P N Gadgil Jewellers Ltd Reports 31% YoY Growth in Q2 FY26, Driven by Robust Retail Performance and Successful Digital Expansion

P N Gadgil Jewellers Ltd, a leading jewellery retailer in India, reported a 31% YoY growth in total revenue excluding the refinery segment for Q2 FY26. The retail segment recorded a 29% growth, accounting for 72.2% of total revenue. The e-commerce segment surged by 113.2%, contributing 6.6% to total revenue, reflecting the company's successful digital expansion. The franchisee operations segment also saw a significant increase of 105%. The company's gold, silver, and diamond sales improved, and the Same Store Sales Growth stood at 29%. During the quarter, the company launched 8 new showrooms, marking its entry into Indore, Kanpur, Lucknow, and with a flagship store in Dadar, Mumbai. The company plans to open 13-15 new outlets in H2 FY26, aiming to achieve a 76-78 store network by fiscal year-end.