P N Gadgil Jewellers Limited has informed the Exchange about Transcript
PNGJL · price
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P N Gadgil Jewellers reported a strong Q1 FY26 despite a 35% YoY surge in gold prices, with consolidated revenue up ~3% YoY at Rs 1,715 crore. Profitability jumped sharply with EBITDA growing 85.4% to Rs 122 crore and PAT up ~97% to Rs 69.3 crore, helped by gross margin expanding from 8.3% to 13.2% on a higher studded jewellery mix (10% of retail sales) and cheaper diamond procurement. The retail segment grew 19% YoY, e-commerce surged 126%, and franchise revenue rose 109%, with same-store sales growth of 8% and footfalls up 25%. The company added two new stores (total 55) and plans 20–25 additions in FY26 as it expands beyond Maharashtra into Indore, Kanpur, and Lucknow, while reiterating FY26 guidance of Rs 9,000–9,500 crore revenue and 3.5–4% PAT margin.
Sharp margin expansion and reaffirmed full-year guidance are positive for sentiment, while the multi-year store expansion plan (100+ stores by FY28) supports the long-term growth story. The muted 3% topline growth and notional Rs 25 crore gold metal loan mark-to-market loss are minor watchpoints.