P N Gadgil Jewellers Reports 41% YoY Revenue Growth in Q1 FY27

P N Gadgil Jewellers Ltd announced a robust performance for Q1 FY27, with a 41% year-on-year (YoY) revenue growth. The Retail segment was the primary driver, surging 56% YoY, fueled by a 46% same-store sales growth (SSSG), indicating strong organic expansion. The Retail segment now contributes approximately 78% of total revenue. Franchise and E-commerce businesses saw 8% and 20% YoY growth, respectively. The company is strategically reducing its lower-margin gold bullion sales, with its share normalizing to ~22% of Retail revenue. Diamond jewellery sales are increasing, with a higher studded jewellery mix (10.9% retail stud ratio), particularly in newly opened stores in Northern and Central India. The company maintained its Gross and EBITDA margin guidance for FY27 and plans to open approximately 25 new stores by the end of FY27, expanding its network to around 103 stores.