P N Gadgil Jewellers Share Price

PN Gadgil's gross margin in Q4FY26 slipped 231 basis points (bps) to 9.7 per cent from 12 per cent Y-o-Y

• Business Standard
• 2 weeks 2 days ago

Gems & Jewellery company P N Gadgil Jewellers announced Q4FY26 & FY26 results Consolidated Financial Highlights: Revenue from Operations: Q4FY26: Stood at Rs 35,443.06 million, reflecting a QoQ increase of 7.32% compared to Rs 33,026.07 million in Q3FY26, and a robust YoY growth of 123.16% against Rs 15,882.24 million in Q4FY25. FY26: Reported at Rs 1,07,390.97 million, registering a YoY growth of 39.59% from Rs 76,934.68 million in FY25. Total Income: Q4FY26: Reached Rs 35,754.48 million, marking a QoQ growth of 7.37% from Rs 33,300.21 million in Q3FY26, and a 123.03% YoY jump from Rs 16,031.49 million in Q4FY25. FY26: Stood at Rs 1,08,271.79 million, an increase of 40.20% YoY compared to Rs 77,226.19 million in FY25. Profit Before Tax: Q4FY26: Recorded at Rs 1,219.01 million, showing a QoQ decline of 46.55% from Rs 2,280.84 million in Q3FY26, but a YoY increase of 44.15% from Rs 845.62 million in Q4FY25. FY26: Reached Rs 5,518.63 million, marking a YoY growth of 88.28% from Rs 2,931.05 million in FY25. Net Profit for the Period/Year (PAT): Q4FY26: Stood at Rs 902.56 million, down 47.19% QoQ from Rs 1,709.11 million in Q3FY26, but up 45.60% YoY from Rs 619.91 million in Q4FY25. FY26: Surged to Rs 4,098.20 million, demonstrating a strong YoY growth of 87.76% compared to Rs 2,182.68 million in FY25. Standalone Financial Highlights: Revenue from Operations: Q4FY26: Stood at Rs 35,306.20 million, an increase of 8.52% QoQ from Rs 32,533.43 million in Q3FY26, and a YoY jump of 124.27% from Rs 15,742.46 million in Q4FY25. FY26: Reported at Rs 1,06,407.38 million, registering a YoY growth of 39.45% from Rs 76,305.49 million in FY25. Total Income: Q4FY26: Reached Rs 35,618.69 million, representing a QoQ growth of 8.57% from Rs 32,806.54 million in Q3FY26, and a 124.15% YoY increase from Rs 15,890.73 million in Q4FY25. FY26: Stood at Rs 1,07,287.10 million, an increase of 40.16% YoY compared to Rs 76,544.25 million in FY25. Profit Before Tax: Q4FY26: Recorded at Rs 1,185.85 million, demonstrating a QoQ decline of 46.85% from Rs 2,231.23 million in Q3FY26, but up 39.58% YoY from Rs 849.56 million in Q4FY25. FY26: Reached Rs 5,426.70 million, marking a YoY growth of 87.43% from Rs 2,895.25 million in FY25. Net Profit for the Period/Year (PAT): Q4FY26: Stood at Rs 869.45 million, down 47.71% QoQ from Rs 1,662.74 million in Q3FY26, but up 39.37% YoY from Rs 623.86 million in Q4FY25. FY26: Surged to Rs 4,010.37 million, recording an 86.63% YoY increase compared to Rs 2,148.78 million in FY25. Business & Operational Highlights: Segment-wise Performance: The Chief Operating Decision Maker (CODM) of the Company examines the performance from the perspective of the Company as a whole (viz. 'Jewellery business'). Hence, there are no separate reportable segments as per Ind AS 108. IPO & Fund Utilization: The Company completed its Initial Public Offer (IPO) during the year and listed its shares on September 17, 2024. The Company allotted 1,77,08,333 equity shares at Rs 480 per share, aggregating Rs 8,500.00 million. The entire amount of Rs 8,500.00 million has been fully utilized as follows: Rs 3,925.68 million for funding expenditure towards setting-up of 12 New Stores in Maharashtra. Rs 3,000.00 million for repayment or pre-payment of certain borrowings. Rs 1,108.62 million for General Corporate Purposes. Rs 465.70 million for issue-related expenses. Exceptional Items (Regulatory Impact): Consequent to the implementation of the New Labour Codes (effective November 21, 2025), the Company recorded an estimated one-time increase in its provision for employee benefits amounting to Rs 33.92 million. This has been recognized in the current reporting period and disclosed as an exceptional item. Key Appointments: The Board of Directors approved the appointment of Mrs. Riya Shah as the Internal Auditor of the Company for the FY27. Saurabh Gadgil, Chairman & Managing Director, P N Gadgil Jewellers, said: “FY26 was a defining year for P N Gadgil Jewellers as the Company crossed the Rs 100,000 million revenue milestone for the first time, delivering consolidated revenue of Rs 107,391 million, reflecting a strong growth of 39.6% YoY. The year witnessed healthy momentum across markets despite elevated gold prices, supported by strong wedding and festive demand, new collections, and increasing consumer preference for lightweight and studded jewellery. Profitability improved significantly during the year, with EBITDA rising 89.6% YoY to Rs 7,040 million and Profit After Tax increasing 87.8% YoY to Rs 4,098 million, driven by a favourable product mix, higher contribution from studded jewellery, operating leverage, and disciplined cost management. Retail continued to remain the primary growth driver, recording strong YoY growth of 50.5%, while the Franchise and E-commerce segments grew by 83.0% and 105.2% respectively, reflecting continued brand strength and strong omni-channel execution. The Company continued to execute its expansion strategy during the year, with one of the key operational highlights being its entry into Madhya Pradesh, Uttar Pradesh, and Bihar, along with continued expansion across Maharashtra, in line with its aspiration to emerge as a leading pan-India jewellery player. During FY26, the Company expanded its store footprint to 78 stores, further strengthening its presence across key highpotential markets.” Result PDF

• Trendlyne
• 2 weeks 6 days ago

The upward movement in the company's share price followed its business update for the fourth quarter of FY26 and the full financial year

• Business Standard
• 1 month 3 weeks ago