P N Gadgil Jewellers Limited has informed the Exchange regarding 'Quarterly Update - Q1 FY26'.
PNGJL · price
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P N Gadgil Jewellers reported Q1 FY26 total revenue of ₹17,137 million, up from ₹16,675 million in Q1 FY25. On a like-for-like basis (excluding discontinued refinery sales), revenue grew 30.4% YoY. The retail segment, contributing 70.3% of revenue, grew 19.4%, while e-commerce surged 126% and franchisee operations grew 109% YoY. Same-store sales growth was 8%, partly impacted by the timing shift of the Gudi Padwa festival. The company recorded its highest-ever single-day Akshaya Tritiya festive sales of ₹1,395.3 million, up 35.1% YoY. Store count expanded to 55 (42 company-owned + 13 franchise), with a new sub-brand 'Litestyle' launched.
Strong growth across continuing business segments signals healthy underlying demand. The 30%+ growth on a comparable basis, combined with festive season records and continued store expansion (target of 20-25 new stores in FY26), is positive for revenue trajectory, though the discontinued refinery line modestly drags reported total revenue growth.