P N Gadgil Jewellers Q1 FY27 Revenue Soars 41% to ₹2,413 Cr, PAT Up 52%
P N Gadgil Jewellers reported Q1 FY27 revenue of ₹2,413 crore, a 41% increase year-on-year. PAT grew 52% to ₹105.3 crore. The company plans to expand its store network to 103 by FY27. EBITDA margin improved to 8%.
Significant year-on-year growth in key financial metrics like revenue and profit, coupled with clear expansion plans and positive management commentary, will likely have a substantial positive impact on investor sentiment and the company's stock performance.
The company reported strong year-on-year growth in revenue, EBITDA, and profit after tax, exceeding expectations and demonstrating resilience in a challenging market. Expansion plans also indicate positive future outlook.
P N Gadgil Jewellers Limited reported a strong performance in Q1 FY27, with consolidated revenue from operations growing 41% year-on-year to ₹2,413 crore. This growth was driven by broad-based expansion across retail, franchise, and e-commerce channels, with retail sales increasing by 56% and same-store sales growth (SSSG) at 46%.
EBITDA for the quarter rose by 57% to ₹192.4 crore, with EBITDA margins expanding by 80 basis points to 8%. Profit after tax (PAT) saw a significant jump of 52% year-on-year, reaching ₹105.3 crore, resulting in a PAT margin of 4.4%. Basic Earnings Per Share (EPS) stood at ₹7.8, up from ₹5.1 in the prior year's quarter.
The company highlighted the resilience of the Indian jewellery industry amidst record gold prices, supported by wedding demand and a strong Akshaya Tritiya. Festive sales grew by 80.3% year-over-year. P N Gadgil Jewellers ended the quarter with 78 stores and plans to expand its network to approximately 103 stores by the end of FY2027, with a focus on franchise-led expansion across Maharashtra, Uttar Pradesh, Bihar, Central India, and the NCR region.
The management emphasized their confidence in sustainable growth throughout FY2027, supported by their 194-year legacy, disciplined execution, and the ongoing formalization of the jewellery industry. They also discussed strategies to improve gross margins, particularly through an increased studded jewellery ratio and efficient management of other expenses, aiming for an annualized EBITDA margin around 7%.
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