PN Gadgil Jewellers (PNGJL) is experiencing solid momentum as gold prices stabilize and the festive season strengthens demand. Despite a significant jump in gold prices (around 40% YoY), the company reported a 30% revenue increase in Q1FY26, excluding the benefit from Akshaya Tritiya (shifted to Q2FY25). The festive period drove higher consumer activity, making Q1 a strong quarter for PNGJL.
