollar, have lent additional support to gold’s price in recent months according to analysts.
There has been strong demand for gold via Exchange-Traded Funds on stock markets. ETFs allow investment without trading on the gold futures market.
The high-price environment has, however, dampened jewellery demand, according to the WGC.
It dropped 23 percent to 419.2 tonnes in the July-September period, the lowest third quarter since 2020 when the Covid pandemic took hold around the world.
Street called gold’s recent retreat to around $4,000 an ounce “a healthy correction… that helps to wash out some of that more frothy, perhaps short-term speculative positioning”.
Copyright © 2025 AFP. All rights reserved. All information displayed in this section (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the contents of this section without the prior written consent of Agence France-Presses.
Published
October 30, 2025
All set to “reimagine the fashion buying experience”, the launch of ‘Fashion at Spring Fair’ will happen at the NEC Birmingham from 1-4 February.
The launch “marks a homecoming for fashion” to deliver “the best in apparel, accessories, and jewellery under one inspiring roof”, organiser Hyve Group said.
Created in “direct response to buyer demand for a fashion-first experience”, event portfolio director Jackson Szabo said: “Fashion at Spring Fair represents a natural evolution in how we bring style, creativity, and commerce together for the UK fashion retail sector.
“We’ve listened closely to buyers and exhibitors alike, and this new destination is designed to meet their needs. It’s not just a place to discover products; it’s where ideas evolve, collaborations form, and the next stories in fashion retail take shape.”
Buyers will discover “immersive spaces designed to bring fashion to life”, including The Style Atelier, a monochromatic studio hosting live trend forecasts, styling masterclasses, and curated showcases.
Meanwhile, the New Business Pavilion offers a dedicated stage for up-and-coming brands such as Nudie Jewellery, Artemis Muse, and Livia Betancourt, to give buyers first access to “fresh, trend-led collections”.
Alongside this will be a curated selection of standout brands, including Urban Bliss, Lighthouse Clothing, Nina Murati, Decollage, Isle & Stars, Luella, and Girl in Mind, to “highlight the very best in contemporary fashion”.
Jewellery and watches will feature creations from Scream Pretty, Bill Skinner, Ayala Bar, and Peace of Mind, while fashion accessories and leather goods include Rock Luggage, Mala Leather, Ashwood Leather, Alice Wheeler, Pachamama, Yoshi and Eloise London.
Also part of Spring Fair 2026 is a new creative direction called ‘Retail Alchemists, Masters of the Mix’, bringing together “craft, creativity, commerce, and connection in a dedicated space”.
Copyright © 2025 FashionNetwork.com All rights reserved.
The projects will cover 68,000 square metre and generate 4,600 direct jobs.
Suez Canal Economic Zone (SCZone) chairman Waleid Gamal El-Dein and Ismailia province deputy governor Ahmed Essam El-Din laid the foundation stones.
Foundation stones were recently laid for two projects in Egypt’s West Qantara Industrial Zone by two Chinese-backed Firms.
Hui Zhou Top New Garment will set up an export unit for RMG and sportswear, with production likely to begin in July 2026.
Changzhou Top Credit’s project will manufacture fabrics and textiles, with an expected annual output of over 28,000 tonnes, 80 per cent of which will be exported.
Hui Zhou Top New Garment will set up an integrated, export-oriented factory for readymade and sportswear apparel, with production expected to begin in July 2026. The 28,000-square metre facility valued at $7.2 million will employ 4,000 workers and produce more than 25 million pieces annually, domestic media outlets reported.
With an investment of $13.3 million, Changzhou Top Credit’s project will manufacture fabrics and textiles on a 40,000-sq m site, with an expected annual output exceeding 28,000 tonnes, 80 per cent of which will be exported. The factory will employ 600.
El-Dein said the first phase of the industrial zone’s development has already drawn 44 projects, with total investments worth $1.17 billion and creating 60,165 jobs in less than two years.
Fibre2Fashion News Desk (DS)
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