P N Gadgil Jewellers Limited has informed the Exchange about Transcript
PNGJL · price
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P N Gadgil Jewellers reported strong FY25 results with revenue from operations at Rs. 7,693 crores (up 25.9% YoY), EBITDA of Rs. 371 crores (up 33.2%), and PAT of Rs. 218 crores (up 40.7%), with EBITDA and PAT margins expanding 20 bps and 30 bps to 4.8% and 2.8% respectively. Q4 FY25 revenue grew 5% YoY to Rs. 1,588 crores with EBITDA margin expanding 90 bps to 6.9% and PAT up 12.9% to Rs. 62 crores. Retail segment surged 50.1% YoY (81.5% of sales), e-commerce grew 243%, and franchisee revenue rose 37.2%. Same-store sales growth was strong at 26.5%, footfalls up 37.8% with a 92.3% conversion rate. Management guided for 25-30% revenue growth and 8-11% volume growth in FY26, targeting retail EBITDA margins of 7-8%, company-level PAT margin of 2.75-3.25%, and FY26 PAT of Rs. 320-350 crores. The company plans to add 20-25 new stores in FY26 (12-13 PNG full-fledged, 12-13 LiteStyle) with expansion into UP and Bihar, while deferring any QIP dilution to protect ROE.
The robust FY25 earnings, double-digit profit growth, and explicit margin expansion guidance for FY26 (targeting ~Rs. 320-350 cr PAT) are positive signals for shareholders. The retail-led growth strategy and aggressive store expansion show management confidence, while deferring the QIP dilution protects existing shareholders from near-term ROE dilution.