National News

GJEPC Hosts Jewellery Chaupal in Kanpur to Promote IIJS Premiere 2025 and Export Growth

The Gem & Jewellery Export Promotion Council (GJEPC), in association with the Uttar Pradesh Vyapar Mandal – Sarafa Wing, organized a focused Jewellery Chaupal in Kanpur, aimed at educating and empowering local jewellers about industry growth opportunities.

Published

5 months ago

June 3, 2025

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The session was led by Mr. Mithilesh Pandey, Director, GJEPC, and Ms. Naheed Sunke, Assistant Director, GJEPC, who engaged directly with retail jewellers from across the city. The event featured interactive discussions on key topics such as GJEPC membership benefits, export documentation, MSME support schemes, India Jewellery Exposition (IJEX), and global trade prospects.

Mr. Pandey emphasized India’s rising stature in the global gem and jewellery market, encouraging participants to explore international business avenues. He also detailed how GJEPC initiatives are designed to support and scale businesses in smaller markets like Kanpur.

Ms. Sunke provided a comprehensive overview of IIJS Premiere 2025, showcasing its potential as a premier B2B platform for networking, brand building, and global exposure. She encouraged local jewellers to participate in IIJS to tap into broader markets and grow their business footprint.

Officials from the Sarafa Wing appreciated GJEPC’s outreach efforts, noting that such informative sessions enhance industry awareness, build connections, and create pathways for export growth.

As part of the visit, the GJEPC team also toured select retail jewellery stores in Kanpur, further promoting its schemes and initiatives.

National News

P N Gadgil Jewellers Reports 127% Surge in PAT for Q2 FY26; Strong Growth Across Retail, E-commerce, and Franchise Segments

Published

2 hours ago

November 12, 2025

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P N Gadgil Jewellers Limited, one of India’s oldest and most trusted jewellery houses with a 193-year legacy, has announced its unaudited consolidated financial results for the quarter ended September 30, 2025 (Q2 FY26), showcasing exceptional performance across key parameters.

The company reported an EBITDA of Rs.1,429.4 million, marking a 117% year-on-year (YoY) increase, and a Profit After Tax (PAT) of Rs.793.1 million, reflecting a 127% YoY growth. Revenue from operations rose to Rs.21,776.2 million, up 8.8% YoY and 27% sequentially (QoQ). EBITDA margin expanded by 327 basis points to 6.6%, while PAT margin improved to 3.6%.

For H1 FY26, total revenue stood at Rs.38,921.8 million, growing 6.1% YoY, with an average revenue per store of Rs.617.81 million and net profit per store of Rs.23.69 million, underscoring strong operational efficiency.

Segmental Highlights

Retail: Contributed 72.2% of total sales, achieving 28.9% revenue growth, with EBITDA margin at 9.1% and PAT margin at 5.1%.
E-commerce: Delivered a stellar 113.2% YoY growth, with revenue rising to ₹1,435.1 million.
Franchise: Registered a 104.7% increase, with revenue reaching Rs.3,408.9 million in Q2 FY26.
Same-Store Sales Growth (SSSG): Improved by 29% over the previous quarter.

Operational Highlights

Transaction Volume & Spend: Transaction count grew 18%, while the Average Transaction Value (ATV) increased to Rs.90,000.
Customer Engagement: Footfall rose 20% with a robust 93% conversion rate, signalling strong consumer sentiment.
Festive Momentum: Achieved record Navratri sales of ₹4,281 million, up 66% YoY.
Category Performance: Gold sales rose 24% in value and 15% in volume, Silver surged 92% in value and 59% in volume, while Diamonds recorded a 31% volume rise, lifting the stud ratio to 9%.

Excluding refinery operations, total revenue grew by 31.4% YoY in Q2 FY26 and 30.9% YoY in H1 FY26, highlighting robust growth across all core business segments.

P N Gadgil Jewellers’ strong performance reflects its strategic focus on customer experience, digital growth, and retail expansion, reaffirming its leadership position in India’s jewellery industry.

Commenting on the performance, Dr. Saurabh Gadgil, Chairman & Managing Director, P N Gadgil Jewellers Limited, said, “Our revenue stood at 38,921.8 million, EBITDA at 2,659.8 (up 101.3% YoY), and PAT at ₹1,486.5 million (up 111.6% YoY) in H1 FY26, supported by healthy growth across all segments, led primarily by the Retail business. Our signature events, Mangalsutra Mahotsav and Paijan Mahotsav, received an exceptional customer response, while record-breaking Navratri sales of Rs.4,281 million provided a strong close to the quarter’s performance.

During the quarter, we also launched a flagship store in Dadar, Mumbai, further strengthening our presence in Maharashtra, and expanded beyond our home state, entering new markets in Uttar Pradesh and Madhya Pradesh. With Dussehra, Diwali, and the upcoming wedding season in the subsequent quarter, we remain optimistic about sustaining this growth momentum.”