P N Gadgil Jewellers' September-quarter revenue rises 22.4%; retail up 31.1%

P N Gadgil Jewellers reported a 22.4% year-on-year rise in second-quarter revenue, with retail up 31.1% and franchise up 34.7%. It operates 80 stores.

Price, Thursday's close₹586.30▼ 1.80%

Last 5 days

52-week low ₹503.0052-week high ₹736.40

Sector: Jewellery retail

What happened

Total revenue grew 22.4% from a year earlier in the September quarter. The retail segment grew 31.1% and the franchise model 34.7%, according to Whalesbook.
The company operates 80 stores and plans 23 openings in FY27 to reach 103, including Ayodhya and Prayagraj, per Whalesbook.
Studded jewellery was 11.8% of retail sales, up from 9.0% a year earlier. Gold coins were 15.8% of retail sales, which the company has deliberately reduced.
ScanX reported that the acquisition of Silvostyle Jewellers was completed with effect from 1 October 2026.
The shares closed at ₹586.30 on Thursday, down 1.80%.

Why it matters

This is a business update on revenue and mix. Profit figures for the quarter are not part of it.

Good to know: Studded jewellery is set with diamonds or other stones. Companies often report its share of sales separately from plain gold items and coins.

Key facts

Revenue growth: 22.4% year on year
Retail segment: +31.1% year on year
Franchise: +34.7% year on year
Stores: 80 now; 103 planned by end of FY27

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This is a summary of public news about P N Gadgil Jewellers, for information only. It is not a recommendation to buy, sell or hold PNGJL.