P N Gadgil Jewellers Reports Strong Q4 Growth Despite Margin Contraction
P N Gadgil Jewellers Q4 Results: Net profit jumps 45% to ₹90 crore, revenue rises 123%; margins contract sharply
Mint
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P N Gadgil Jewellers experienced a 45.6% increase in net profit to ₹90.3 crore and a 123.2% rise in revenue to ₹3,544.3 crore in Q4. However, EBITDA margins contracted significantly, highlighting challenges despite strong sales growth across gold, silver, and diamond categories.
- 01Net profit surged 45.6% YoY to ₹90.3 crore.
- 02Revenue increased by 123.2% YoY to ₹3,544.3 crore.
- 03EBITDA margins contracted by 217 basis points to 4.7%.
- 04Strong growth in gold (120%), silver (246%), and diamond (84%) categories.
- 05Retail segment contributed 77% of total sales with 101.5% revenue growth.
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P N Gadgil Jewellers reported a robust performance for the March quarter, with consolidated revenue soaring 123.2% year-on-year (YoY) to ₹3,544.3 crore and net profit rising 45.6% to ₹90.3 crore. Despite this strong growth, the company faced a significant contraction in EBITDA margins, which fell 217 basis points to 4.7%. The gold category saw a 120% increase in value, while silver and diamond categories reported 246% and 84% growth in value, respectively. The retail segment, which makes up 77% of total sales, achieved a remarkable 101.5% revenue growth. The e-commerce segment also performed well, with revenue increasing 67.3% YoY to ₹151 crore. The company expanded its retail presence to 78 stores during FY26, aiming to strengthen its footprint in key markets across India. However, shares of the company experienced volatility due to a recent increase in customs duty on precious metals, causing an 8% decline from its monthly high.
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The strong revenue growth indicates robust consumer demand, which could lead to increased employment opportunities in the retail sector as the company expands its footprint.
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