P N Gadgil Jewellers Q3 FY26 Revenue Surges 46% YoY to ₹3,302 Crore
P N Gadgil Jewellers reported Q3 FY26 consolidated revenue of ₹3,302 crore, up 46% YoY. Retail segment grew 46%, e-commerce surged 138%. Festive sales reached ₹606 crore for Diwali. Company opened 3 outlets, plans 12-14 more in Q4 FY26 to reach 78-80 stores.
The significant year-over-year revenue growth, strong festive sales performance, and aggressive expansion plans indicate a substantial positive impact on the company's performance and market position.
The company reported strong revenue growth across segments, particularly in retail and e-commerce, along with robust festive sales and a positive outlook for store expansion.
P N Gadgil Jewellers Limited announced a significant quarterly update for Q3 FY26, reporting a consolidated revenue of ₹3,302 crore, a 46% year-over-year increase from ₹2,435 crore in Q3 FY25.
The retail segment was the primary growth driver, achieving a 46% revenue increase and contributing 83.2% to the total revenue, fueled by strong festive and wedding season demand.
E-commerce showed exceptional growth with a 138% increase, accounting for 5.1% of total revenue. The franchisee operations segment grew by 12% YoY, contributing 7.7% to the total revenue. The 'other segment', mainly B2B bullion sales, accounted for 4% of total revenue.
Festive sales were particularly strong, with Dussehra sales reaching ₹190 crore (up 64% YoY) and Dhanteras sales recording ₹277 crore, leading to total Diwali sales of ₹606 crore (up 74% YoY). October 2025 marked the highest-ever monthly revenue at ₹1,807 crore, a 72% YoY increase.
The company also reported a 52% YoY increase in the contribution of studded jewelry to 8.4% for the first nine months of FY26 (9M FY26). Same-store sales growth (SSSG) for the quarter stood at a robust 32%.
Operationally, P N Gadgil Jewellers launched 3 new company-owned outlets during the quarter, expanding its total store count to 66 as of December 31, 2025. Looking ahead, the company plans to open 12-14 new outlets in Q4 FY26, aiming for a total of 78-80 stores by the end of the fiscal year.
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