P N Gadgil Jewellers Ltd

During the quarter under review, revenue excluding the refinery segment delivered a YoY growth of 30.4%. The company's retail segment, which contributed 70.3% to the company's total revenue, registered a 19.4% year-on-year growth in Q1 FY26. The performance reflects a steady operational environment at the store level amid cautious consumer sentiment. The e-commerce segment reported a sharp 126% year-on-year growth in Q1 FY26, contributing 3.9% to total revenue. The performance underscores the success of the company's digital expansion strategy and growing online customer engagement. Franchisee operations posted a robust 109% year-on-year growth in Q1 FY26, accounting for 15.7% of total revenue. The strong performance was driven by solid franchisee execution and deeper market penetration. The other segment, excluding refinery operations, contributed 10.1% to total revenue in Q1 FY26. This segment primarily comprises B2B and corporate sales. As previously disclosed, refinery operations which contributed Rs 353.50 crore in Q1 FY25 were discontinued effective 1 October 2024. The company's festive season sales continue to be a key growth driver for the company. On Akshaya Tritiya this year, the company recorded it's highest-ever single-day festive sales at Rs 139.53 crore, marking a strong 35.1% year-on-year increase. The share of studded jewellery in retail sales rose 41.6% year-on-year in Q1 FY26, taking the stud ratio to 10%. The rise reflects increasing consumer preference for stud-based designs. Same-store sales growth (SSSG) for the quarter stood at 8%. The growth was partly impacted by the absence of the Gudi Padwa festival in Q1 FY26, which fell in Q4 FY25 this year. In the previous year, the festival occurred during Q1, affecting like-for-like comparability. In Q1 FY26, the company expanded its footprint with the launch of Litestyle, a dedicated sub-brand designed to cater to the growing demand for stylish, lightweight jewellery. Additionally, 2 new showrooms were opened during the quarter ' one COCO (company owned, company operated) and one FOCO (franchise owned, company operated) ' bringing the total store count to 55. Looking ahead to FY26, the company is focused on accelerating its store rollout, with 7 to 9 new launches a combination of company-owned (COCO) and franchise outlets (FOCO) planned for Q2 FY26. This forms a key part of the broader goal of opening 20-25 new stores during the fiscal year. The expansion strategy will center on key growth markets such as Maharashtra, where the company maintains a leadership position, as well as high-potential regions like Uttar Pradesh and Madhya Pradesh. These areas will remain pivotal to driving market penetration and increasing accessibility, supporting the company's growth trajectory. P N Gadgil is the second-largest jewellery player in Maharashtra in terms of the number of stores as of January 2024. A wide range of precious metal and jewelry products includes gold, silver, platinum, and diamond jewelry across various price ranges and designs. The products are primarily sold under the flagship brand, PNG, as well as various sub-brands, through multiple channels, including retail stores, various online marketplaces, and their own website. The company's consolidated net profit rose 12.9% to Rs 61.99 crore on 5% rise in revenue from operations to Rs 1,588.22 crore in Q4 FY25 over Q4 FY24. Shares of P N Gadgil Jewellers shed 0.63% to Rs 605.90 on the BSE.Powered by Capital Market - Live

P N Gadgil Jewellers announced that the 12th Annual General Meeting(AGM) of the company will be held on 18 August 2025.Powered by Capital Market - Live

P N Gadgil Jewellers will hold a meeting of the Board of Directors of the Company on 3 July 2025.Powered by Capital Market - Live

The stock has risen 9.24% in three consecutive sessions. Despite the recent momentum, it is still down a little over 18% in the past six months. The jewellery retailer made its market debut on 17 September 2024, listing at Rs 834, a strong 73.75% premium over its issue price of Rs 480. The company's IPO drew robust investor interest, with a subscription of 59.41 times. The offer was open from 10 to 12 September 2024, with a price band set between Rs 456 and Rs 480 per share. Incorporated in 1832, PNG Jewellers offers a wide range of gold, silver, platinum, and diamond jewellery collections. The company operates 53 retail stores, including 52 in Maharashtra and Goa, and one in the U.S., with a total retail area of 1,65,260 sq. ft. The stores include 41 company-owned and 12 franchisee-owned outlets under the FOCO (Franchise Owned, Company Operated) model. On a consolidated basis, net profit of P N Gadgil Jewellers rose 12.85% to Rs 61.99 crore while net sales rose 5.04% to Rs 1588.22 crore in Q4 March 2025 over Q4 March 2024. Powered by Capital Market - Live

Net profit of P N Gadgil Jewellers rose 12.85% to Rs 61.99 crore in the quarter ended March 2025 as against Rs 54.93 crore during the previous quarter ended March 2024. Sales rose 5.04% to Rs 1588.22 crore in the quarter ended March 2025 as against Rs 1512.02 crore during the previous quarter ended March 2024. For the full year,net profit rose 40.68% to Rs 218.27 crore in the year ended March 2025 as against Rs 155.15 crore during the previous year ended March 2024. Sales rose 25.87% to Rs 7693.47 crore in the year ended March 2025 as against Rs 6112.02 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales1588.221512.02 5 7693.476112.02 26 OPM %5.935.88 -4.374.42 - PBDT97.5578.85 24 327.94232.63 41 PBT84.5673.39 15 293.11209.44 40 NP61.9954.93 13 218.27155.15 41 Powered by Capital Market - Live

Net profit of P N Gadgil Jewellers rose 14.20% to Rs 62.39 crore in the quarter ended March 2025 as against Rs 54.63 crore during the previous quarter ended March 2024. Sales rose 5.10% to Rs 1574.25 crore in the quarter ended March 2025 as against Rs 1497.82 crore during the previous quarter ended March 2024. For the full year,net profit rose 39.36% to Rs 214.88 crore in the year ended March 2025 as against Rs 154.19 crore during the previous year ended March 2024. Sales rose 26.50% to Rs 7630.55 crore in the year ended March 2025 as against Rs 6032.00 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales1574.251497.82 5 7630.556032.00 27 OPM %5.955.86 -4.384.43 - PBDT97.4178.00 25 322.31229.63 40 PBT84.9672.93 16 289.53208.43 39 NP62.3954.63 14 214.88154.19 39 Powered by Capital Market - Live

The Board of P N Gadgil Jewellers at its meeting held on 15 May 2025 has considered the proposal of raising funds by way of issuance of Equity Shares; however, after due deliberation, the Board has decided to defer the matter for discussion at a later stage. The Company will inform the stock exchange(s) as and when the matter is reconsidered by the Board.Powered by Capital Market - Live

P N Gadgil Jewellers will hold a meeting of the Board of Directors of the Company on 15 May 2025.Powered by Capital Market - Live

P N Gadgil Jewellers recorded its highest-ever single day festive sales of Rs 139.53 crore on the occasion of Akshaya Tritiya, reflecting a growth of approximately 35% over the previous year's revenue of Rs 103.26 crore. In Value terms, gold segment revenue grew by 34% year-over-year, while the Diamond however, overall volume remain higher than the same period last year.Powered by Capital Market - Live

The company reported consolidated revenue growth of 25.9% year-on-year in the fourth quarter of the previous financial year. The retail segment of the jeweller grew by 50% year-on-year, driven by strong consumer demand. The e-commerce segment grew by 243.8% quarter-on-quarter and contributed 5.7% to total revenue, the company added. Franchisee operations also posted growth of 37.2% on a quarter-on-quarter basis, driven by broader market penetration. This segment accounted for 11.7% of total revenue. The company's festive season sales rose 40.4% year-on-year during the occasion of Gudi Padwa, amounting to Rs 123.5 crore. This was the highest-ever single-day festive sales. The same-store sales growth was a strong 26.3%, continuing to drive sustained growth. This reflects consistent demand and robust operational performance of its existing stores. The stud ratio improved to 7.4% in Q4 FY25, highlighting the growing popularity of stud-based jewelry and aligning with changing consumer preferences. In Q4 FY25, the company launched five new stores'four COCO and one FOCO store'bringing its total store count to 53. Regarding its outlook, the firm stated that it anticipates a strong FY26, fueled by robust demand starting with Akshaya Tritiya and the continued strength of the wedding season. Both are expected to drive significant sales in Q1 FY26. Additionally, strong consumer demand, driven by increasing purchasing power and shifting consumer preferences, will continue to fuel growth. The company aims to maintain this momentum by launching 20-25 new stores in FY26 while expanding its footprint in Uttar Pradesh and other regions. This strategic growth underscores its confidence in the market's potential and its commitment to strengthening its physical presence. With these new stores, the company aims to increase accessibility, deepen brand penetration, and continue delivering unparalleled value while sustaining its growth trajectory. P N Gadgil is the second-largest jewellery player in Maharashtra in terms of the number of stores as of January 2024. A wide range of precious metal and jewelry products include gold, silver, platinum, and diamond jewelry across various price ranges and designs. The products are primarily sold under the flagship brand, PNG, as well as various sub-brands, through multiple channels, including retail stores, various online marketplaces, and own website. The company's consolidated net profit jumped 49.36% to Rs 86.03 crore in Q3 FY25 as compared with Rs 57.60 crore in Q3 FY24. Revenue from operations jumped 23.51% YoY to Rs 2,435.75 crore in Q3 FY25. Powered by Capital Market - Live