| Revenue growth | Consolidated Q2 +22.4% YoY; H1 +30.5% |
|---|---|
| Margins | Q2 EBITDA margin 8.4%, +186bps YoY; GPM 12.7% |
| Demand visibility | SSSG 25.5% Q2; net profit per store ₹15.1Mn |
Growth
Q2 revenue +22.4% YoY: Retail +31.1%, Franchise +34.7%, e-commerce -83.6%. H1 revenue +30.5%, PAT +52.3%.
Outlook
No numeric guidance given. Silvostyle acquired 1 Oct 2026; ₹700Cr QIP completed; expansion into UP, MP, Bihar, Haryana via asset-light FOCO.
Risks
E-commerce revenue collapsed 83.6% in Q2. H1 operating cash flow -₹3,634Mn on inventory build; finance cost +111% in Q2.
Last quarter's promises, checked
Delivered
- FY EBITDA ~7% → Q2 8.4% (= BEAT, quarterly)
- Franchise pickup Q2/Q3 → rev +34.7% vs +8% Q1 (= BEAT)
- QIP 'at suitable time' → ₹700Cr completed (= BEAT)
Partly delivered
- ~25 stores FY27 → 80 total, 2 added Q2 (= PARTIAL, Q3–Q4 heavy)
- Retail GM 13–14% → consolidated GPM 12.7%, not like-for-like (= PARTIAL)
Missed
- E-com 'little decrease' → rev -83.6% (= MISS)
- Ex-GML debt 'no major movement' → borrowings ₹19,647Mn vs ₹15,796Mn Mar-26, +24% (= MISS)
Investor Presentation filed with NSE, NSE: PNGJL. Summary written with AI assistance from the document.
P N Gadgil Jewellers Ltd: key numbers
- Share price
- ₹583.70
- Market cap
- ₹8,592 Cr
- Revenue (annual)
- ₹10,739 Cr
- Net profit (annual)
- ₹409.8 Cr
- P/E (TTM)
- 19.3×Sector 49.0×
- Promoter holding
- 76.62%-6.49% QoQ
- FII holding
- 3.83%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from P N Gadgil Jewellers Ltd
All →P N Gadgil Jewellers Other Announcement
P N Gadgil Jewellers filed a Monitoring Agency Report on its QIP proceeds for the quarter ended 30 September 2026. The agency reports no deviation from the stated objects of the Rs 7,000 million issue.
P N Gadgil Jewellers Results Update
P N Gadgil Jewellers reported Q2 FY27 revenue of ₹2,666 Cr with 52.7% PAT growth. Same-store sales grew 25.5%; the company operates 80 stores.
P N Gadgil Jewellers Q2 FY27 Results: Net Profit ₹121.1 Cr, Up 52.7% YoY
P N Gadgil Jewellers Ltd reported revenue from operations of ₹2,666 Cr (+22.4% YoY) and net profit of ₹121.1 Cr (+52.7% YoY) for Q2 FY27.
- Key figure
- Net profit ₹121.1 Cr · +52.7% YoY
P N Gadgil Jewellers Board Meeting Date
P N Gadgil Jewellers has notified BSE and NSE of a board meeting on 29 October 2026 to consider unaudited standalone and consolidated results for the half year ended September 2026. The trading window stays closed until 31 October 2026.
P N Gadgil Jewellers Annual General Meeting
Postal ballot results for P N Gadgil Jewellers Ltd approve the ESOP 2026 plan and the re-appointment of Independent Director Dr. Vaijayanti Pandit.
P N Gadgil Jewellers Credit Rating
P N Gadgil Jewellers received a reaffirmed CRISIL A+/Stable rating for its ₹600 Crore bank loan facilities and ₹50 Crore fixed deposits.
- Value
- ₹650.0 Cr