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.