P N Gadgil Jewellers Q2 FY27 Revenue Up 22.4% to ₹26,663.8 Mn; PAT Grows 52.7%
P N Gadgil Jewellers reported Q2 FY27 revenue of ₹26,663.8 million, a 22.4% YoY increase. EBITDA grew 57.1% to ₹2,246.1 million, and PAT increased 52.7% to ₹1,211.1 million. Same-Store Sales Growth was 25.5%. The company acquired Silvostyle and rebranded LiteStyle to YOOU. Expansion is planned for H2 FY27.
Significant growth in key financial metrics (revenue, EBITDA, PAT), strategic acquisitions and rebranding, and positive future outlook indicate a substantial impact on the company's performance and market position.
The company reported strong year-on-year growth in revenue, EBITDA, and PAT, along with positive commentary from the management and a reaffirmed credit rating.
P N Gadgil Jewellers Limited announced its unaudited financial results for the quarter and half-year ended September 30, 2026. The company reported a revenue from operations of ₹26,663.8 million for Q2 FY27, marking a 22.4% year-on-year growth. EBITDA saw a significant increase of 57.1% to ₹2,246.1 million, with EBITDA margins improving to 8.4% from 6.6% in the previous year. Profit After Tax (PAT) grew by 52.7% to ₹1,211.1 million, and PAT margins improved to 4.5% from 3.6%. Basic EPS stood at ₹8.69.
For the half-year ended September 30, 2026, revenue from operations increased by 30.5% to ₹50,793.6 million. EBITDA grew by 56.8% to ₹4,170.2 million, and PAT rose by 52.3% to ₹2,264.5 million.
The company highlighted strong retail performance, with retail contributing 77% of total revenue in Q2 FY27, up from 72% in Q2 FY26. Same-Store Sales Growth (SSSG) was robust at 25.5% year-on-year. The retail stud ratio improved to 11.8% from 9.0% in the same quarter last year. The diamond category showed strong momentum with 21% value growth and 11% volume growth.
Key strategic initiatives include the rebranding of LiteStyle to YOOU by PNG, aimed at a more distinctive, lifestyle-led brand targeting younger consumers. The company also completed the acquisition of Silvostyle, a sterling silver fashion jewellery brand, on October 1, 2026. CRISIL reaffirmed the company's ‘A+/Stable’ credit rating.
Dr. Saurabh Gadgil, Chairman & Managing Director, commented on the performance, emphasizing the strengthening retail business and the evolving brand portfolio. He noted the focus on disciplined expansion, particularly in Northern and Central India, with most planned store additions scheduled for the second half of FY27. The company operates 80 retail stores as of September 30, 2026, with plans for further expansion.
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