National News
P N Gadgil Jewellers Limited – Quarterly Update Q3 FY26
The Retail segment delivered strong revenue growth 46% in Q3 FY26 compared to the same period in the previous financial year, accounting for 83.2% of total revenue. The growth was primarily driven by strong festive and wedding season demand.
Non-Retail Segments
- E-commerce: This segment recorded a 138% increase compared to the same quarter in the
previous financial year; it contributed 5.1% to total revenue. - Franchisee Operations: This segment grew by 12% YoY, accounting for 7.7% of total revenue. During the quarter under review, total revenue excluding the other segment delivered a YoY growth of 46%. The details are provided below:
| Consolidated Revenue (₹ in Cr) | Q3 FY’26 | Q3 FY’25 |
|---|---|---|
| Revenue Excluding Other Segment | 3,169 | 2,176 |
| Other Segment | 133 | 259 |
| Total Revenue | 3,302 | 2,435 |
- Other segment: It accounted for 4% of total revenue in Q3 FY26, primarily comprising B2B
bullion sales from the Head Office and corporate segment.
Festive Sales
- Dussehra sales stood at Rs.190 crore, reflecting a strong 64% YoY growth.
- Dhanteras registered a revenue of Rs.277 crore, marking the highest-ever single-day festive sales
for the company. Consequently, total Diwali sales aggregated to Rs.606 crore, registering a robust
74% YoY growth. - October 2025 witnessed the highest-ever monthly revenue of Rs1,807 crore, representing a
significant 72% YoY increase.
Product Mix and same store sales growth
- The studded jewellery contribution for the 9M FY26 increased by 52% YoY, taking the stud ratio to 8.4 %.
- Further, the Same-store sales growth (SSSG) for the quarter stood at 32%.
Operational Highlights
- During the quarter, the Company launched 3 exclusive company owned outlets, taking the total store
- count to 66 as of December 31, 2025.
Outlook for FY26
- On the expansion front, Company continues to focus on accelerating our store rollout plan, with 12-14 new openings planned for Q4 FY26, comprising a mix of company owned (COCO) and franchisee operated (FOCO) outlets. These additions will enable us to achieve our target of 78-80 stores by the end of the fiscal year.
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Make Your Mark with Candere’s Cuff Earrings Collection—Where Bold Meets Beautiful
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