PNGS Reva Diamond Jewellery Share Price Declines Over 6% After Q2FY27 Results

PNGS Reva Diamond Jewellery Limited reported revenue from operations of ₹120.54 crore for the quarter ended September 30, 2026, compared with ₹102.97 crore in the same period last year, as per exchange filings dated October 26, 2026.  

Revenue was ₹117.97 crore in the June 2026 quarter. Total income for the September quarter stood at ₹125.71 crore, including ₹5.24 crore from other income.  

Revenue from operations for the first half of FY27 was ₹238.51 crore, against ₹156.72 crore in the corresponding period last year. 

Net Profit and Expenses 

The company's net profit rose to ₹23.29 crore from ₹12.68 crore in the September 2025 quarter. Compared with the preceding quarter, however, net profit declined from ₹27.21 crore. 

Profit before tax was ₹31.03 crore, up from ₹16.98 crore a year earlier. Total expenses increased to ₹94.76 crore from ₹86.11 crore in the year-ago quarter. Finance costs stood at ₹2.50 crore, while employee benefit expenses were ₹2.23 crore. 

For the six months ended September 30, 2026, net profit was ₹50.50 crore, compared with ₹20.13 crore in the same period last year. 

Store Network 

The company had 34 shop-in-shop (SIS) stores with P. N. Gadgil & Sons Limited and five exclusive brand stores as of October 26, 2026. At the end of March 2026, it had two exclusive brand stores. 

Sales of diamond-studded jewellery, including jewellery featuring precious stones, amounted to ₹120.54 crore during the September quarter. 

IPO Fund Utilisation 

PNGS Reva Diamond Jewellery raised ₹379.52 crore through its initial public offering (IPO) on February 27, 2026. The net proceeds allocated for utilisation amounted to ₹349.12 crore.  

By September 30, the company had used ₹65.52 crore, leaving ₹283.60 crore unutilised. The remaining funds were temporarily held in fixed deposits and a monitoring account. 

The IPO proceeds are to fund the opening of 15 exclusive brand stores, marketing and promotional expenses, and general corporate purposes.  

The expansion plan covers Tier 1 cities, with selected Tier 2 cities in Maharashtra and other metropolitan areas also under consideration. 

Read More: Apollo Micro Systems Share Price Surges Over 7% as Q2FY27 Revenue Jumps 72.3%! 

PNGS Reva Diamond Jewellery Share Price Performance  

As of October 12, 2026, 1:12 pm, PNGS Reva Diamond Jewellery share price was trading at ₹590.40, a 6.66% decrease from the previous closing price. 

Conclusion 

PNGS Reva Diamond Jewellery recorded year-on-year growth in revenue and net profit for the September 2026 quarter. The company also reported five exclusive brand stores as of October 26, 2026, against two at the end of March. 

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