National News

GJEPC hosts seminar on ‘Trade Opportunities’ in suburban Mumbai

Published

6 months ago

May 12, 2025

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GJEPC organised a seminar titled “GJEPC and Trade Opportunities” for the gem and jewellery community in suburban Mumbai on 10th May, drawing participation from over 80 stakeholders, including exporters, traders, wholesalers, budding entrepreneurs, and trade association members.

Delivering the keynote address, Ms. Khushboo Ranawat, Western Regional Chairperson, GJEPC, highlighted the Council’s initiatives aimed at supporting MSMEs and exporters through market intelligence, financial assistance, and international exposure.

Mansuhk Kothari, Member, Committee of Administration (CoA), GJEPC, elaborated on flagship initiatives like IIJS and the Parichay Card. Mr. Ashish Borda, Member – Diamond Panel, GJEPC, encouraged young entrepreneurs to explore export opportunities, noting GJEPC’s role as a guide and enabler for new entrants.

A detailed presentation by. Mithilesh Pandey, Director, MSME, GJEPC, addressed critical topics such as FTAs, e-commerce, hand-carry exports, and available government schemes. He also outlined GJEPC’s custom clearance assistance and participation in international exhibitions.

Highlighting the importance of skill development, Mr. Debashish Biswas, CEO, Indian Institute of Gems & Jewellery (IIGJ) spoke about the institute and its role in shaping the workforce for nearly four decades.

Key infrastructure developments were also spotlighted, including the upcoming India Jewellery Park Mumbai, envisioned to offer world-class facilities for MSME manufacturers, and the Mega Common Facility Centre (CFC), which provides shared access to high-end machinery and quality control services to help reduce operational costs.

National News

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

Published

14 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.”