Indian firm PDS Multinational Fashions posts FY21 revenue of ₹6,213 cr

31 May '21

2 min read

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PDS Multinational Fashions Limited, a leading global plug and play design-led platform offering product development and supply chain platforms catering to leading brands and retailers globally, has reported revenues from operations of ₹6,213 crore in its fiscal 2021 that ended on March 31, 2021, compared to revenues of ₹6,648 crore in the previous fiscal.

“Last year posed quite a lot of challenges due to the unprecedented impact of Covid on the business and life in general. However, I am extremely proud that the entire PDS team has faced the rough waters and has come out stronger. As we move ahead in our journey of growth and profitability, I strongly believe we are well placed to distribute steady-state dividends to our shareholders,” Deepak Seth, chairman at PDS Multinational Fashions Limited, said in a press release.

The company’s earnings before interest, tax, depreciation and amortisation (EBITDA) for the year rose to ₹230 crore (FY20: ₹186 crore). Profit before tax (PBT) surged to ₹170 crore (₹91 crore), while profit after tax stood at ₹148 crore (₹81 crore).

“PDS has created a resilient business model with robust control and monitoring mechanisms. Despite disruptions of Covid, we have managed to protect our topline and expand margins and profitability. While the UK and Europe, one of our key geographies, faced a prolonged period of lockdown, we have witnessed good traction whenever lockdown was lifted in these markets,” Sanjay Jain, group CEO at PDS Multinational Fashions Limited said.

“Now with the rollout of the vaccination and opening up of stores, we believe the growth in these markets will be restored. Further, we are proactively and cautiously making inroads into new geographies including the US, South Africa, Australia amongst others. PDS has on-boarded senior business heads to drive business in new geographies, categories, and customers,” Jain concluded in the release.

Fibre2Fashion News Desk (JL)

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