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Tanishq Natural Diamonds and Rahul Mishra Join Forces To Unveil A First Of Its Kind Exclusive Couture Jewellery Collection At Paris Couture Week 2026

~ Marking A Landmark Global Launch, The Collaboration Brings Together Tanishq’s Natural Diamond Craftsmanship and Rahul Mishra’s Globally Celebrated Couture Artistry To Present A New Expression Of Contemporary Indian Luxury On One Of Fashion’s Most Prestigious Stages ~

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Tanishq Natural Diamonds and internationally acclaimed couturier Rahul Mishra unveiled a first-of-its-kind exclusive couture jewellery collection at Paris Couture Week 2026, marking a landmark collaboration between India’s leading jewellery house and one of its most celebrated fashion designers. The collection brought together the worlds of haute couture and high jewellery in a singular expression of contemporary Indian luxury, translating couture narratives into exceptional jewellery artistry.

This was the result of months of creative collaboration, translating Rahul Mishra’s celebrated couture language into sculptural jewellery through the artistry and craftsmanship of Tanishq Natural Diamonds. Rather than creating jewellery to complement couture, the two creative houses conceived each piece as an extension of the garments themselves, where jewellery echoed the same architectural precision, movement and storytelling.

Drawing from the interplay between structure and nature, the collection transformed architectural forms into fluid florals through sculptural silhouettes, intricate detailing and exceptional gemstone artistry. Conceived as a series of one-of-a-kind couture jewellery creations, the collection reimagines Tanishq’s natural diamond craftsmanship along with Rahul Mishra’s celebrated design language, where every piece is an extension of couture itself.

At the heart of the collection are the Enchanted Canopy and the Imperial Cascade Neckwear, each embodying the collection’s philosophy of translating nature, architecture and movement into sculptural jewellery. Natural white and black diamonds were paired with citrine, emerald, amethyst, pink tourmaline, rubellite and garnet, while intricate pavé, snow pavé, channel and prong settings brought light, depth and movement to every creation.

Conceived as one-of-a-kind and limited-edition couture creations, each piece was crafted as a collectible work of art designed exclusively for the Paris Couture Week presentation and available thereafter only through curated showcases and private client experiences. The collection reflects the rarity, craftsmanship and bespoke character that define the highest expressions of luxury.

Debuting on one of fashion’s most prestigious global stages, it brought Tanishq’s decades-long expertise in natural diamond craftsmanship together with Rahul Mishra’s philosophy of storytelling through couture, presenting a contemporary vision of Indian luxury that is deeply rooted in heritage while resonating with a global luxury audience.

Commenting on the collaboration and design, Revathi Kant, Chief Design Officer, Titan Company Limited, added:

“Couture has always been about celebrating craftsmanship at its highest expression, and jewellery has the unique ability to carry stories, emotion, and extraordinary artistry. Presenting this collection at Paris Couture Week is a defining milestone, not just for this collaboration with Rahul Mishra, but for Indian design itself. It represents two Indian creative houses coming together to demonstrate that our craftsmanship, innovation, and design excellence can confidently shape the global couture jewellery conversation.

More than a collection, it is a celebration of creativity, heritage, and contemporary luxury, reflecting an evolved design language that honours tradition while pushing the boundaries of what Indian jewellery can represent on the world stage.”

Speaking about the collaboration, Rahul Mishra said:

“As a couturier, my intent has always been to celebrate the extraordinary possibilities of Indian craftsmanship. This collaboration extends that philosophy into jewellery, allowing the inspirations I usually express through embroidery to find a new expression through natural diamonds and precious materials. Together with Tanishq Natural Diamonds, we sought to create pieces that speak the language of contemporary high jewellery while remaining deeply rooted in India’s artistic heritage. Their exceptional expertise in jewellery making made it possible to translate the movement, texture and emotion of couture into creations that are intricate in detail, fluid in expression and rich in narrative.

The Metamorphosis Neckwear reflects the beauty of transformation and constant evolution, while the Floral Hexagon Neckwear explores the harmony between geometry and nature. More than individual creations, these pieces celebrate an idea that has always guided my work: that craft carries memory, and when reimagined with care, tradition continues to evolve in new and meaningful ways.

The collection reflects a new dialogue between couture and jewellery, where design, material and artistry converge to create pieces that exist beyond a single moment in fashion. Each creation captures the spirit of the runway while becoming an enduring expression of creative vision and timeless design.

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P N Gadgil Jewellers Limited – Quarterly Update Q1 FY27

Retail Business Surges On Strong Same-Store Sales Growth, While The Company Stays On Track To Open ~25 New Stores In FY27, Targeting A Network Of ~103 Outlets By Year-End.

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Revenue Update

The Company delivered a strong performance in Q1 FY27, reporting robust revenue growth of 41% YoY.

The Retail segment grew 56% YoY, with robust same-store sales growth (SSSG) of 46% YoY as the primary driver, indicating that the growth was substantially organic in nature, driven by deeper customer engagement at existing stores. As a result, the Retail segment contributed around 78% of the total revenue, which is meaningfully higher on a YoY basis.

Franchise and E-com business grew by 8% and 20% respectively YoY.

Share of gold bullion sales in Retail revenue is normalized and on a stable level of ~22% as compared to a higher share in the previous quarter. The consistent reduction in the lower-margin bullion business, alongside the rising contribution of retail and studded jewellery, continues to drive a structural improvement in the overall quality of revenue.

Product Mix

The Company recorded strong growth across categories. Diamond jewellery growth reflects the growing consumer preference for studded jewellery across our existing and new markets. As a result, the studded jewellery mix improved, with the retail stud ratio rising to 10.9%.

Notably, our recently launched stores across Northern and Central India, though still contributing around 3.4% of Retail sales, are already recording a meaningfully higher stud ratio than our established network in Maharashtra and Goa. This early evidence validates our strategy of expanding into new geographies where the preference for studded jewellery is structurally stronger. As the contribution of these stores rises with the planned expansion over the coming quarters, this mix advantage is expected to scale meaningfully at the company level.

Operational Highlights

During the quarter, our focus remained on strengthening the performance of the existing network, advancing site identification and franchise partner onboarding for upcoming launches, and building the operational readiness required to execute the expansion pipeline for the remainder of the year.

The total store count as of June 30, 2026, stood at 78 (77 in India and 1 in the U.S.A.), with the store rollout for the year planned from the subsequent quarters onwards, in line with our phased expansion calendar.

Outlook for FY27

Financial performance for the quarter remains in line with our previously stated Gross Margin and EBITDA Margin guidance for FY27, and we remain confident of delivering on the same.

Further, we remain on track with our stated plan of opening ~25 new stores during the fiscal year, taking the total store count to ~103 by the end of FY27. The rollout will be phased across the remaining three quarters of the year, with a progressively accelerating launch calendar and a franchise-led approach across both Legacy and LiteStyle formats, deepening our presence in Maharashtra while progressively expanding into Uttar Pradesh, Bihar, Central India and the NCR region.

Note: This update provides a summary of the company’s financial performance for the quarter ended June 30, 2026. The results are subject to limited review by the Statutory Auditors. Upon approval by the Board of Directors, a detailed information update will follow. The revenue figures mentioned above represent revenue from the sale of goods.

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