P N Gadgil Jewellers Q1 FY2026-27 Results: Net Profit Soars 52% To ₹105 Crore, Retail Segment Grows 56.4%

P N Gadgil Jewellers Ltd on Monday, July 27, 2026, reported its financial results for the April–June quarter (Q1 FY2026-27), posting broad-based growth across its retail business despite elevated gold prices.

The company reported a consolidated net profit of ₹105 crore, up 52% from ₹69.34 crore in the corresponding quarter last year. Profit before tax increased 51.63% year-on-year to ₹140.59 crore.

Revenue from operations rose 40.73% to ₹2,412.98 crore, compared with ₹1,714.56 crore a year earlier, driven by higher retail sales and sustained demand for gold, diamond and silver jewellery.

EBITDA climbed 56.6% year-on-year to ₹192.41 crore from ₹122.85 crore, while EBITDA margin improved to 8%, from 7.2% in the year-ago period.

PNG Jewellers Q1 FY2026-27 Results- Segment Performance

The retail business remained the company's largest growth driver during the quarter.

Retail revenue increased 56.4% year-on-year to ₹1,885.10 crore, taking its contribution to total revenue to 78%, compared with 70% in the corresponding quarter last year.

Revenue from the franchise business rose 7.9% to ₹290.64 crore, while the e-commerce segment grew 20% to ₹79.3 crore.

Revenue from other businesses, including corporate orders, declined 9.2% year-on-year to ₹157.9 crore.

Same-store sales growth (SSSG) stood at 46.1%, reflecting higher customer footfalls and stronger transaction volumes across stores.

PNG Jewellers Q1 FY2026-27 Results -Category Performance

Demand remained healthy across major jewellery categories during the quarter.

Diamond jewellery recorded 29% growth in value and 26% growth in volume.

Gold jewellery posted 54% growth in value, while volumes remained broadly stable despite elevated bullion prices, declining only 1% from a year earlier.

Silver sales rose 131% in value, although volumes softened 7% year-on-year.

The retail stud ratio improved to 10.9%, compared with 9.9% in the previous quarter. Newly opened stores in North and Central India continued to report a higher stud ratio of 15% to 18%, reflecting stronger demand for studded jewellery in those markets.

PNG Jewellers Q1 FY2026-27 Results - Store Network

As of June 30, 2026, P N Gadgil Jewellers operated 78 stores, including 77 in India and one in the United States.

The company plans to open a few outlets during the second quarter of FY2026-27, with most of its expansion scheduled for the second half of the financial year.

PNG Jewellers Q1 FY2026-27 Results: Management Commentary

Chairman and Managing Director Dr Saurabh Gadgil said the company delivered its strongest-ever first quarter, supported by healthy consumer demand, the strength of the PNG brand and disciplined execution across its operations.

He said the retail business continues to gain market share, while rising demand for studded jewellery and encouraging customer response to LiteStyle by PNG are improving the overall product mix. Recently launched stores in North and Central India have also delivered encouraging early performance.

Gadgil said the Gold Bars & Coins business continues to strengthen long-term customer engagement, with a growing number of customers converting their purchases into jewellery over time.

Looking ahead, he said the company remains focused on disciplined store expansion, particularly in high-potential markets across North India. It also plans to increase hedge coverage progressively to improve earnings stability as the business scales.

P N Gadgil Jewellers Share Price

P N Gadgil Jewellers shares rallied after the earnings announcement, rising as much as 8.18% during Monday's session to touch an intraday high of ₹700 on the NSE. P N Gadgil Jewellers As on tuesday at the time of writing the shares declined 2.2% at ₹673.75 apiece on the NSE

Also Read - Hindustan Unilever Q1 FY2026-27 Results: Net Profit Declines 3% To ₹2,673 Crore, Revenue Rises 10%