| Management target | Revenue FY27 |
|---|
| Revenue growth | 22% YoY consolidated revenue growth to ₹2,666 Cr. |
|---|---|
| Margins | EBITDA margin expanded 186 bps YoY to 8.4%. |
| Demand visibility | Strong festive/wedding season outlook with high bookings reported. |
| Management confidence | Balanced and highly confident in non-Maharashtra market traction. |
Growth
Retail revenue grew 31% YoY with EBITDA margins expanding 186 bps to 8.4% through operating leverage and premiumization.
Outlook
Targets 103 stores by FY27-end and guides for ₹13,000+ Cr revenue for FY27.
Risks
Expansion into non-Maharashtra markets introduces execution risks; high reliance on festive seasonality (Navratri shift to Q3).
Last quarter's promises, checked
Delivered
- Hedge cover 80% by Q2/Q3 → 80% (= BEAT)
- Full-yr EBITDA margin ~7% → qtr 8.4% (= BEAT; qtr vs FY, not like-for-like)
Partly delivered
- 103 stores FY27-end → target kept, but 78 + 23 = 101 (= PARTIAL)
- Underlying PAT margin 4.1–4.25% → PAT ₹121.1 Cr +53%, margin not stated (= PARTIAL)
Missed
- 25 new stores FY27 → plan cut to 23 (= MISS)
Earnings Call Transcript filed with NSE, NSE: PNGJL. Summary written with AI assistance from the document.
P N Gadgil Jewellers Ltd: key numbers
- Share price
- ₹558.55
- Market cap
- ₹8,222 Cr
- Revenue (annual)
- ₹10,739 Cr
- Net profit (annual)
- ₹409.8 Cr
- P/E (TTM)
- 16.9×Sector 49.8×
- 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 Investor Presentation: Key Takeaways
Q2 FY27 consolidated revenue ₹26,664Mn (+22.4%), EBITDA ₹2,246Mn (+57.1%, 8.4% margin), PAT ₹1,211Mn (+52.7%). Pan-India retail expansion; Silvostyle acquired 1 Oct 2026.
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.