StockWatch
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P N Gadgil Jewellers Ltd Q2 FY26 Results

PNGJLQ2 FY26 Results
Filing
MetricValue (₹ Cr)Q1 FY26Q2 FY25
Revenue2.2K27.0%8.8%
Total Income2.2K28.1%9.9%
Expenditure2.1K28.7%7.0%
PBT109.1517.7%138.2%
Net Profit79.3114.4%127.1%
OPM4.92%1.49pp4.22pp
NPM3.58%0.43pp1.85pp
EPS5.8414.3%127.2%
View full financials

P N Gadgil Jewellers Reports EBITDA of Rs. 1,429.4 Mn and PAT of Rs. 793.1 Mn, Registering a 117% and 127% Y-o-Y Growth Respectively

12 Nov 2025 · 12 Nov 2025, 03:42 pm

Summary

P N Gadgil Jewellers Limited, a reputed jeweller with 193 years of excellence in craftsmanship and trusted service in the retail business of gold, silver, and diamond jewellery, announced its unaudited financial results for the quarter ended 30th September,2025. The company reported a 117% Y-o-Y increase in EBITDA and a 127% Y-o-Y growth in PAT.

Key Highlights

  1. 1

    Revenue from Operations for Q2FY26 was Rs. 21,776.2 Mn

  2. 2

    EBITDA for Q2FY26 was Rs. 1,429.4 Mn, reflecting a 117% Y-o-Y increase

  3. 3

    PAT for Q2FY26 was Rs. 793.1 Mn, registering a 127% Y-o-Y growth

  4. 4

    Average revenue per store for H1 FY26 was around Rs. 617.81 million

  5. 5

    Net profit per store for H1 FY26 was Rs. 23.69 million

  6. 6

    Retail segment contributes 72.2% of total sales

  7. 7

    E-commerce segment revenue increased by 113.2%

  8. 8

    Franchise revenue grew by 104.7%

  9. 9

    Same-Store Sales Growth (SSSG) stood at 29% over the previous quarter

  10. 10

    Gold category registered a 24% increase in value and a 15% increase in volume

  11. 11

    Silver category delivered a strong performance with 92% growth in value and 59% growth in volume

  12. 12

    Diamond sales improved, recording a 31% rise in volume

  13. 13

    Transaction count grew by 18%

  14. 14

    Average Transaction Value (ATV) increased to Rs. 90k

  15. 15

    Customer footfall increased by 20%

  16. 16

    Conversion rate remained strong at 93%

  17. 17

    Festive sales surged by 66% during Navratri

  18. 18

    Company launched a flagship store in Dadar, Mumbai, and expanded to Uttar Pradesh and Madhya Pradesh

Management Comments

D

Dr. Saurabh Gadgil

Our revenue stood at 38,921.8 million, EBITDA at 2,659.8 (up | 101.3% YoY), and PAT at %1,486.5 million (up 111.6% YoY) in H1 FY26, supported by healthy growth | across all segments, led primarily by the Retail business. Our signature events, Mangalsutra | Mahotsav and Paijan Mahotsav, received an exceptional customer response, while record-breaking ! Navratri sales of 24,281 million provided a strong close to the quarter’s performance. During the ' quarter, we also launched a flagship store in Dadar, Mumbai, further strengthening our presence in | Maharashtra, and expanded beyond our home state, entering new markets in Uttar Pradesh and ; Madhya Pradesh. With Dussehra, Diwali, and the upcoming wedding season in the subsequent quarter, we remain optimistic about sustaining this growth momentum.

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