Pds Limited · NSE:PDSL
Pds — Q2 FY2027 Earnings Presentation
29 slides from Pds's earnings presentation, Nov 4, 2026
Slide 1: Exchange filing cover letter
PDS/SE/2026-27/78 November 4, 2026 Listing Department Corporate Relationship Department National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1 Block G, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Bandra (E), Dalal Street, Mumbai - 400051 Mumbai- 400001 Scrip Symbol: PDSL Scrip
Slide 2: Investor Update Q2 FY27 November 2026
INVESTOR UPDATE Q 2 FY2 7 NO V EM BER 2026
Slide 3: Safe Harbour
PDS LIMITED Safe Harbour The Presenta tion is to pro vide t he general ba ckg round informa tion a bout the Compa ny’s activities a s a t the da te o f the P resentat ion. The info rma tion conta ined herein is fo r g enera l info rmatio n p urposes only a nd ba sed on est ima tes a nd should not be
Slide 4: Table of Contents
01 KEY HIGHLIGHTS OF THE QUARTER 04 / 10 Table of 02 PERFORMANCE OVERVIEW 11 / 16 Contents 03 O T H E R U P D AT E S 17 / 19 04 ABOUT PDS 20 / 27
Slide 5: Key Highlights
Key Highlights 01/ KEY H IGHLIGHTS & F INANCIAL SNAPSHOT 02/ REVENUE BREAK UP
Slide 6: H1 FY27 Highlights - Scaling growth with profitability and cash discipline
PDS LIMITED H1 FY27 Highlights - Scaling growth with profitability and cash discipline Record Quarter Robust Order Visibility 1 Q2 revenue reached ₹4,432cr, the highest-ever quarterly 2 Order book stood at ₹5,674cr as of early October, up 13% revenue, up 29% QoQ and 30% YoY; H1 revenue of YoY ₹7,876
Slide 7: Management Commentary & Outlook (Q2FY27)
PDS LIMITED Management Commentary & Outlook (Q2FY27) “Q2 FY27 marks a defining quarter for PDS, with our highest-ever quarterly revenue delivered alongside margin expansion. H1 reflects broad-based growth across categories, with North America up ~44% as our strategic initiatives gain traction. Our g
Slide 8: Management Commentary & Outlook (Q2FY27)
PDS LIMITED Management Commentary & Outlook (Q2FY27) "The quarter marks another step in strengthening the financial foundation of PDS. We significantly strengthened our balance sheet, reducing net debt from ₹105crs to net cash of ₹154crs and improving net working capital to negative 5 days through d
Slide 9: Financial Snapshot (Q2 | H1 FY27)
PDS LIMITED Financial Snapshot (Q2 | H1 FY27) Revenue up 23%, PAT up 44% in H1 FY27 ₹ IN CR AND $ IN MN, UNLESS MENTIONED OTHERWISE REVENUE PAT ORDER BOOK ₹4,432 ₹70 ($464) ($7) Q2 FY27 ▲ 29% vs Q1FY27 ▲ 144% vs Q1FY27 ~₹5,674cr ▲ 44% vs Q2FY26 ▲ 30% vs Q2FY26 ($594mn) PAT margin 1.6% (Q1: 0.8%) ▲ 1
Slide 10: Key Financial Metrics
PDS LIMITED Key Financial Metrics Stronger balance sheet: negative NWC days and net cash positive ₹ IN CR AND $ IN MN, UNLESS MENTIONED OTHERWISE NET WORKI NG NET DEB T C ASH FLOW F ROM ROCE (EX-NEW C APIT AL D AYS OPERAT IONS VERTI CALS) (5) days ₹(154)cr ₹457cr 28% $(16)mn · net cash $48mn Down fr
Slide 11: Revenue Break-up (Q2 FY27 | H1 FY27)
PDS LIMITED Revenue Break–up (Q2 FY27 | H1 FY27) Geography & category: Americas leading with 54% growth in Q2 and 44% in H1 SHARE OF REVENUE | GROWTH Y-O-Y GEOGRAPHY CATEGORY H1 FY27 H1 FY27 Share Growth Share Growth 39% ▲ 1% Men’s 34% UK ▲ 10% vs 44% LY Wear vs 36% LY 34% ▲ 26% Women’s 34% Europe ▲
Slide 12: Performance Overview
Performance Overview 03/ P R O F I T & L O S S S TAT E M E N T 04/ BALANCE SHEET 05/ S E G M E N TA L P E R F O R M A N C E 06/ C A S H F LO W S TAT E M E N T
Slide 13: Profit and Loss (Consolidated in ₹Crs)
PDS LIMITED Profit and Loss (CONSOLIDATED IN ₹CRS) Revenue up 29% with PAT growth of 144% (Q2 vs Q1) ₹ IN CR UNLESS MENTIONED OTHERWISE QUARTER ENDED HALF - YEAR ENDED PARTICULARS GROWTH (%) GROWTH (%) GROWTH (%) (₹ IN CRS., UNLESS MENTIONED OTHERWISE) 30-Sep-26 30-Jun-26 30-Sep-25 30-Sep-26 30-Sep-
Slide 14: Performance Overview of Top Sourcing Verticals
PDS LIMITED Performance Overview of Top 10 Sourcing Verticals * Over ~75% of Total Topline, growth of 13% | PBT up by ~13% with flat margin $ IN MN, UNLESS MENTIONED OTHERWISE REVENUE PBT PBT Margin VERTICALS KEY COUNTRY Growth Growth H1 FY27 H1 FY26 H1 FY27 H1 FY26 H1 FY27 H1 FY26 YoY (%) YoY (%) U
Slide 15: Balance Sheet (Consolidated in ₹Crs)
PDS LIMITED Balance Sheet (CONSOLIDATED IN ₹CRS) Negative NWC, Net Cash Positive ₹ IN CR, UNLESS MENTIONED OTHERWISE PARTICULARS AS ON PARTICULARS AS ON (₹ IN Crs., UNLESS MENTIONED OTHERWISE) 30-Sep-26 31-Mar-26 (₹ IN Crs., UNLESS MENTIONED OTHERWISE) 30-Sep-26 31-Mar-26 Non-Current Assets 1,465 1,
Slide 16: Segmental Performance at a Glance H1 FY27
PDS LIMITED Segmental Performance AT A GLANCE H1 FY27 ₹ IN CRORE AND $ IN MN, UNLESS MENTIONED OTHERWISE S OU RC I N G M A N UF A CTU RI NG PD S V E N TU R ES PD S A N D O TH E RS CO N S OLI D A TE D INVESTMENT IN PDS VENTURES, REAL ESTATE & OTHERS REVENUE REVENUE REVENUE REVENUE Y-o-Y Growth % Y-o-
Slide 17: Cash Flow Statement (Consolidated in ₹ Crs)
PDS LIMITED Cash Flow Statement (CONSOLIDATED IN ₹ CRS) Generated Cash Flow of ₹ 457 Cr in H1 FY27 ₹ IN CR UNLESS MENTIONED OTHERWISE For the period For the period PARTICULARS (₹ IN Crs., UNLESS MENTIONED OTHERWISE) PARTICULARS (₹ IN Crs., UNLESS MENTIONED OTHERWISE) 30-Sep-26 30-Sep-25 30-Sep-26 30
Slide 18: Other Updates
Other Updates 07/ S T R ATE G I C P R I O R I T I E S R E M A I N U N C H A N G E D 08/ F O RT I F I C ATI O N O F P L AT F O R M W I T H T E C H
Slide 19: Our Strategic Priorities Remain Unchanged
PDS LIMITED Our Strategic Priorities Remain Unchanged We continue to execute against our five strategic priorities, driving growth, profitability and long-term value creation. GROW C O N V E R T T O E AR N I N G S & C AS H E N AB L E COMPOUND 01 02 03 04 05 Accelerate High- Drive Profitability Stren
Slide 20: Fortification of Platform with Tech
PDS LIMITED Fortification of Platform with Tech ₹ IN CR AND $ IN MN, UNLESS MENTIONED OTHERWISE Six technology pillars compounding into faster decisions and margin expansion 01 ERP BACKBONE 02 PROCUREMENT 03 FACTORY QC Project Butterfly Project PULSE CONQUER Platform (SAP S/4HANA) Single source of t
Slide 21: About PDS
About PDS
Slide 22: Who we are
PDS LIMITED Who we are The world’s largest listed global apparel sourcing platform: asset-light, no inventory or credit risk 22+ 90+ 40+ 250+ 600+ ~1.3mn Countries Offices Business Verticals Designers Compliant Factory Partners Pieces / day 25 YRS GEOGRAPHIC REACH OPERATING MODEL FINANCIAL SCALE 4 c
Slide 23: The PDS Platform: Enabling Entrepreneurial Success
PDS LIMITED The PDS Platform: Enabling Entrepreneurial Success Capital, commercial capability, technology and expertise that help entrepreneurs scale faster ENT REPRENEURS DRIVE GROWTH ENABLED BY THE PDS PLATFORM Growth Financial Business & Future Accelerator Strength Operational Enabler Ready • Str
Slide 24: Three business pillars
PDS LIMITED Three business pillars Sourcing, manufacturing and innovation: end-to-end fashion solutions 01• Sourcing Platform Design-led sourcing: Design partner 02 • Manufacturing Footprint: Facilities in India and 03 • PDS Ventures Drives innovation: Invests in delivering trends and product, faste
Slide 25: Covering the whole value chain
PDS LIMITED Covering the whole value chain PDS sits at the core; each service line covers a different span of the retail chain Design Led Sourcing From Design to Logistics Sourcing-as-a-service From Sourcing to Logistics Brand Management From Merchandise planning to Brand Marketing Manufacturing Fro
Slide 26: The Design led Sourcing - how it works
PDS LIMITED The Design led Sourcing - how it works Merchandise moves seamlessly across our network with minimal inventory exposure & limited balance sheet risk BRANDS & RETAILERS THE PDS PLATFORM 600+ FACTORY NETWORK Place order Customized services delivered by entrepreneur-led business verticals Ap
Slide 27: Brand Management & Sourcing-as-a-Service (SaaS)
PDS LIMITED Brand Management & Sourcing-as-a-Service (SaaS) Brand Management SaaS End-to-End Brand Support: Design, product Plug-and-Play Sourcing: Brands leverage PDS’s development, merchandising, and category expansion sourcing infrastructure without needing to build their for partner brands. own
Slide 28: Who we serve
PDS LIMITED Who we serve Tier-1 global retailers and brands. 20+ year relationships with our top-5 UK customers. UK RETAILER 20+ yrs avg. Primark ASDA Tesco Sainsbury's M&S US RETAILERS growing Walmart Target Kohl's Fashion Nova GLOBAL BRANDS category-led Calvin Klein Mango Ted Baker A tier-1 custom
Slide 29: Thank You
THANK C O N TA C T U S PDS LIMITED YOU Unit No .1031 & 103 2, Solita ire Co rp ora te Park, Andheri-Gha tko par Link Roa d, And heri (E), Mumb ai-400093, Maharashtra , India C I N : L18101HR2011PLC147408 Tel.: +91-22-41 441 100 Email: investors@pdsltd.com Kanav Khanna | Jeevika Kishnani Ernst and Yo