P N Gadgil Jewellers Limited, one of the most reputed jewellers in the country, boasting around 193 years of excellence in craftsmanship and trusted service in the retail business of gold, silver, and diamond jewellery, announced its unaudited financial results for the quarter and nine months ended 31 st December, 2025.

During the period under review, total revenue excluding the other segment grew by 45.6% YoY (Q3 FY26 vs. Q3 FY25) and by 41.0% YoY (9M FY26 vs. 9M FY25). The following summary presents the revenue breakdown:

• Retail segment is 83.2% of our total sales, continues to lead the way, achieving an impressive Revenue growth of 46.2% an EBITDA margin of 10.1% and a PAT margin of 6.5%.

• For 9M FY26, average revenue per store stands at around Rs. 1,090.1 million, while net profit per store reached Rs. 48.4 million, demonstrating strong efficiency and profitability at the store level.

Operational Financial Highlights

• Product-wise Performance: For nine months ended FY26, the Silver category delivered a strong performance with 96% growth in value and 56% growth in volume, while Diamond sales also improved, recording over 50% rise in volume Y-o-Y, resulting in the stud ratio reaching 8.4%.

• Festive Sales Surge: Festive sales remain a key driver of our success. Dussehra alone delivered the company’s highest-ever single-day festive sales of ₹1,900 Mn increased by 64% Y-o-Y. The company recorded festive season sales of ₹ 6,060 Mn during Diwali, registering a robust 74% growth as compared to the previous year.

• Customer Footfall and Conversion Rate: A 33% increase in footfall, coupled with a strong Conversion rate of 94%, further fuels our growth, reflecting increased Demand, customer engagement and sustained purchasing behaviour at the store level.

• Increased Transaction Count and ATV: As customer engagement continues to rise, there has been a notable uptick in both transaction volumes and average spending per visit. The transaction count grew by 35%, taking the Average Transaction Value (ATV) to Rs. 103.1k.

Commenting on the performance, Dr. Saurabh Gadgil, Chairman & Managing Director, P N Gadgil Jewellers Limited, said, “The quarter witnessed strong momentum, supported by healthy Festive and wedding-led demand. Revenue from operations increased 35.6% YoY to Rs. 33,026 Mn in Q3 FY26, despite gold price volatility. Demand remained broad-based across core markets, led by gold jewellery, new designs and an increasing preference for lightweight and studded jewellery, supported by strong brand recall and customer trust. Profitability improved significantly during the quarter, with PAT rising 98.6% YoY to Rs.1,709 Mn, supported by a favorable product mix, higher contribution from Studded jewellery, along with disciplined cost management, resulted in meaningful margin expansion. Retail continued to be the primary growth driver, complemented by strong growth in e-commerce and steady performance in the franchise segment. The Company continued to execute its expansion strategy with the addition of three new company-owned stores this quarter at Moshi (Pimpri-Chinchwad), Patna (Bihar), and Viman Nagar under the LiteStyle format, taking the Company’s total retail footprint to 66 stores as of December 2025. Going ahead, management remains focused on driving same-store sales growth, maintaining healthy inventory turns, and sustaining profitable growth, supported by continued upcoming festive & wedding led demand.”

source: PNG Jewellers