PDS bags Rs. 450 cr US Contract; Stock Outperform

PDS has entered a Sourcing as a Service (SaaS) contract with a leading US based value retailer.

PDS will provide support through its end-to-end sourcing capabilities, leveraging its global network across vendor management, compliance, and supply chain execution. The customer, a leading value retail chain in the United States with a strong presence across urban and rural markets, offers a wide assortment of everyday essentials including consumables, apparel, home products, and seasonal merchandise at value price points, serving a broad customer base. The contract is expected to drive sourcing volumes of approximately Rs. 450 crs (~$50mn), with potential to scale up gradually.

At 9.50 am, PDS was trading at Rs. 324.75, up by 12.23%, with a volume of 1.13 lakh shares on the BSE.