P N Gadgil Jewellers Reports Stellar FY26: Revenue Crosses ₹10,000 Crore Mark

P N Gadgil Jewellers Limited (NSE: PNGJL; BSE: 544256) has announced an exceptional business update for the fourth quarter and full financial year ended March 31, 2026. The company reached a historic milestone, with annual revenue surpassing ₹10,000 crore, supported by an extraordinary surge in retail demand and rapid store expansion.

Financial Performance Highlights

The company's growth trajectory accelerated significantly in the final quarter of the fiscal year:

Annual Revenue: Total revenue for FY26 reached ₹10,744 crore, marking a 40% Year-on-Year (YoY) growth.

Quarterly Surge (Q4 FY26): Total revenue for the quarter stood at ₹3,552 crore, an explosive 124% increase compared to ₹1,587 crore in Q4 FY25.

Same-Store Sales Growth (SSSG): Existing locations saw a massive 86% YoY growth in sales, reflecting intense customer loyalty and brand strength.

Segment Growth: The Retail segment grew by 102%, while Franchise operations and E-commerce grew by 132% and 67% respectively.

Product Mix and Festive Success

Despite the volatility in gold prices, the company saw high volume traction across all categories:

Volumes: Gold volumes rose by 27%, Silver by 37%, and Diamond volumes skyrocketed by 125%.

Studded Ratio: The focus on high-margin diamond and studded jewellery increased the stud ratio to 9%.

Event Sales: The company's "Foundation Day" generated ₹365 crore, while "Gudi Padwa" festive sales reached ₹171 crore (up 38% YoY).

Operational Footprint and Credit Rating

Network Expansion: PNG Jewellers added 12 stores during the quarter (8 Company-Owned and 4 Franchisee-Owned), bringing the total store count to 78 (77 in India and 1 in the USA).

New Markets: The company strengthened its core Maharashtra market and successfully entered Uttar Pradesh with new stores in Gorakhpur and Varanasi.

Rating Upgrade: Reflecting its strong financial health, India Ratings upgraded the company's long-term rating to IND A+/Stable.

FY27 Outlook: Target ₹13,500 Crore

The company has set aggressive targets for the next financial year:

Store Count: Plans to add 25 new stores, aiming for a total of 103 locations by March 2027.

Revenue Target: Targeting ₹13,500 crore (25% growth) with an EBITDA margin of 7.5%.

Shares of P N Gadgil Jewellers Limited was last trading in BSE at Rs. 615.25 as compared to the previous close of Rs. 599.30. The total number of shares traded during the day was 32081 in over 1830 trades.

The stock hit an intraday high of Rs. 634.95 and intraday low of 609.85. The net turnover during the day was Rs. 19885086.00.

Source : Equity Bulls

Keywords

INE953R01016 PNGadgilJewellers Jewellery Gems PNGJL BusinessUpdate Q4FY26 FY2026