P N Gadgil Jewellers Limited reported a strong Q2 FY26 performance, with retail segment surging 29% YoY to account for 72.2% of total revenue, bolstered by festive sales from Ganesh Utsav to Navratri and campaigns like Mangalsutra Mahotsav. Non-retail areas shone too, with e-commerce up 113.2% and franchise operations rising 105%, driving overall revenue growth of 31% excluding the discontinued refinery business. Gold, silver, and diamond categories delivered robust volume and value gains, while the company expanded to 63 stores, including new entries in Madhya Pradesh and Uttar Pradesh, eyeing 13-15 more openings in H2 FY26 to reach 76-78 outlets by year-end.
