Fashion Industry Alert: New Subsidiary Launch by Leading Apparel Company
PDS Limited has announced the incorporation of a new wholly owned subsidiary, Kontemporary Koncepts Private Limited.
PDS Limited has announced the incorporation of a new wholly owned subsidiary, Kontemporary Koncepts Private Limited, under its associate, Pangram Celebrity Brands Private Limited. This strategic move, effective from March 18, 2025, aims to expand PDS Limited's business by focusing on the manufacturing and distribution of apparel and consumer goods. Kontemporary Koncepts will engage in designing and manufacturing clothing apparel, launching brands associated with clothing both in India and internationally. The incorporation is part of PDS Limited's broader strategy to enhance its presence in the apparel industry and tap into new markets. The subsidiary was established with a cash consideration of Rs 28,700, and PDS Limited holds a 28.70 per cent shareholding. This development aligns with PDS Limited's ongoing efforts to strengthen its operational capabilities and market reach, providing a solid foundation for future growth in the competitive apparel sector.
As of 19 March 2025, the stock of PDS Limited traded at an intraday high of Rs 465 per share and an intraday low of Rs 445 per share. The stock’s 52-week high is Rs 658.15 per share and a low of Rs 355 per share.
PDS Limited is a global player in the garment industry, involved in trading, investment holding, and the design, development, marketing, sourcing, and distribution of readymade garments and other consumer products. The company operates across several business segments, including design-led sourcing, manufacturing, brand management, and sourcing as a service. PDS Limited has a strong manufacturing base with facilities in Bangladesh and Sri Lanka, boasting a production capacity of over 40 million pieces annually.
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The company serves major clients like Primark, Tesco, and Walmart, and has a diverse product portfolio that includes men's, women's, children's, and essential wear. With a strategic focus on expanding its geographical reach and product offerings, PDS Limited is committed to enhancing its manufacturing network and supply chain agility through strategic investments and acquisitions, including its recent acquisition of Knit Gallery. PDS Limited has a market capitalization of over Rs 6,300 crore. The stock has delivered a 1-year return of negative 5 per cent and a 3-year return of 30 per cent. It currently holds a Price-Earnings (PE) Ratio of 26.89.
Disclaimer: The article is for informational purposes only and not investment advice.