PDS Limited reports 66% PAT growth in FY25 Q3, acquires stake in Knit Gallery India Private Limited

Apparel sourcing and manufacturing platform PDS Limited reported sustained growth over the first nine months of the 2025 financial year and its profits after tax increased by 66% year on year in the third quarter of the current fiscal. The business also announced that it has acquired a 55% stake in Knit Gallery India Private Limited. 

“Our Q3 and 9M FY25 results highlight PDS’s ability to navigate a dynamic global landscape while maintaining strong growth momentum,” said PDS Group’s CEO Sanjay Jain in a press release. “The acquisition of a majority stake in Knit Gallery India Private Limited is a key milestone, strengthening our manufacturing capabilities and solidifying India’s strategic role in our operations. Alongside this, our collaboration with BCG on cost optimisation and operational efficiencies reinforces our focus on scaling sustainably. With robust growth in North America and a strong order book of $425 million, we remain committed to driving sustainable value creation, fostering innovation, and enhancing synergies across our operations to deliver excellence to our stakeholders.”

The business reported 26% year on year growth over the first nine months of the 2025 financial year with a top-line of Rs 9,052 crore. PDS Limited acquired its 55% stake in Knit Gallery India Private Limited for an equity consideration of Rs 41 crore and the deal is subject to diligence and documentation. The acquisition reflects PDS Limited’s focus on expanding in the Indian market. 

“This acquisition marks a significant step in enhancing our manufacturing capabilities in India while leveraging it to drive greater sourcing opportunities,” said PDS Limited’s executive vice chairman Pallak Seth. “Our strong sourcing foundation is complemented by our state-of-the-art manufacturing facilities in Bangladesh and Sri Lanka, which uphold the highest standards of sustainability and compliance. With this strategic addition, we are not only strengthening our garment manufacturing expertise but also reaffirming our commitment to the Make in India initiative and advancing the future of sustainable manufacturing.”