Synopsis:
P N Gadgil Jewellers surged sharply after almost doubling its net profit on a year-on-year basis, followed by a 2.8 percent growth in revenue over the same period.
The shares of this jewellery retailer are in focus after reporting a robust financial performance in this quarter, followed by strong operational performance across all segments.
With a market capitalization of Rs 7,948 crore, the shares of P N Gadgil Jewelers Ltd made a day high of Rs 602 per share, hitting its 10 percent upper circuit limit on Tuesday. In the last six months, the stock has delivered a poor return of 3 percent.
Q1 Highlights
P N Gadgil’s revenue for Q1 FY26 came in at Rs 1,714.5 crore, registering a 2.8 percent growth from Rs 1,668.1 crore in the same quarter last year. Additionally, on a sequential basis, revenue grew by 8 percent from Rs 1,588.2 crore in Q4 FY25.
EBITDA for Q1 FY26 came in at Rs 122.8 crore, registering an 85 percent growth from Rs 66.2 crore in the same quarter last year. Additionally, on a sequential basis, EBITDA grew by 12.7 percent from Rs 109 crore in Q4 FY25.
Coming to its profitability, the company reported a net profit growth of 96 percent to Rs 69.3 crore in Q1 FY26 as compared to Rs 35.3 crore in Q1 FY25. Additionally, on a QoQ basis, it grew by 12 percent from Rs 62 crore.
For Q1 FY26, average revenue per store stood at Rs 31.17 crore, while net profit per store was Rs 1.26 crore. The retail segment, contributing 70.3 percent of total sales, grew revenue by 19 percent with an EBITDA margin of 10 percent and a PAT margin of 5.7 percent.
The e-commerce segment posted exceptional growth, with revenue rising 125.9 percent to Rs 66.13 crore. Franchise revenue also increased by 15.7 percent to Rs 269.28 crore. Same Store Sales Growth stood at 8 percent, impacted by the shift of the Gudi Padwa festival to Q4 FY25 from Q1 FY25.
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Operational Highlights
Operationally, transaction volumes grew 23 percent, with an Average Transaction Value (ATV) of Rs 0.93 lakh. Customer footfall also rose 25 percent, supported by a strong conversion rate of 92 percent.
Festive sales remained a key growth driver, with record single-day sales of Rs 139.53 crore on Akshaya Tritiya, up 35.1 percent year-on-year. The share of studded jewellery increased 41.6 percent YoY, taking its contribution to 10 percent of retail sales.
P N Gadgil Jewellers stands as Maharashtra’s second-largest organized jewellery retailer, boasting 55 stores—54 in Maharashtra and Goa, and 1 all the way in the USA. They offer a stunning variety of gold, silver, platinum, and diamond jewellery, including their popular lightweight “Litestyle” collection.
Under the leadership of MD Dr. Saurabh Vidyadhar Gadgil, a proud sixth-generation entrepreneur, the brand beautifully blends its rich heritage with contemporary designs, earning the trust and loyalty of its customers.
Written by Satyajeet Mukherjee
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