P N Gadgil Jewellers reports sales of ₹171 crore on Gudi Padwa, revenue up 124% YoY in Q4; check business updates

The stock was trading 2.81% higher at ₹615.95 per equity share as of 2:31 PM.

The scrip has gained 10% in the past week and 14% over the month. On a year-to-date basis, it has advanced 2%.

While the share hit a 52-week high of ₹701.40 on October 21, 2025, it touched a year’s low of ₹473.80 per unit on April 7, 2025.

Q4 business update

In a regulatory filing dated April 8, the company stated that its reporting revenue for FY26 surged 40% year-on-year (YoY) to ₹10,744 crore, driven in part by a total revenue growth of 124% YoY in Q4 FY26.

During the reporting quarter, the jeweller’s total revenue stood at ₹3,552 crore, compared to ₹1,587 crore in the March quarter of the 2024-25 fiscal year (Q4 FY25).

Segment-wise updates

Its revenue,excluding other segments, advanced 104% YoY to ₹3,196 crore for the March quarter of FY26, as against ₹1,569 crore in the year-ago period.

Key highlights

• Its “foundation day” sales in Q4 stood at ₹365 crore, with healthy contribution across all its categories.
• The firm saw robust festive performance during Gudi Padwa, as sales reached ₹171 crore, marking a 38% YoY increase.
• In addition, its “gratitude day” sales, to celebrate the milestone of reaching ₹10,000 crore, were recorded at ₹225 crore.
• Despite rising gold prices, its volumes saw positive traction, with the gold category increasing by 27% YoY.
• Its silver and diamond volumes rose 37% YoY and 125% YoY, respecƟvely, driving the studded jewellery mix and taking the stud ratio to 9%.
• Its same-store sales growth (SSSG) for the quarter stood at 86% YoY, highlighting strong customer traction across its existing locations.
• During the quarter under review, PNG Jewellers added eight company-owned, company-operated (COCO) stores (three Legacy and five LiteStyle) and four franchise-owned, company-operated( FOCO) (one Legacy and three LiteStyle).
• As of March 31, 2026, its total store count was 78, including 57 COCO stores (48 Legacy and nine LiteStyle) and 21 FOCO (17 Legacy and four LiteStyle).

FY27 outlook

“We continue to maintain ongoing expansion momentum, with plans to open 25 new stores, with a strong strategic focus on scaling franchise formats, alongside company-owned stores. This is expected to take our total store count to 103 by the end of the fiscal year,” PNG Jewellers stated.

It further added that they’re targeting revenue of ₹13,500 crore in FY27, implying a growth of 25% YoY and an EBITDA (earnings before interest, tax, depreciation and amortisation) margin of 7.5%.

Q3 earnings snapshot

It reported a 98.66% YoY jump in its consolidated profit after tax (PAT) to ₹170.91 crore in the December quarter of FY26, compared to a profit of ₹86.03 crore it logged in the corresponding period of the previous fiscal year.

The company’s consolidated revenue from operations advanced 35.58% YoY to ₹3,302.6 crore for the reporting quarter, from ₹2,435.75 crore in Q3 FY25.

Its EBITDA stood at ₹244 crore in Q3 of FY26, marking a 99.36% YoY increase from ₹123 crore in the year-ago period.

P N Gadgil Jewellers has a total market capitalisation of ₹8,362.35 crore, as of April 8, 2026, according to data on the NSE.