P N Gadgil Jewellers Limited, one of the most reputed jewellers in the country, boasting around 193 years of excellence in craftsmanship and trusted service in the retail business of gold, silver, and diamond jewellery, announced its unaudited financial results for the quarter ended 30th September, 2025.
H1 FY26 Metrics
For H1 FY26, average revenue per store stands at around Rs. 617.81 million, while net profit per store reached Rs. 23.69 million, demonstrating strong efficiency and profitability at the store level.
Segmental Performance Highlights
During the period under review, total revenue excluding the refinery segment grew by 31.4% YoY
(Q2 FY26 vs. Q2 FY25) and by 30.9% YoY (H1 FY26 vs. H1 FY25). The following summary presents
the revenue breakdown:
- Retail segment is 72.2% of our total sales, continues to lead the way, achieving an impressive
Revenue growth of 28.9% an EBITDA margin of 9.1% and a PAT margin of 5.1%. - The company’s E‐commerce segment experienced exceptional growth, with revenue increasing to Rs. 1,435.1 million, a 113.2% rise.
- Franchise revenue also grew to Rs. 3,408.9 million, with an 104.7% increase for Q2 FY26.
- The Same-Store Sales Growth (SSSG) stood at 29% over the previous quarter.
Commenting on the performance
Dr. Saurabh Gadgil, Chairman & Managing Director, P N Gadgil Jewellers Limited, said, “Our revenue stood at 38,921.8 million, EBITDA at 2,659.8 (up 101.3% YoY), and PAT at ₹1,486.5 million (up 111.6% YoY) in H1 FY26, supported by healthy growth across all segments, led primarily by the Retail business. Our signature events, Mangalsutra Mahotsav and Paijan Mahotsav, received an exceptional customer response, while record-breaking Navratri sales of ₹4,281 million provided a strong close to the quarter’s performance. During the quarter, we also launched a flagship store in Dadar, Mumbai, further strengthening our presence in Maharashtra, and expanded beyond our home state, entering new markets in Uttar Pradesh and Madhya Pradesh. With Dussehra, Diwali, and the upcoming wedding season in the subsequent quarter, we remain optimistic about sustaining this growth momentum.”
About P N Gadgil Jewellers Limited
Established in 1832, P N Gadgil Jewellers Limited is a leading jewellery retailer in India with around 193 years of heritage. The company offers a wide range of gold, silver, diamond and platinum jewellery for weddings, festivals, and daily wear. As of September 30, 2025, the Company operates 63 retail stores – 62 in India and 1 in the U.S.A. The portfolio also includes a dedicated sub-brand, Litestyle by PNG, which caters to the growing demand for stylish and lightweight jewellery.
Under Chairman & Managing Director Dr. Saurabh Gadgil, a sixth-generation entrepreneur with 25+ years of experience, P N Gadgil Jewellers has evolved into a contemporary brand with strong customer trust and loyalty.
Safe Harbour Statement
Any forward-looking statements about expected future events, financial and operating results of the Company are based on certain assumptions, which the Company does not guarantee the fulfilment of. These statements are subject to risks and uncertainties. Actual results might differ substantially or materially from those expressed or implied. Important developments that could affect the Company’s operations include a downtrend in the industry, global or domestic or both, significant changes in the political and economic environment in India or key markets abroad, tax laws, litigation, labour relations, exchange rate fluctuations, technological changes, investment and business income, cash flow projections, interest, and other costs. The Company does not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date thereof.
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