Business Update8 Jul 2026, 08:18 am
PNGS Reva Diamond Jewellery Q1FY27 Revenue Surges 119% YoY
AI Summary
PNGS Reva Diamond Jewellery Ltd reported a significant business update for Q1 FY27, showcasing robust growth. Revenue from operations surged by 119.49% year-on-year (YoY) to ₹1,179.73 million, including gold sales. Excluding gold sales, the growth was even stronger at 122.35% YoY. This marks the second consecutive quarter of over 100% YoY revenue growth. Festive sales during Akshaya Tritiya were exceptional, growing 268% YoY to ₹127.27 million. The company expanded its retail footprint to 37 stores, with plans to open approximately 15 new COCO stores in the next 24 months. The demand outlook remains positive, driven by gold price corrections and a shift towards branded jewellery.
Key Highlights
- Revenue from operations grew 119.49% YoY to ₹1,179.73 million in Q1 FY27.
- Akshaya Tritiya sales saw a remarkable 268% YoY increase.
- Total store count reached 37, with plans for 15 new COCO stores.
- Company anticipates positive demand driven by gold prices and branded jewellery trend.
Price Impact
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