PDS Limited , a global fashion infrastructure company, has announced the establishment of a new fully owned subsidiary in the United Kingdom. The new entity, named Simple Approach-UK Limited, will focus on marketing, design, trading, and sourcing activities, further strengthening PDS's presence in the European market.

Key Details of the New Subsidiary

Strategic Expansion

The establishment of Simple Approach-UK Limited is part of PDS Limited's strategic expansion plan. This move is expected to enhance the company's capabilities in:

1. Promoting and developing creative designs
2. Managing marketing initiatives
3. Sourcing materials and products
4. Undertaking trading activities

Regulatory Compliance

PDS Limited has made this announcement in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided the required disclosures as per Schedule III of the SEBI Listing Regulations and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/CIR/P/2024/185 dated December 31, 2024.

Implications for PDS Limited

The launch of Simple Approach-UK Limited signifies PDS Limited's commitment to expanding its global presence and strengthening its position in the fashion infrastructure industry. By establishing a direct presence in the UK, PDS is likely aiming to:

• Enhance its proximity to European markets
• Improve its responsiveness to local market trends
• Streamline its operations in the region

As the fashion industry continues to evolve, this strategic move may position PDS Limited to better serve its clients and capitalize on new opportunities in the UK and European markets.

PDS Limited , a global fashion infrastructure company, has unveiled its strategic targets for fiscal year 2027, aiming for significant growth in key financial metrics. The company has set its sights on achieving a Gross Merchandise Value (GMV) of ₹20,000.00 crore and a Profit After Tax (PAT) of ₹500.00 crore by FY27.

Expansion and Efficiency Goals

In addition to its GMV and PAT targets, PDS plans to expand its order book beyond ₹6,000.00 crore. The company is also focusing on operational efficiency, with a goal to reduce working capital days to below 5. These ambitious targets underscore PDS's commitment to growth and financial optimization.

BCG-Led Transformation Initiative

To support these objectives, PDS has launched a transformation initiative led by Boston Consulting Group (BCG). This strategic partnership is expected to play a crucial role in driving margin expansion and overall business transformation.

Recent Financial Performance

While setting these future targets, it's worth noting PDS's recent financial performance. According to the company's latest financial results:

• Revenue from operations stood at ₹3,419.21 crore, showing a 14% quarter-on-quarter growth.
• Profit After Tax (PAT) was ₹48.43 crore, a significant increase from ₹20.03 crore in the previous quarter.
• The company's order book as of early October stands at ₹5,308.00 crore, indicating a 15% year-on-year increase.

Working Capital Optimization

PDS has already made strides in working capital management. The company reported that its Net Working Capital days reduced to 6 days in September, down from 17 days in March. This improvement aligns with the company's strategic goal of further reducing working capital days.

Market Position and Future Outlook

With a vast global network covering over 90 offices in 22 countries and a workforce of more than 4,500 employees, PDS is well-positioned to pursue its ambitious targets. The company's focus on strategic growth, operational efficiency, and margin expansion through the BCG-led initiative suggests a comprehensive approach to achieving its FY27 goals.

As PDS moves forward with its strategic plans, investors and industry observers will be keenly watching the company's progress towards these targets, particularly in light of global economic conditions and the evolving fashion industry landscape.