Jewellery Stock in Focus After Achieving ₹10,000 Cr Revenue Milestone

Synopsis: A leading jewellery retailer achieved Rs 10,000 crore revenue, driven by strong festive sales, broad-based segment growth, and robust operations, positioning it for continued expansion and 20–25 percent growth in FY27.

The share of this company, which provides diverse jewellery options for weddings, engagements, festivals, and daily wear, featuring gold, diamond, and platinum products, came into focus after it achieved a milestone.

With a market capitalization of  Rs 7,724 crore, P N Gadgil Jewellers Ltd’s shares closed at Rs 569.20 per share, up by 0.81 percent from its previous day’s close price. The share of this company has given a negative return of percent of 22 since its listing in September 2024.

What happened

P N Gadgil Jewellers Crosses Rs10,000 Crore Revenue: P N Gadgil Jewellers Limited achieved a significant milestone, surpassing Rs10,000 crore in revenue for FY25-26. This reflects strong business momentum and consistent growth across its operations, underpinned by increasing customer demand and a robust festive season performance.

Gudi Padwa Sales Drive Segment Growth: During Gudi Padwa, the company recorded festive sales of Rs 170.7 crore, up 38 percent YoY. Gold remained the key contributor with 35 percent growth, while Diamond and Silver segments saw impressive increases of 61 percent and 118 percent, respectively, highlighting broad-based category performance.

Dr. Saurabh Gadgil, Chairman and MD, stated that surpassing Rs 10,000 crore revenue reflects customer trust and employee dedication. Strong Gudi Padwa sales and ongoing market expansion position the company to sustain growth and finish the year strongly.

Future Outlook: P N Gadgil Jewellers is aiming for a revenue target of Rs 12,000 crore in FY27, seeking 20 to 25 percent year-on-year growth. This outlook is supported by ongoing market expansion, strong festive sales momentum, and enhanced product offerings and brand initiatives to drive sustained business performance.

Established in 1832, P. N. G Jewellers Ltd is in the retail business of gold, silver, and diamond jewellery. They operate numerous showrooms, with a strong presence in Maharashtra and expansion in other states. It is a part of the PNG group, which is an established player in the gold, silver and diamond jewellery business, with a significant presence in Pune, Mumbai and other parts of Maharashtra. 

Financial Highlight: The revenue from operations grew by 36 percent to Rs 3,303 crore in Q3 FY26 from Rs 2,436 crore in Q3 FY25, and EBIDT grew by 99 percent to Rs 244 crore in Q3 FY26 from Rs 123 crore in Q3 FY25. Accompanied by a net profit growth of 102 percent to Rs 171 crore in Q3 FY26 from Rs 86.0 crore in Q3 FY25, resulting in an EPS growth of 99 percent to Rs 12.59 per share in Q3 FY26.

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