P N Gadgil Jewellers Q1 FY27 Revenue Surges 41% to ₹24,130 Mn
P N Gadgil Jewellers reported record Q1 FY27 revenue of ₹24,130 million, a 41% YoY increase. EBITDA grew 57% and PAT by 52%. Retail sales formed 78% of revenue, with SSSG at 46.1%. Diamond and gold categories showed strong value growth. The company plans further expansion in North and Central India.
The announcement details record financial performance with substantial growth across key metrics, indicating a significant positive development for the company.
The company reported record revenue, significant year-on-year growth in revenue, EBITDA, and PAT, along with strong operational performance and positive future outlook.
P N Gadgil Jewellers Limited announced its unaudited financial results for the quarter ended June 30, 2026, reporting a record Q1 FY27 revenue of ₹24,130 million (24,130 Mn). This represents a significant 41% year-on-year revenue growth. The company also saw a 57% growth in EBITDA and a 52% growth in Profit After Tax (PAT) compared to the same period last year.
The company's consolidated financial performance highlights a strong increase in Revenue from Operations, which grew by 40.7% YoY to ₹24,129.8 million. EBITDA increased by 56.6% YoY to ₹1,924.1 million, with the EBITDA margin improving to 8.0% from 7.2% in Q1 FY26. Profit After Tax (PAT) grew by 51.9% YoY to ₹1,053.3 million, and PAT Margins improved to 4.4% from 4.0%.
Key operational highlights include a strengthening retail contribution, with retail sales accounting for 78% of total revenue in Q1 FY27, up from 70% in Q1 FY26. The company achieved a robust Same-Store Sales Growth (SSSG) of 46.1% YoY. The diamond category saw a 29% growth in value, while the gold category grew by 54% in value. The silver category registered a 131% growth in value. Akshay Tritiya sales increased by 80.3% YoY to ₹2,514.1 million.
Customer engagement remained high, with footfalls increasing 25.9% YoY to 214,587, and a conversion rate of 91.8%. Transaction volumes increased by 26.3% YoY. The company has also strengthened its hedging framework, increasing overall hedge coverage to approximately 70% and intending to reach 80%+ in the near term.
Dr. Saurabh Gadgil, Chairman & Managing Director, commented on the performance, stating, "We are delighted to commence FY27 on a strong note, delivering our highest-ever first quarter with revenue of ₹24,130 million, representing 41% year-on-year growth, while EBITDA increased by 57% & Profit After Tax increased by 52%." He further emphasized the brand's strength, consumer demand, and focus on disciplined execution and customer-centric innovation. The company plans further expansion, particularly in Northern and Central India, with store launches planned for Q2 FY27 and the majority of expansion scheduled for Q3 and Q4 FY27. As of June 30, 2026, the company operated 78 stores.
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