Fashion solutions firm PDS revenue dips 2% to ₹10,373 crore in FY24 

Published - May 15, 2024 08:14 pm IST - COIMBATORE

Global fashion-solution provider PDS Ltd. reported revenue from operations dipped 2% in FY24 to ₹10,373 crore.

Gross profit for the year climbed 19% to ₹2,111 crore in FY24. However, profit after tax plunged 32%. A press release from the company said revenue from operations rose from ₹2,742 crore in the third quarter of FY24 to ₹3,215 crore in the last quarter of the year.

Despite facing headwinds such as demand pressures, macro economic factors and geo political conflicts, the core business remained resilient. In anticipation of the forthcoming recovery, operational expenses remained consistent. However, elevated interest rates resulted in higher interest costs. Additionally, opportunities emerged within the retail sector due to consolidation, prompting PDS to strategically invest in new verticals and teams, the firm said.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in


Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.