Investor Presentation

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 Code: 538730 Re: ISIN - INE111Q01021 Sub: Investors Presentation for the announcement of the Financial Results for the quarter & half year ended September 30, 2026, i.e., Q2& H1FY2026-27_ Earnings Release Dear Sir/ Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the Investors’ Presentation of PDS Limited for the announcement of the Financial Results for the quarter & half year ended on September 30, 2026, i.e., Q2 & H1 FY2026- 27 Earnings Release. We request you to kindly take the above information on record. Thanking you, Yours faithfully, for PDS Limited Abhishekh Kanoi Group General Counsel & Company Secretary ICSI Membership No.: F-9530 Enclosed : As above INVESTOR UPDATE Q 2 F Y 2 7 N O V E M B E R 2 0 2 6 PDS LIMITED Safe Harbour The Presentation is to provide the general background information about the Company’s activities as at the date of the Presentation. The information contained herein is for general information purposes only and based on estimates and should not be considered as a recommendation that any investor should subscribe / purchase the company shares. The Company makes no representation or warranty, express or implied, as to, and does not accept any responsibility or liability with respect to, the fairness, accuracy, completeness or correctness of any information contained herein. This presentation may include certain “forward looking statements”. These statements are based on current expectations, forecasts and assumptions that are subject to risks and uncertainties which could cause actual outcomes and results to differ materially from these statements. Important factors that could cause actual results to differ materially from our expectations include, amongst others, general economic and business conditions in India and abroad, ability to successfully implement our strategy, our growth & expansion plans and technological changes, changes in the value of the Rupee and other currencies, changes in the Indian and international interest rates, change in laws and regulations that apply to the Indian and global apparel industries, increasing competition, changes in political conditions in India or any other country and changes in the foreign exchange control regulations in India. Neither the company, nor its Directors and any of the affiliates or employee have any obligation to update or otherwise revise any forward-looking statements. The readers may use their own judgment and are advised to make their own calculations before deciding on any matter based on the information given herein. No part of this presentation may be reproduced, quoted or circulated without prior written approval from PDS Ltd. Figures have been rounded off to the nearest Cr/Mn except otherwise stated Previous period figures have been re-grouped/ reclassified wherever necessary, to confirm to current period's classification and the impact of the same is not considered to be material. KEY HIGHLIGHTS OF THE QUARTER 04 / 10 Table of 02 PERFORMANCE OVERVIEW 11 / 16 Contents OTHER UPDATES 17 / 19 ABOUT PDS 20 / 27 Key Highlights 01/ KEY HIGHLIGHTS & FINANCIAL SNAPSHOT 02/ REVENUE BREAK UP 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 ₹5,674cras of early October, up 13% revenue, up 29% QoQ and 30% YoY;H1 revenue of ₹7,876cr, up 23% YoY. Growth Momentum Margin Expansion 3 Growth across categories; regionally, the Americas led with 4 Gross margin –37 bps ↑ 44% growth in H1. EBITDA margin –77 bps ↑ Leaner New Verticals Profitable Growth 5 Q2PAT of ₹70crup 144% compared to Q1 with margin of 6 New verticals moving closer to break-even; investment down 53% in H1 compared to last year (from ₹72cr in H1 FY26 to 1.6%, H1 PAT of ₹98cr up 44% with margin of 1.3% ₹34cr in H1 FY27). Negative Working Capital Stronger Balance Sheet 7 Net working capital cycle improved to -5 days, reflecting 8 Net cash position of ₹154cr, making the balance sheet net disciplined execution and sharper working capital debt free through better cash generation and lower management. leverage. Interim Dividend Declared interim dividend of ₹2.20per share, 33% up compared to last year 5 INVEISNTVOERS TPORRE SUEPNDTAATTEIO |N Q |2 QF2Y 2F7Y27 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 growth model is built on landing new customers and expanding our wallet share with existing customers over time, by deepening engagement across categories, geographies and services. Backed by our diversified, multi-country network and end-to-end capabilities, we are well placed to meet evolving customer needs and expand our service offerings. This positions PDS to capitalize on emerging opportunities while sustaining profitable growth and creating long-term value.” Pallak Seth, Executive Vice Chairman 6 INVEISNTVOERS TPORRE SUEPNDTAATTEIO |N Q |2 QF2Y 2F7Y27 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 disciplined cash management and tighter working capital controls. We are progressing well on our path to take new investments towards profitability; with portfolio rationalization on track. Alongside this, we have begun implementing our digital and AI transformation roadmap, which will redefine how we operate across the value chain. These initiatives are expected to improve productivity, enhance operating leverage, optimize capital allocation and reinforce our ability to deliver sustainable, profitable growth over the long term.“ Sanjay Jain Group CEO 7 INVEISNTVOERS TPORRE SUEPNDTAATTEIO |N Q |2 QF2Y 2F7Y27 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 ~₹5,674cr ▲144%vs Q1FY27 ▲29%vs Q1FY27 ▲44%vs Q2FY26 ▲30%vs Q2FY26 ($594mn) PAT margin 1.6% (Q1: 0.8%) ▲ 13% YoY ₹7,876 ₹98 H1 FY27 ($828) ($10) As of October ’26 ▲23%YoY ▲44%YoY PAT margin 1.3% 8 INVEISNTVOERS TPORRE SUEPNDTAATTEIO |N Q |2 QF2Y 2F7Y27 PDS LIMITED Key Financial Metrics Stronger balance sheet: negative NWC days and net cash positive ₹ IN CR AND $ IN MN, UNLESS MENTIONED OTHERWISE NET WORKING NET DEBT CASH FLOW FROM ROCE (EX-NEW CAPITAL DAYS OPERATIONS VERTICALS) (5) days ₹(154)cr ₹457cr 28% $(16)mn · net cash $48mn Down from ~4 days in Net Debt free Strong operating Reported ROCE 22% FY26 conversion Note: ROCEbased on Net Capital Employed& TTM Numbers 9 INVEISNTVOERS TPORRE SUEPNDTAATTEIO |N Q |2 QF2Y 2F7Y27 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 UK 39% ▲ 1% Men’s 34% ▲ 10% vs 44% LY Wear vs 36% LY Europe 34% ▲ 26% Women’s 34% ▲ 7% vs 31% LY Wear vs 37% LY Americas 23% ▲ 44% Children 24% ▲ 28% vs 18% LY Wear vs 22% LY Asia, Middle East 4% ▼ 24% Essentials 7% ▲ 48% & Others vs 6% LY & Others vs 5% LY Note: (I) Revenue break-up based on broad estimates, adjusted for inter-co eliminations; “LY” [Showing first 8,000 characters — download PDF for full document]