P N Gadgil Jewellers Ltd Share Price – NSE /  BSE

Diamond, Gems and Jewellery, Small Cap

During the quarter under review, revenue excluding the refinery segment delivered a YoY growth of 30.4%.

The company?s retail segment, which contributed 70.3% to the company?s total revenue, registered a 19.4% year-on-year growth in Q1 FY26. The performance reflects a steady operational environment at the store level amid cautious consumer sentiment.

The e-commerce segment reported a sharp 126% year-on-year growth in Q1 FY26, contributing 3.9% to total revenue. The performance underscores the success of the company?s digital expansion strategy and growing online customer engagement.

Franchisee operations posted a robust 109% year-on-year growth in Q1 FY26, accounting for 15.7% of total revenue. The strong performance was driven by solid franchisee execution and deeper market penetration.

The other segment, excluding refinery operations, contributed 10.1% to total revenue in Q1 FY26. This segment primarily comprises B2B and corporate sales. As previously disclosed, refinery operations which contributed Rs 353.50 crore in Q1 FY25 were discontinued effective 1 October 2024.

The company?s festive season sales continue to be a key growth driver for the company. On Akshaya Tritiya this year, the company recorded it?s highest-ever single-day festive sales at Rs 139.53 crore, marking a strong 35.1% year-on-year increase.

The share of studded jewellery in retail sales rose 41.6% year-on-year in Q1 FY26, taking the stud ratio to 10%. The rise reflects increasing consumer preference for stud-based designs.

Same-store sales growth (SSSG) for the quarter stood at 8%. The growth was partly impacted by the absence of the Gudi Padwa festival in Q1 FY26, which fell in Q4 FY25 this year. In the previous year, the festival occurred during Q1, affecting like-for-like comparability.

In Q1 FY26, the company expanded its footprint with the launch of Litestyle, a dedicated sub-brand designed to cater to the growing demand for stylish, lightweight jewellery.

Additionally, 2 new showrooms were opened during the quarter ? one COCO (company owned, company operated) and one FOCO (franchise owned, company operated) ? bringing the total store count to 55.

Looking ahead to FY26, the company is focused on accelerating its store rollout, with 7 to 9 new launches a combination of company-owned (COCO) and franchise outlets (FOCO) planned for Q2 FY26. This forms a key part of the broader goal of opening 20-25 new stores during the fiscal year.

The expansion strategy will center on key growth markets such as Maharashtra, where the company maintains a leadership position, as well as high-potential regions like Uttar Pradesh and Madhya Pradesh. These areas will remain pivotal to driving market penetration and increasing accessibility, supporting the company?s growth trajectory.

P N Gadgil is the second-largest jewellery player in Maharashtra in terms of the number of stores as of January 2024. A wide range of precious metal and jewelry products includes gold, silver, platinum, and diamond jewelry across various price ranges and designs. The products are primarily sold under the flagship brand, PNG, as well as various sub-brands, through multiple channels, including retail stores, various online marketplaces, and their own website.

The company?s consolidated net profit rose 12.9% to Rs 61.99 crore on 5% rise in revenue from operations to Rs 1,588.22 crore in Q4 FY25 over Q4 FY24.

Shares of P N Gadgil Jewellers shed 0.63% to Rs 605.90 on the BSE.

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P N Gadgil Jewellers announced that the 12th Annual General Meeting(AGM) of the company will be held on 18 August 2025.

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P N Gadgil Jewellers will hold a meeting of the Board of Directors of the Company on 3 July 2025.

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The stock has risen 9.24% in three consecutive sessions. Despite the recent momentum, it is still down a little over 18% in the past six months.

The jewellery retailer made its market debut on 17 September 2024, listing at Rs 834, a strong 73.75% premium over its issue price of Rs 480.

The company?s IPO drew robust investor interest, with a subscription of 59.41 times. The offer was open from 10 to 12 September 2024, with a price band set between Rs 456 and Rs 480 per share.

Incorporated in 1832, PNG Jewellers offers a wide range of gold, silver, platinum, and diamond jewellery collections. The company operates 53 retail stores, including 52 in Maharashtra and Goa, and one in the U.S., with a total retail area of 1,65,260 sq. ft. The stores include 41 company-owned and 12 franchisee-owned outlets under the FOCO (Franchise Owned, Company Operated) model.

On a consolidated basis, net profit of P N Gadgil Jewellers rose 12.85% to Rs 61.99 crore while net sales rose 5.04% to Rs 1588.22 crore in Q4 March 2025 over Q4 March 2024.

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