| Revenue growth | FY26 revenue up 40% YoY, crossing ₹10,000 crore milestone. |
|---|---|
| Margins | Gross margins diluted by low-margin bullion sales and promotional discounts. |
| Demand visibility | Strong wedding/festive demand; gold price hikes driving investment-led bullion buying. |
| Management confidence | Confident but defensive regarding Q4 margin dilution from bullion sales. |
Growth
FY26 consolidated revenue grew 40% YoY; however, Q4 gross margins fell 230bps due to bullion mix shifting to 40%.
Outlook
FY27 revenue guidance set at ₹13,500 crore with a 4% PAT margin target.
Risks
Rising gold prices shifting demand from jewelry to bullion; margin volatility from high discounting and store expansion costs.
Earnings Call filed with NSE, NSE: PNGJL. Summary written with AI assistance from the document.
P N Gadgil Jewellers Ltd: key numbers
- Share price
- ₹605.50
- Market cap
- ₹8,913 Cr
- Revenue (annual)
- ₹10,739 Cr
- Net profit (annual)
- ₹409.8 Cr
- P/E (TTM)
- 20.0×Sector 55.7×
- Promoter holding
- 76.62%-6.49% QoQ
- FII holding
- 4.73%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from P N Gadgil Jewellers Ltd
All →P N Gadgil Jewellers Annual General Meeting
P N Gadgil Jewellers Ltd issued a Postal Ballot Notice to seek shareholder approval for its 2026 ESOP scheme and the reappointment of an Independent Director.
P N Gadgil Jewellers Management Change
P N Gadgil Jewellers Limited re-appointed Mrs. Vaijayanti Pandit as a Non-Executive Independent Director for a 24-month term starting March 14, 2027.
P N Gadgil Jewellers Acquisition Worth ₹62.36 Cr
P N Gadgil Jewellers Limited will invest up to ₹62.36 Crore in its wholly owned subsidiary, PNG Jewelers INC, to support US business expansion.
- Value
- ₹62.36 Cr
- Execution
- On or before September 15, 2027
P N Gadgil Jewellers Employee Stock Options
P N Gadgil Jewellers Ltd announced the institution of its "PNG ESOP 2026" scheme, covering up to 1,15,000 equity shares for eligible employees.
P N Gadgil Jewellers Board Meeting Outcome
P N Gadgil Jewellers Board approved the PNG ESOP 2026, reappointed Dr. Vaijayanti Pandit as Independent Director, and authorized a ₹61.75 Crore investment in its WOS.
- Value
- ₹61.75 Cr
P N Gadgil Jewellers Credit Rating
CRISIL upgraded P N Gadgil Jewellers' bank loan rating to A+/Stable from A/Positive. The rated facility covers Rs. 400 Crore of total bank loans.