P N Gadgil Jewellers Limited has reported a stellar performance for the quarter ended March 31, 2026. The company achieved a 124% year-on-year revenue increase in Q4, contributing to an impressive annual revenue of ₹10,744 crore, up 40% YoY. Strong demand across retail, franchise, and e-commerce segments, coupled with robust festive sales, underscored a successful fiscal year. The company successfully expanded its footprint to 78 stores across India and the U.S.A.
Quarterly Financial Highlights
For the quarter ending March 31, 2026, P N Gadgil Jewellers reported a total revenue of ₹3,552 crore, representing a substantial 124% year-on-year growth compared to the same period in the previous fiscal year. Revenue excluding the ‘others’ segment, which primarily covers B2B bullion sales, grew by 104% YoY to ₹3,196 crore.
Segment and Operational Performance
The retail segment emerged as a key growth engine, recording a 102% YoY increase, fueled by strong wedding and festive season demand. Franchise operations also saw a significant surge of 132% YoY, while the e-commerce vertical expanded by 67% YoY. Same-store sales growth (SSSG) remained robust at 86% YoY, indicating strong customer traction.
Operational expansion continued throughout the quarter, with the company adding 8 COCO and 4 FOCO stores. As of March 31, 2026, the company operates a total of 78 retail locations.
Strategic Milestones and Future Outlook
The company celebrated significant sales milestones, including ₹365 crore from Foundation Day, ₹171 crore during Gudi Padwa, and ₹225 crore in Gratitude Day sales. Looking ahead to FY27, the company targets ₹13,500 crore in revenue—a 25% YoY growth—and aims to expand its total store count to 103. Additionally, the company’s long-term credit rating has been upgraded to IND A+/Stable.
Source: BSE
