P N Gadgil Jewellers Q1 FY26 Earnings Results: Reported Revenue of ₹17,145.6 Million, with EBITDA up 85.4%

For the quarter ended June 30, 2025, P N Gadgil Jewellers Limited reported:

• Revenue: ₹17,145.6 Million, up 2.8% YoY and 8% QoQ.
• EBITDA: ₹1,228.5 Million, up 85.4% YoY; margin at 7.2% (up 320 bps).
• PAT: ₹693.4 Million, up 96.3% YoY; margin at 4%.
• Store Efficiency: Average revenue per store stood at ₹311.7 Million, while net profit per store was ₹12.6 Million.

Segment Performance

• Retail: Contributed 70.3% of sales, with revenue up 19% YoY, EBITDA margin at 10%, and PAT margin at 5.7%.
• E-Commerce: Revenue surged 125.9% to ₹661.3 Million.
• Franchise: Revenue grew 15.7% to ₹2,692.8 Million.
• Same Store Sales Growth: 8%, slightly impacted by the shift of the Gudi Padwa festival to Q4FY25.

Operational Highlights

• Higher Transactions & Spending: Transaction count rose 23%, and average ticket value reached ₹93,000.
• Footfall Growth: 25% increase in store visits with a 92% conversion rate.
• Festive Sales Record: Akshaya Tritiya sales hit ₹1,395.3 Million, up 35.1% from last year.
• Product Mix: Share of studded jewellery rose 41.6% YoY, making up 10% of retail sales.

Management’s View

CMD Dr. Saurabh Gadgil said growth was driven by retail expansion, a higher share of studded jewellery, and better cost control. Despite gold price volatility and market challenges, the company maintained strong demand and improved profitability.

About P N Gadgil Jewellers

Founded in 1832, P N Gadgil Jewellers is the second-largest organised jewellery retailer in Maharashtra by store count, with 55 outlets (54 in India, 1 in the USA). The brand offers gold, silver, platinum, and diamond jewellery for weddings, festivals, and daily wear, along with a lightweight jewellery line under its "Litestyle" sub-brand.

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P N Gadgil Jewellers Share Price Movement

As of 13 August 2025, at 11:20 AM IST, P N Gadgil Jewellers share price (NSE: PNGJL) was trading at ₹572.85, down ₹7.80 or 1.34% for the day. The stock opened at ₹582.00, reached an intraday high of ₹588.30, and a low of ₹569.10. The company has a market capitalisation of ₹7,790 crore, a price-to-earnings (P/E) ratio of 33.50, and currently does not offer a dividend yield. Over the past 52 weeks, the share has recorded a high of ₹848.00 and a low of ₹473.80.

Conclusion

P N Gadgil Jewellers delivered a robust Q1FY26, with significant growth in profits and margins supported by strong retail and e-commerce performance. With a solid brand legacy, expanding product mix, and increasing customer engagement, the company is well-positioned for sustained growth.

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