P N Gadgil Jewellers Q2 FY27: Revenue up 22% to ₹2,666 Cr, PAT up 53% to ₹121 Cr
P N Gadgil Jewellers reported Q2 FY27 revenue of ₹2,666 crore, up 22% YoY. PAT grew 53% to ₹121 crore. The company acquired Silvostyle and rebranded LiteStyle to YOOU. PNGJL raised ₹700 crore via QIP and plans to open 23 new stores in FY27, reaching 103 stores.
Significant revenue and profit growth, strategic acquisitions, and capital infusion are key drivers that will likely have a substantial positive impact on the company's financial performance and market position.
The company reported strong year-on-year growth in revenue, EBITDA, and PAT, along with successful brand initiatives and capital raising, indicating a positive financial and strategic outlook.
P N Gadgil Jewellers Limited (PNGJL) announced its financial results for the second quarter and first half of FY27. For Q2 FY27, the company reported a revenue of ₹2,666 crore, marking a 22% year-on-year increase. EBITDA grew by 57% year-on-year to ₹224.6 crore, with EBITDA margins expanding by 186 basis points to 8.4%. Profit after tax (PAT) saw a significant rise of 53% year-on-year, reaching ₹121 crore, with a PAT margin of 4.5%.
For the first half of FY27, PNGJL's revenue grew by 31% to ₹5,079 crore, and PAT increased by 52% to ₹226.5 crore. The company also highlighted strategic brand developments, including the rebranding of LiteStyle to YOOU by PNG, a lightweight diamond jewellery brand, which saw its stud ratio increase to 53.1%. Furthermore, PNGJL completed the 100% acquisition of Silvostyle, a silver fashion jewellery brand, on October 1, 2026. With PNG legacy, YOOU, and Silvostyle, the company now operates with three distinct brands.
In terms of financial strengthening, PNGJL raised ₹700 crore through a Qualified Institutional Placement (QIP), which was oversubscribed 1.5 times. CRISIL reaffirmed the company's credit rating at A+ with a stable outlook. The company plans to expand its store network, aiming to open approximately 23 new stores in FY27, bringing the total store count to around 103 by year-end. Expansion is expected to accelerate in the next two quarters, primarily through the franchisee-led model.
The company also reported that its Ayodhya store is operational, and the Prayagraj store is scheduled to open on November 4, 2026. To manage price volatility, PNGJL has strengthened its risk management framework by increasing hedge coverage to approximately 80%. The company is confident in delivering sustainable and profitable growth throughout FY27.
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