ALFA Finder| Revenue growth | 41% YoY growth driven by retail and Akshay Tritiya sales. |
|---|---|
| Margins | EBITDA margin at 8%, expansion driven by studded jewellery mix. |
| Demand visibility | Positive visibility from upcoming wedding season and festival demand. |
| Management confidence | Balanced; optimistic about expansion but conservative on cost management. |
Growth
Revenue grew 41% YoY, with retail growing 56% on high same-store sales growth. Studded ratio improved to 10.9%.
Outlook
Targeting 177 stores by FY29; guiding for 4.7% PAT margins and debt reduction of ₹500-600 Cr.
Risks
Gold price volatility impacting demand; heavy expansion reliance on franchise model potentially diluting margins; debt levels remain significant.
Last quarter's promises, checked
Delivered
- Guided FY26 Revenue INR 9,500 Cr → delivered INR 10,739 Cr (= BEAT)
- Guided FY26 PAT Margin ~4% → delivered 3.8% (= BEAT)
- Guided FY26 Gross Margin ~12% → delivered 12% (= BEAT)
Partly delivered
- Guided 25 store additions for FY26 → delivered 25 (but 12 in Q4) (= BEAT)
Earnings Call Transcript filed with BSE, NSE: PNGJL. Summary written with AI assistance from the document.
P N Gadgil Jewellers Ltd: key numbers
- Share price
- ₹631.90
- Market cap
- ₹9,302 Cr
- Revenue (annual)
- ₹10,739 Cr
- Net profit (annual)
- ₹409.8 Cr
- P/E (TTM)
- 19.1×Sector 48.2×
- Promoter holding
- 76.62%-6.49% QoQ
- FII holding
- 3.83%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 Capacity Expansion
P N Gadgil Jewellers opened a new Legacy-format franchise-owned store in Prayagraj, Uttar Pradesh, on November 4, 2026. Total store count rises to 82, comprising 68 Legacy and 14 YOOU stores.
- new stores
- 1.0 stores
P N Gadgil Jewellers Earnings Call Transcript: Key Takeaways
PNG Jewellers delivered a robust performance with 22% revenue growth, driven by strategic expansion in UP and a richer product mix (higher stud ratio).
P N Gadgil Jewellers Investor Presentation: Key Takeaways
Q2 FY27 consolidated revenue ₹26,664Mn (+22.4%), EBITDA ₹2,246Mn (+57.1%, 8.4% margin), PAT ₹1,211Mn (+52.7%). Pan-India retail expansion; Silvostyle acquired 1 Oct 2026.
P N Gadgil Jewellers Other Announcement
P N Gadgil Jewellers filed a Monitoring Agency Report on its QIP proceeds for the quarter ended 30 September 2026. The agency reports no deviation from the stated objects of the Rs 7,000 million issue.
P N Gadgil Jewellers Results Update
P N Gadgil Jewellers reported Q2 FY27 revenue of ₹2,666 Cr with 52.7% PAT growth. Same-store sales grew 25.5%; the company operates 80 stores.
P N Gadgil Jewellers Q2 FY27 Results: Net Profit ₹121.1 Cr, Up 52.7% YoY
P N Gadgil Jewellers Ltd reported revenue from operations of ₹2,666 Cr (+22.4% YoY) and net profit of ₹121.1 Cr (+52.7% YoY) for Q2 FY27.
- Key figure
- Net profit ₹121.1 Cr · +52.7% YoY