P N Gadgil Jewellers Limited has announced historic financial results for the fiscal year ended March 31, 2026. The company achieved a record annual revenue of ₹1,07,391 million, representing a 39.6% year-on-year growth. Profit after tax also saw a significant surge of 87.8%, reaching ₹4,098 million. This growth was driven by robust festive and wedding demand, expanded store operations, and a strong performance across retail, franchise, and e-commerce segments.
Annual Financial Highlights
During the fiscal year 2026, P N Gadgil Jewellers demonstrated exceptional financial strength, crossing the ₹1,00,000 million revenue milestone. Annual revenue reached ₹1,07,391 million, a 39.6% increase compared to the previous year. Profitability also improved notably, with EBITDA rising 89.6% to ₹7,040 million and Profit After Tax growing 87.8% to ₹4,098 million. This success is attributed to disciplined cost management, a favorable product mix, and higher contributions from studded jewellery.
Quarterly Performance and Store Growth
For the fourth quarter (January-March 2026), the company reported revenue of ₹35,443.1 million, a 123.2% year-on-year growth. Same-Store Sales Growth (SSSG) remained resilient at 86% for the quarter and 43% for the full year. Operational efficiency was further highlighted by an average revenue per store of approximately ₹1,376.8 million. By the end of FY26, the company expanded its footprint to 78 retail stores, marking its entry into new territories including Madhya Pradesh, Uttar Pradesh, and Bihar.
Strategic Drivers and Consumer Demand
Key growth drivers included a 10% increase in customer footfall and a strong 93% conversion rate. Festive and event-based sales played a critical role in the year’s success, with Foundation Day sales hitting ₹3,651.1 million and Gudi Padwa sales reaching ₹1,707.0 million. Additionally, the company saw high engagement with its Average Transaction Value (ATV) reaching ₹100.2k, reflecting robust demand across gold, silver, and diamond categories.
Source: BSE
