Latest news with #PNGadgilJewellers
Business Standard
08-07-2025
- Business
- Business Standard
P N Gadgil reports 3% YoY revenue growth to Rs 1,713 cr in Q1 FY26
P N Gadgil Jewellers reported a 2.77% year-on-year (YoY) increase in total revenue to Rs 1,713.7 crore for the first quarter of FY26, up from Rs 1,667.5 crore in the same period last year. During the quarter under review, revenue excluding the refinery segment delivered a YoY growth of 30.4%. The companys retail segment, which contributed 70.3% to the companys total revenue, registered a 19.4% year-on-year growth in Q1 FY26. The performance reflects a steady operational environment at the store level amid cautious consumer sentiment. The e-commerce segment reported a sharp 126% year-on-year growth in Q1 FY26, contributing 3.9% to total revenue. The performance underscores the success of the companys digital expansion strategy and growing online customer engagement. Franchisee operations posted a robust 109% year-on-year growth in Q1 FY26, accounting for 15.7% of total revenue. The strong performance was driven by solid franchisee execution and deeper market penetration. The other segment, excluding refinery operations, contributed 10.1% to total revenue in Q1 FY26. This segment primarily comprises B2B and corporate sales. As previously disclosed, refinery operations which contributed Rs 353.50 crore in Q1 FY25 were discontinued effective 1 October 2024. The companys festive season sales continue to be a key growth driver for the company. On Akshaya Tritiya this year, the company recorded its highest-ever single-day festive sales at Rs 139.53 crore, marking a strong 35.1% year-on-year increase. The share of studded jewellery in retail sales rose 41.6% year-on-year in Q1 FY26, taking the stud ratio to 10%. The rise reflects increasing consumer preference for stud-based designs. Same-store sales growth (SSSG) for the quarter stood at 8%. The growth was partly impacted by the absence of the Gudi Padwa festival in Q1 FY26, which fell in Q4 FY25 this year. In the previous year, the festival occurred during Q1, affecting like-for-like comparability. In Q1 FY26, the company expanded its footprint with the launch of Litestyle, a dedicated sub-brand designed to cater to the growing demand for stylish, lightweight jewellery. Additionally, 2 new showrooms were opened during the quarter one COCO (company owned, company operated) and one FOCO (franchise owned, company operated) bringing the total store count to 55. Looking ahead to FY26, the company is focused on accelerating its store rollout, with 7 to 9 new launches a combination of company-owned (COCO) and franchise outlets (FOCO) planned for Q2 FY26. This forms a key part of the broader goal of opening 20-25 new stores during the fiscal year. The expansion strategy will center on key growth markets such as Maharashtra, where the company maintains a leadership position, as well as high-potential regions like Uttar Pradesh and Madhya Pradesh. These areas will remain pivotal to driving market penetration and increasing accessibility, supporting the companys growth trajectory. P N Gadgil is the second-largest jewellery player in Maharashtra in terms of the number of stores as of January 2024. A wide range of precious metal and jewelry products includes gold, silver, platinum, and diamond jewelry across various price ranges and designs. The products are primarily sold under the flagship brand, PNG, as well as various sub-brands, through multiple channels, including retail stores, various online marketplaces, and their own website. The companys consolidated net profit rose 12.9% to Rs 61.99 crore on 5% rise in revenue from operations to Rs 1,588.22 crore in Q4 FY25 over Q4 FY24. Shares of P N Gadgil Jewellers shed 0.63% to Rs 605.90 on the BSE.
Economic Times
08-07-2025
- Business
- Economic Times
P N Gadgil Jewellers shares in focus after Q1 revenue rises 2.8% YoY; retail segment up 19.4%
P N Gadgil Jewellers shares: The company reported a 2.8% YoY rise in total revenue for the first quarter of FY26. P N Gadgil Jewellers shares: The retail segment, accounting for more than 70% of the company's total revenue, grew by 19.4% year-on-year. Additionally, the company achieved its highest-ever single-day festive sales on Akshaya Tritiya, generating ₹139.53 crore—a 35.1% increase compared to the same occasion last year. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads P N Gadgil share price target Shares of P N Gadgil Jewellers will be in focus on Tuesday after the company reported a 2.8% year-on-year (YoY) increase in total revenue to Rs 1,714 crore for the first quarter of FY26, up from Rs 1,668 crore in the same period last year, according to its exchange the discontinued refinery segment, revenue grew 30.4% retail segment, which contributes over 70% of total revenue, grew 19.4% YoY. The company also recorded its highest-ever single-day festive sales on Akshaya Tritiya, generating Rs 139.53 crore, a 35.1% jump compared to the previous operations surged 109% YoY, contributing 15.7% to revenue, while e-commerce sales more than doubled, growing 126% YoY. The share of studded jewellery also rose sharply by 41.6%, lifting the stud ratio to 10% of retail company launched a new sub-brand 'Litestyle', targeting the lightweight jewellery segment, and added two new stores during the quarter, taking the total store count to ahead, P N Gadgil plans to open 7–9 new stores in Q2FY26 and aims to launch 20–25 outlets in FY26 across key markets such as Maharashtra, Uttar Pradesh, and Madhya to Trendlyne, the average target price for P N Gadgil is Rs 825, implying a potential upside of nearly 35% from current levels. The sole analyst covering the stock maintains a 'Strong Buy' stock has gained 20% in the past three months, though it is down 9% year-to-date. The company's market capitalisation stands at Rs 8,274 crore.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
08-07-2025
- Business
- Time of India
P N Gadgil Jewellers shares in focus after Q1 revenue rises 2.8% YoY; retail segment up 19.4%
P N Gadgil Jewellers shares: The company reported a 2.8% YoY rise in total revenue for the first quarter of FY26. P N Gadgil Jewellers shares: The retail segment, accounting for more than 70% of the company's total revenue, grew by 19.4% year-on-year. Additionally, the company achieved its highest-ever single-day festive sales on Akshaya Tritiya, generating ₹139.53 crore—a 35.1% increase compared to the same occasion last year. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads P N Gadgil share price target Shares of P N Gadgil Jewellers will be in focus on Tuesday after the company reported a 2.8% year-on-year (YoY) increase in total revenue to Rs 1,714 crore for the first quarter of FY26, up from Rs 1,668 crore in the same period last year, according to its exchange the discontinued refinery segment, revenue grew 30.4% retail segment, which contributes over 70% of total revenue, grew 19.4% YoY. The company also recorded its highest-ever single-day festive sales on Akshaya Tritiya, generating Rs 139.53 crore, a 35.1% jump compared to the previous operations surged 109% YoY, contributing 15.7% to revenue, while e-commerce sales more than doubled, growing 126% YoY. The share of studded jewellery also rose sharply by 41.6%, lifting the stud ratio to 10% of retail company launched a new sub-brand 'Litestyle', targeting the lightweight jewellery segment, and added two new stores during the quarter, taking the total store count to ahead, P N Gadgil plans to open 7–9 new stores in Q2FY26 and aims to launch 20–25 outlets in FY26 across key markets such as Maharashtra, Uttar Pradesh, and Madhya to Trendlyne, the average target price for P N Gadgil is Rs 825, implying a potential upside of nearly 35% from current levels. The sole analyst covering the stock maintains a 'Strong Buy' stock has gained 20% in the past three months, though it is down 9% year-to-date. The company's market capitalisation stands at Rs 8,274 crore.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Business Upturn
07-07-2025
- Business
- Business Upturn
P N Gadgil Jewellers Q1 FY26 Update: Retail segment grows 19.4% YoY, festive sales set new record
P N Gadgil Jewellers saw a stable start to the financial year, with their Q1 FY26 numbers showing measured growth despite a somewhat cautious consumer environment. Retail continued to be the backbone of the business, contributing over 70% of the total revenue and growing by nearly 20% compared to the same quarter last year. Among the non-retail segments, e-commerce stood out with a strong jump of 126% year-on-year. Though it still accounts for a modest 3.9% of overall revenue, the increase highlights the company's growing digital presence. Franchise operations also performed well, rising 109% from the year-ago period and contributing just under 16% to total revenue. Other segments, which include B2B and corporate sales, made up a little over 10% of the revenue this quarter. It's worth noting that the refinery segment, which had generated ₹3,535 million in Q1 FY25, has been discontinued since October 2024, impacting the year-on-year comparison of total revenue. When excluding refinery figures, the company's revenue grew by 30.4% year-on-year, climbing from ₹13,140 million in Q1 FY25 to ₹17,137 million in Q1 FY26. This gives a more accurate picture of ongoing business performance. The Akshaya Tritiya festival proved to be a significant driver during the quarter, bringing in the company's highest-ever single-day festive sales of ₹1,395.3 million—up more than 35% from the previous year. In terms of product trends, studded jewellery has been gaining ground. Its share within retail sales increased to 10%, with a notable 41.6% year-on-year rise. However, overall same-store sales growth was a bit muted at 8%. This was mainly due to a calendar shift—Gudi Padwa, a festival that had supported Q1 sales in the previous year, fell in the previous quarter this year, affecting comparability. The company also continued to expand its retail footprint. It launched a new sub-brand, Litestyle, aimed at catering to the growing demand for lightweight, fashion-forward jewellery. Two new stores were added during the quarter—one company-owned and one franchise-operated—bringing the total count to 55. Looking ahead, P N Gadgil Jewellers plans to push forward with its store expansion, targeting 7 to 9 new store openings in the next quarter. The broader aim for the year is to add between 20 and 25 new outlets, focusing particularly on Maharashtra, Uttar Pradesh, and Madhya Pradesh—regions seen as key to future growth. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Fashion Network
17-06-2025
- Business
- Fashion Network
India's PNG Jewellers launches lightweight jewellery brand as gold prices surge
India's P N Gadgil Jewellers on Tuesday launched Litestyle, a new sub-brand for lightweight and lower-carat jewellery, as record gold prices push consumers towards more budget-friendly options. Gold prices have jumped sharply in the past few months, but consumers' budgets haven't risen in the same proportion, leading them to look for budget-friendly options, Saurabh Gadgil, chairman of the Pune-based company, told Reuters. The lightweight jewellery segment is growing rapidly at around 30% per annum, and the company will launch 12 Litestyle stores this year to tap into this segment, Gadgil said. Local gold prices, which hit a record high of 101,078 rupees per 10 grams on Monday, have risen 29% so far in 2025, after rising 21% in 2024. Consumers are slowly adjusting to higher prices, Gadgil said, forecasting a 30% to 35% year-on-year jump in revenue in the fiscal year ending March 2026. Investment demand for gold and silver has been rising as both metals are yielding better returns than other asset classes, he added.
