PNG Q3 results: PN Gadgil Jewellers net profit up 99% to ₹171 crore, revenue rises 36%

The company posted a post-tax profit of ₹86.03 crore in the corresponding period of the previous fiscal year, it said.

Its consolidated revenue from operations surged 35.58% to ₹3,302.6 crore in Q3 FY26, compared to ₹2,435.75 crore in the year-ago quarter.

Earnings before interest, taxes, depreciation, and amortisation (EBITDA) rose 99.36% to ₹244 crore in the October-December period of the current financial year as against ₹123 crore a year back. EBITDA margin stood at 7.4% vs 5.03%.

PN Gadgil Jewellers share price

Shares of PN Gadgil Jewellers settled 8.89% higher at ₹599 apiece on the National Stock Exchange. Its market capitalisation stood at ₹8,128.93 crore.

The company said that its customer engagement continues to rise, with a notable uptick in transaction volumes as well as average spending per visit. The transaction count rose 35%, taking the average transaction value (ATV) to ₹103.1k. It also posted a 33% increase in footfall, coupled with a strong conversion rate of 94%.

The firm added three new company-owned stores in the third quarter at Moshi (Pimpri-Chinchwad), Patna (Bihar), and Viman Nagar under the LiteStyle format, taking the total retail footprint to 66 stores as of December 2025.

Dr Saurabh Gadgil, the company's Chairman and Managing Director, said, "The quarter witnessed strong momentum, supported by healthy Festive and wedding-led demand. Revenue from operations increased 35.6% YoY to ₹33,026 Mn in Q3 FY26, despite gold price volatility. Demand remained broad-based across core markets, led by gold jewellery, new designs and an increasing preference for lightweight and studded jewellery, supported by strong brand recall and customer trust."

"Profitability improved significantly during the quarter, with PAT rising 98.6% YoY to ₹1,709 Mn, supported by a favourable product mix, higher contribution from Studded jewellery, along with disciplined cost management, resulted in meaningful margin expansion. Retail continued to be the primary growth driver, complemented by strong growth in e-commerce and steady performance in the franchise segment," he added.