P N Gadgil Jewellers Reports Strong Q4 Growth Amid Rising Gold Prices

Q: What are the company's expansion plans for FY27?

P N Gadgil plans to open **25 new stores** in FY27, aiming to increase its total store count to **103**.

Original: P N Gadgil Jewellers gains on solid Q4 business update

Business Standard•Apr 8, 20262 min

In a Nutshell

P N Gadgil Jewellers experienced a 124% revenue increase to ₹3,552 crore in Q4 FY26, driven by robust demand during the wedding and festive season. The company's net profit surged 98.64% to ₹170.91 crore. Looking ahead, P N Gadgil aims for a 25% revenue growth target in FY27.

Key Points

01Q4 FY26 revenue rose 124% to ₹3,552 crore compared to Q4 FY25.
02Same-store sales growth (SSSG) reached 86% YoY.
03Net profit increased 98.64% to ₹170.91 crore.
04The company plans to open 25 new stores in FY27.
05Revenue target for FY27 is set at ₹13,500 crore, implying 25% YoY growth.

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Full Summary

P N Gadgil Jewellers reported a remarkable 124% increase in revenue for Q4 FY26, reaching ₹3,552 crore, up from ₹1,587 crore in the same quarter last year. The retail segment saw significant growth of 102% YoY, largely due to strong demand during the wedding and festive seasons. Franchise operations grew by 132%, and E-commerce sales increased by 67%. Despite rising gold prices, the company reported a 27% increase in gold volumes, along with 37% growth in silver and 125% in diamond volumes, enhancing the studded jewellery mix. Same-store sales growth (SSSG) was impressive at 86% YoY, indicating strong customer engagement. During the quarter, notable sales events included ₹365 crore on Foundation Day and ₹171 crore on Gudi Padwa, reflecting a 38% YoY increase. The company added 8 COCO stores and 4 FOCO stores, bringing the total to 78. For FY27, P N Gadgil aims to open 25 new stores, targeting a revenue of ₹13,500 crore, which represents a 25% growth from the previous year.

Key Figures

₹3,552 crore

Total revenue in Q4 FY26

98.64%

Increase in net profit

25

Number of new stores planned for FY27

₹13,500 crore

Revenue target for FY27

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Why It Matters

The company's growth indicates a positive trend for the jewellery market in India, particularly benefiting homebuyers and consumers looking for jewellery during the wedding season.

Who is affected

Consumers looking for gold, silver, and diamond jewellery, as well as potential franchise partners.

What to know

Customers interested in purchasing jewellery should consider visiting new stores as they open.

FAQ

The revenue growth was driven by strong demand during the wedding and festive season, alongside significant increases in franchise and E-commerce operations.

P N Gadgil plans to open 25 new stores in FY27, aiming to increase its total store count to 103.

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