P N Gadgil Jewellers Limited announced robust financial results for the second quarter of FY27, ending September 30, 2026. Consolidated revenue from operations grew 22% year-on-year to INR2,660 crores. EBITDA saw a substantial increase of 57% year-on-year, reaching INR224.6 crores, with margins expanding by 186 bps to 8.4%. Profit after tax grew by 53% year-on-year to INR121 crores.
P N Gadgil Jewellers Announces Strong Q2 FY27 Performance
P N Gadgil Jewellers Limited has reported a significant uplift in its financial performance for the second quarter and the first half of the Financial Year 2027. The company’s consolidated revenue from operations for the second quarter ended September 30, 2026, stood at INR2,660 crores, marking a 22% increase compared to the same period last year. This growth was driven by strong retail performance, with retail revenue increasing by 31% year-on-year to INR2,061 crores, supported by healthy same-store sales growth (SSSG) of 25.5%.
EBITDA and Profitability Surge
The company’s operational profitability also showed remarkable improvement. EBITDA for the quarter grew by an impressive 57% year-on-year to INR224.6 crores, with the EBITDA margin expanding by 186 basis points to 8.4%. Excluding an unhedged inventory gain, adjusted EBITDA grew 60% to INR209.6 crores, with an adjusted EBITDA margin improving to 8.2% from 6.3% a year ago. Profit after tax (PAT) increased by 53% year-on-year to INR121.1 crores, resulting in a PAT margin of 4.5%. Adjusted PAT increased 57% to INR117.4 crores, with the adjusted PAT margin improving to 4.4% from 3.3%.
First Half Performance and Brand Strategy
For the first half of FY27, revenue grew by 31% to INR5,079 crores, and PAT grew by 52% to INR226.5 crores. The quarter also marked a significant step in brand evolution with the rebranding of ‘LiteStyle’ to ‘YOOU by PNG’, a lightweight diamond jewellery brand. The company also completed the 100% acquisition of Silvostyle, a fast-growing silver fashion jewellery brand, enhancing its multi-brand strategy.
Expansion Plans and Financial Strength
P N Gadgil Jewellers ended the quarter with 80 stores, including 79 in India and 1 in the U.S. The company remains on track to open 23 new stores in FY27, aiming for a total store count of approximately 103 by the year-end. A QIP of INR700 crores was raised to further strengthen the financial position and support growth initiatives. The company’s focus remains on franchisee-led expansion and strategic capital allocation to drive long-term value.
Source: BSE
