P N Gadgil Jewellers Ltd

The growth was supported by strong volume growth, healthy footfall and strong traction across key product categories. The gold segment reported revenue of Rs 220 crore (up 79.6% YoY), while the silver and diamond segments recorded revenue of Rs 10 crore (up 98% YoY) and Rs 21 crore (up 79.9% YoY), respectively. The gold segment continued its strong momentum, registering 12.8% year-on-year volume growth during the occasion. Dr. Saurabh Gadgil, chairman and managing director, said: 'The demand environment remained robust, reflecting the enduring cultural significance of the occasion and the trust our customers place in the PNG brand. The volume growth is an encouraging indicator of strong footfall conversion and sustained customer acquisition. We have started the quarter on a strong footing and are well positioned as the ongoing wedding season continues, which we expect to be a meaningful demand driver in the months ahead. P N Gadgil Jewellers is one of the oldest jewellery companies in India, with customers across India and the USA. The company offers a wide range of gold, silver, diamond, and platinum jewellery for weddings, festivals, and daily wear. The porƞolio also includes a dedicated sub-brand, Litestyle by PNG, catering to the growing demand for stylish and lightweight jewellery. On a consolidated basis, the company's net profit rose 98.64% to Rs 170.91 crore while net sales rose 35.59% to Rs 3302.61 crore in Q3 December 2025 over Q3 December 2024. The scrip rose 0.36% to currently trade at Rs 669.85 on the BSE.

The retail segment recorded 102% YoY growth in Q4 FY26, driven by strong demand during the wedding and festive season. Franchise operations grew by 132% YoY, while E-commerce recorded a 67% YoY increase. Despite rising gold prices, volumes saw positive traction with the gold category increasing by 27% YoY, while silver and diamond volumes rose 37% YoY and 125% YoY, respectively, driving the studded jewellery mix and taking the stud ratio to 9%. The same-store sales growth (SSSG) for the quarter stood at a robust 86% YoY, reflecting strong customer traction across existing locations. During the quarter, Foundation Day sales stood at Rs 365 crore, while Gudi Padwa sales came in at Rs 171 crore, reflecting a 38% YoY growth. Subsequently, Gratitude Day sales stood at Rs 225 crore during the quarter. During the quarter, the company added 8 COCO stores (3 Legacy and 5 LiteStyle) and 4 FOCO (1 Legacy and 3 LiteStyle), taking the total store count to 78 as of March 31st, 2026, comprising 57 COCO stores (48 Legacy and 9 LiteStyle) and 21 FOCO (17 Legacy and 4 LiteStyle). The company delivered an exceptional performance in FY26, reporting revenue of Rs 10,744 crore, up 40% YoY. On the outlook for FY27, the company said it plans to maintain its expansion momentum, with the addition to open 25 new stores, with a strong strategic focus on scaling franchise formats, alongside company-owned stores. The company expects its total store count to 103 by the end of the fiscal year. It is targeting revenue of Rs 13,500 crore, implying a growth of 25% YoY and an EBITDA margin of 7.5%. P N Gadgil Jewellers is one of the oldest jewellery companies in India, with customers across India and the USA. The company offers a wide range of gold, silver, diamond, and platinum jewellery for weddings, festivals, and daily wear. The porƞolio also includes a dedicated sub-brand, Litestyle by PNG, catering to the growing demand for stylish and lightweight jewellery. On a consolidated basis, the company's net profit rose 98.64% to Rs 170.91 crore while net sales rose 35.59% to Rs 3302.61 crore in Q3 December 2025 over Q3 December 2024.

P N Gadgil Jewellers has opened new store at Mohalla Sigra, Ward Dashashwamegh, Varanasi, Uttar Pradesh - 221002 on 27 March 2026. With this, the total number of stores now stands at 76. Powered by Capital Market - Live

P N Gadgil Jewellers has opened two stores on 22 March 2026. These are located at: 1. Store at The Nextation Building, 'E' Ward, Shahupuri, Kolhapur, Maharashtra - 416001. 2. Store operating under the Franchise Owned, Company Operated ('FOCO') Model at Vallabh Vihar, Mahatma Gandhi Road, Rajawadi Colony, Ghatkopar East, Mumbai, Maharashtra - 400077. Accordingly, the total number of stores now stands at 75.Powered by Capital Market - Live

P N Gadgil Jewellers has surpassed the Rs 10,000 crore revenue milestone in the financial year 2025-26, reflecting strong underlying business momentum. Further, on the auspicious occasion of Gudi Padwa, the Company recorded festive sales of Rs 170.7 crore, registering a robust year-on-year growth of 38% compared to the corresponding period last year. The Gold segment remained the primary value driver, with revenues rising by 35% YoY, while the Diamond and Silver segments delivered strong growth of 61% and 118% YoY, respectively.Powered by Capital Market - Live

The company also reported robust festive performance during Gudi Padwa, with sales of Rs 170.7 crore, marking a 38% year-on-year increase. Segment-wise, the gold category remained the key contributor with 35% YoY growth, while diamond and silver segments recorded higher growth of 61% and 118% respectively. Dr. Saurabh Gadgil, chairman and managing director, indicated that strong customer traction during the festive season, despite elevated gold prices, highlights resilient demand. The company remains optimistic about sustaining growth momentum, supported by the ongoing wedding season, expansion into new markets and continued focus on product offerings. P N Gadgil Jewellers is one of the oldest jewellery companies in India, with customers across India and the USA. On a consolidated basis, P N Gadgil Jewellers' net profit rose 98.64% to Rs 170.91 crore while net sales rose 35.59% to Rs 3302.61 crore in Q3 December 2025 over Q3 December 2024. Powered by Capital Market - Live

The agency has affirmed the company's short-term rating at 'IND A1'. India Ratings & Research said that the upgrade reflects PNGJ Group's strong retail revenue growth through healthy same store sales growth (SSSG) and ramping-up of operations at its newly opened stores along with EBITDA expansion, translating into improved credit metrics in FY25 and 1HFY26. The rating also reflects the group's improved financial flexibility post an initial public offering (IPO) by PNGJ in FY25. Furthermore, India Ratings expects the group's scale as well as profitability to continue to improve over the medium term, on the back of a strong brand recall and customer acceptance in Maharashtra, and prudent expansion in the non-core markets. The ratings also reflect Ind-Ra's expectation of a sustenance of PNGJ Group's credit metrics in the medium term, owing to the stabilisation of operations of the newly opened stores while benefitting from the established brand and experience of the promoters in the jewellery retail business in western India with a strong legacy of over 190 years. The ratings, however, are constrained by the regional concentration, although the company has been diversifying its presence and has opened stores in central (Madhya Pradesh) and northern India (Uttar Pradesh) in FY26. India Ratings believes that penetrating into non-core markets meaningfully in the targeted breakeven period will be critical for store economies and profitability at the group level. In addition, the high regulatory oversight, gold price fluctuations and intense competition expose the company to margin pressures. The agency further notes that company has capex plans over FY26-FY28 to expand the number of stores to 80 stores by FY26 and 100 by FY27. With the exhaustion of IPO proceeds, the agency believes that a judicious funding mix for capex and growth working capital and scaling up through the franchisee model will be critical for maintaining the overall credit perspective. P. N. Gadgil Jewellers is an Indian jewellery company. As of September 2025, it had 63 retail stores including one outlet in the US (47 owned and 16 franchise stores in India). The scrip had advanced 2.46% to end at Rs 540.80 on the BSE today. Powered by Capital Market - Live

P N Gadgil Jewellers has received credit rating from India Ratings and Research for bank facilities at IND A+/Stable/IND A1. Powered by Capital Market - Live

P N Gadgil Jewellers celebrated its Foundation Day with a Foundation Day sales offering from 7th to 9th February 2026. The total sales during the period amounted to Rs 365 crore, with healthy contribution across all the categories. The Gold segment emerged as the leading contributor, recording sales of Rs 336 crore with volumes of 203 kg. This was followed by healthy trac on in the silver category, which recorded sales of Rs 7.4 crore with volumes of 274 kg, while the diamond category reported sales of Rs 7.9 crore. The Other segment contributed Rs 13.7 crore during the period.Powered by Capital Market - Live

Net profit of P N Gadgil Jewellers rose 98.64% to Rs 170.91 crore in the quarter ended December 2025 as against Rs 86.04 crore during the previous quarter ended December 2024. Sales rose 35.59% to Rs 3302.61 crore in the quarter ended December 2025 as against Rs 2435.75 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales3302.612435.75 36 OPM %7.405.04 - PBDT246.65123.43 100 PBT231.47115.01 101 NP170.9186.04 99 Powered by Capital Market - Live