National News
P N Gadgil Jewellers Reports Record FY26 Revenue Of ₹ 1,07,391 Million; Revenue Surges 39.6% YoY And PAT Grows 87.8%
P N Gadgil Jewellers Limited, announced its audited financial results for the quarter and full year ended 31st March, 2026. P N Gadgil Jewellers Limited reported record FY26 revenue of Rs 1,07,391 million; revenue surged 39.6% YoY and PAT grew 87.8%
The Same-Store Sales Growth (SSSG) for the quarter remained strong at 86% YoY, reflecting healthy customer traction across existing stores, while full-year SSSG stood at 43% YoY. During the period under review, total revenue excluding the other segment grew by 103.1% YoY (Q4 FY26 vs. Q4 FY25) and by 56.4% YoY (FY26 vs. FY25). • For FY26, average revenue per store stands at around Rs. 1,376.8 million, while net profit per store reached Rs. 52.5 million, demonstrating strong efficiency and profitability at the store level.
Operational Financial Highlights:
• Product-wise Performance: For the quarter ended 31st March 2026, the gold category recorded 120% growth in value and 27% growth in volume, while the silver category delivered 246% growth in value and 37% growth in volume. The diamond category also posted 84% growth in value and over 125% growth in volume YoY, resulting in the retail stud ratio reaching 9.9%.
• Event & Festive Sales Surge: Festive and celebratory sales continued to witness strong momentum during the period, driven by robust consumer demand across categories. Foundation Day sales stood at Rs.3,651.1 million, followed by an impressive Gudi Padwa performance with sales of Rs.1,707.0 million, reflecting a strong 38% YoY growth. Additionally, Gratitude Day celebrations marking the milestone of surpassing Rs.1,00,000 million in revenue generated healthy sales of Rs.2,254.4 million.
• Customer Footfall and Conversion Rate: A 10% increase in footfall, coupled with a strong conversion rate of 93%, 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 9%, taking the Average Transaction Value (ATV) to Rs. 100.2k.
Dr. Saurabh Gadgil, CMD, P N Gadgil Jewellers Ltd said:
“FY26 was a defining year for P N Gadgil Jewellers as the Company crossed the Rs.100,000 Mn revenue milestone for the first time, delivering consolidated revenue of ₹107,391 Mn, reflecting a strong growth of 39.6% year-on-year. The year witnessed healthy momentum across markets despite elevated gold prices, supported by strong wedding and festive demand, new collections, and increasing consumer preference for lightweight and studded jewellery.
Profitability improved significantly during the year, with EBITDA rising 89.6% year-on-year to Rs.7,040 Mn and Profit After Tax increasing 87.8% year-on-year to Rs.4,098 Mn, driven by a favorable product mix, higher contribution from studded jewellery, operating leverage, and disciplined cost management.
Retail continued to remain the primary growth driver, recording strong YoY growth of 50.5%, while the Franchise and E-commerce segments grew by 83.0% and 105.2% respectively, reflecting continued brand strength and strong omni-channel execution. The Company continued to execute its expansion strategy during the year, with one of the key operational highlights being its entry into Madhya Pradesh, Uttar Pradesh, and Bihar, along with continued expansion across Maharashtra, in line with its aspiration to emerge as a leading pan-India jewellery player. During FY26, the Company expanded its store footprint to 78 stores, further strengthening its presence across key high potential markets.”
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