P N Gadgil Jewellers Limited reported a robust performance for the second quarter of FY27, with revenue from operations reaching ₹26,663.8 million, marking a 22.4% year-on-year increase. EBITDA saw a substantial growth of 57.1%, and Profit After Tax rose by 52.7%, demonstrating strong operational efficiency and growth across its business segments.
P N Gadgil Jewellers Reports Strong Q2 FY27 Financials
P N Gadgil Jewellers Limited announced its unaudited financial results for the quarter and half-year ended September 30, 2026. The company posted a significant year-on-year increase in revenue from operations, which grew by 22.4% to ₹26,663.8 million in Q2 FY27. This growth was accompanied by a substantial 57.1% rise in EBITDA, reaching ₹2,246.1 million, and a 52.7% surge in Profit After Tax (PAT), which stood at ₹1,211.1 million.
Key Financial Highlights for Q2 FY27
The financial snapshot reveals impressive year-on-year growth across key metrics. Revenue from operations increased from ₹21,776.2 million in Q2 FY26 to ₹26,663.8 million in Q2 FY27. EBITDA grew from ₹1,429.4 million to ₹2,246.1 million, with EBITDA margins improving to 8.4% from 6.6% in the prior year quarter. PAT saw a significant jump from ₹793.1 million to ₹1,211.1 million, while PAT margins also expanded to 4.5% from 3.6%.
Segmental Performance
In terms of segmental performance for Q2 FY27, the Retail segment continued to strengthen, contributing 31.1% to the total revenue, with revenue standing at ₹20,610.6 million compared to ₹15,719.7 million in Q2 FY26. Franchise revenue also saw an increase to ₹4,592.0 million from ₹3,408.9 million. Non-Retail segments, including E-commerce and Others, showed varied performance.
Operational Achievements and Strategic Initiatives
The company highlighted several key operational achievements. Retail sales continued to grow, with the retail share of total revenue increasing to 77% in Q2 FY27 from 72% in Q2 FY26. Same-store sales growth was robust at 25.5% YoY. Strategic initiatives include the rebranding of LiteStyle to YOOU, aimed at a more distinctive, lifestyle-led brand appeal, and the acquisition of Silvostyle, a sterling silver fashion jewellery brand, effective October 1, 2026. The company also reported a reaffirmed CRISIL ‘A+/Stable’ credit rating.
Expansion and Future Outlook
P N Gadgil Jewellers operated 80 stores as of September 30, 2026, with 79 in India and 1 in the U.S.A. The company remains focused on disciplined expansion, particularly in Northern and Central India, with most planned store additions scheduled for the second half of FY27. The Chairman & Managing Director expressed confidence in the company’s growth strategy and commitment to sustainable, profitable growth and long-term stakeholder value creation.
Source: BSE
