P N Gadgil Jewellers Limited has delivered a strong performance for FY26, with revenue from operations reaching ₹1,07,391.0 million, a 39.6% year-on-year increase. The company successfully executed its expansion strategy, adding 25 new stores during the fiscal year to reach a total of 78 stores. Profitability improved significantly, with PAT rising 87.8% to ₹4,098.2 million, supported by operational efficiencies and growth in e-commerce and retail segments.
Financial Performance Highlights
For the fiscal year 2026, P N Gadgil Jewellers reported robust financial growth. The company achieved a total income of ₹1,08,271.8 million. Operational efficiency was a key driver, as EBITDA climbed to ₹7,040.2 million, reflecting an 89.6% year-on-year growth. The company’s Profit After Tax (PAT) stood at ₹4,098.2 million for the full year, a significant jump from ₹2,182.7 million in FY25.
Strategic Network Expansion
The company aggressively expanded its physical footprint throughout FY26. As of March 31, 2026, the store count reached 78, comprising 57 COCO and 21 FOCO stores. This represents a substantial increase from the 53 stores at the end of FY25. The total retail area has expanded to 2,37,903 sq. ft., catering to diverse customer segments through its ‘Legacy’ and ‘LiteStyle’ store formats.
Digital Growth and Diversification
Digital transformation remains a cornerstone of the company’s growth strategy. E-commerce revenue grew by 105.2% year-on-year, reaching ₹5,290.7 million in FY26. By building a multi-channel presence and partnering with quick-commerce platforms, the company has successfully expanded its reach. Additionally, the launch of the ‘LiteStyle by PNG’ sub-brand has proven effective, capturing the youth and daily-wear market segment with modern, lightweight jewellery designs.
Operational Outlook
With a focus on capital-efficient expansion, the company continues to leverage its standardized processes, including centralized procurement and strict quality control, to scale operations rapidly. The management remains optimistic about sustaining this momentum, supported by strong brand recall and a commitment to customer-first initiatives like the Future Purchase Plan and various loyalty programs, ensuring a robust foundation for continued growth in the upcoming fiscal years.
Source: BSE
