| Metric | Value (₹ Cr) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 3.3K | 51.7% | 35.6% |
| Total Income | 3.3K | 50.5% | 36.3% |
| Expenditure | 3.1K | 47.3% | 33.1% |
| PBT | 228.08 | 109.0% | 98.3% |
| Net Profit | 170.91 | 115.5% | 98.7% |
| OPM | 7.29% | 2.37pp | 3.46pp |
| NPM | 5.13% | 1.55pp | 1.61pp |
| EPS | 12.59 | 115.6% | 98.6% |
P N Gadgil Jewellers Delivers Robust 9M FY26 Performance with Revenue of INR 71,948 Mn, EBITDA Up 105.3%, and PAT Growth of 104.5% YoY
09 Feb 2026 · 9 Feb, 3:16 pm
Summary
P N Gadgil Jewellers, a reputed jeweller with around 193 years of excellence in craftsmanship and service, reported its unaudited financial results for the quarter and nine months ended 31st December 2025. The company saw a YoY revenue growth of 35.6% in Q3 FY26, 51.7% in Q2 FY26, and 17.8% in 9M FY26. EBITDA and PAT also showed significant growth.
Key Highlights
- 1
Revenue from Operations: INR 33,026.1 Mn in Q3 FY26, INR 24,357.5 Mn in Q3 FY25, INR 71,947.9 Mn in 9M FY26, and INR 61,052.4 Mn in 9M FY25
- 2
EBITDA: INR 2,717.1 Mn in Q3 FY26, INR 1,297.7 Mn in Q3 FY25, INR 5,376.9 Mn in 9M FY26, and INR 2,619.1 Mn in 9M FY25
- 3
Profit After Tax (PAT): INR 1,709.1 Mn in Q3 FY26, INR 860.4 Mn in Q3 FY25, INR 3,195.6 Mn in 9M FY26, and INR 1,562.8 Mn in 9M FY25
- 4
Same-Store Sales Growth (SSSG): 33.0% in Q3 FY26
- 5
Retail segment contributes 83.2% of total sales, with impressive revenue growth, EBITDA margin, and PAT margin
- 6
Average revenue per store: INR 1,090.1 million for 9M FY26
- 7
Net profit per store: INR 48.4 million for 9M FY26
- 8
Product-wise performance: Silver category with 96% growth in value and 56% growth in volume, Diamond sales with over 50% rise in volume Y-o-Y
- 9
Festive sales surge: Dussehra sales increased by 64% Y-o-Y, Diwali sales grew by 74% as compared to the previous year
- 10
Customer footfall and conversion rate: 33% increase in footfall, strong conversion rate of 94%
Management Comments
Dr. Saurabh Gadgil
The quarter witnessed strong momentum, supported by healthy Festive and wedding-led demand... Despite gold price volatility, demand remained broad-based across core markets, led by gold jewellery, new designs and an increasing preference for lightweight and studded jewellery... Profitability improved significantly during the quarter, with PAT rising 98.6% YoY... Retail continued to be the primary growth driver, complemented by strong growth in e-commerce and steady performance in the franchise segment... The Company continued to execute its expansion strategy with the addition of three new company-owned stores... Going ahead, management remains focused on driving same-store sales growth, maintaining healthy inventory turns, and sustaining profitable growth, supported by continued upcoming festive & wedding led demand.
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