P N Gadgil Jewellers Ltd Reports 30.4% YoY Growth in Q1 FY26 Revenue Excluding Refinery

P N Gadgil Jewellers Ltd, the second largest organized jewellery player in Maharashtra, has reported a steady 19.4% growth in its retail segment in Q1 FY26. The non-retail segments, including e-commerce and franchisee operations, surged by 126% and 109% respectively. The company's revenue excluding the refinery segment delivered a YoY growth of 30.4%. Festive sales remained a key driver, with the highest ever single-day festive sales on Akshaya Tritiya. The share of studded jewellery increased by 41.6% YoY, taking the stud ratio to 10% of the retail sales. The Same Store Sales Growth stood at 8%. The company launched its dedicated sub-brand Litestyle and two new showrooms in Q1 FY26. It plans to open 7 to 9 new stores in Q2 FY26, focusing on key growth markets.