PNGS Reva Diamond Jewellery Holds Earnings Call on March 13, 2026, Discusses Q3 & 9-Month FY25 Performance
PNGS Reva Diamond Jewellery Limited reported strong Q3 FY25 results with revenue at ₹144.18 Cr and PAT at ₹23.11 Cr. The company plans to open 15 new COCO stores in the next 24 months, funded by IPO proceeds. Expansion aims for faster growth with lower capex per store compared to the promoter's model. Breakeven is expected in 12-24 months.
The announcement details significant expansion plans and strong financial performance, which are key indicators for investors. However, the impact is medium as it focuses on an earnings call transcript and future plans rather than immediate, drastic financial changes.
The company reported strong quarter-on-quarter growth in revenue, EBITDA, and PAT. The expansion plans and clear strategy for growth also contribute to a positive sentiment.
PNGS Reva Diamond Jewellery Limited (PNGSREVA) conducted its maiden earnings conference call on March 13, 2026, to discuss its financial performance for the third quarter and the nine months ended December 31, 2025.
The company highlighted its strong Q3 performance with revenue from operations at ₹144.18 crores, EBITDA at ₹33.71 crores, and PAT at ₹23.11 crores. This represents a significant quarter-on-quarter growth from Q2 FY25, with revenue increasing by 40%, EBITDA by 74%, and PAT by 82%.
For the nine months ending December 25, revenue from operations stood at ₹300.90 crores, with EBITDA at ₹64.90 crores and PAT at ₹43.23 crores. Maharashtra continues to be the dominant market, contributing 95% of sales, with Gujarat and Karnataka making up the remaining 5%.
PNGS Reva Diamond Jewellery Limited outlined an ambitious expansion strategy, planning to open 15 new Company-Owned Company-Operated (COCO) stores within the next 24 months. Approximately 6-8 stores are slated for FY27 and the remaining 6 for FY28. This expansion will be funded by IPO proceeds, with around ₹287 crores allocated for infrastructure and inventory for these new stores. An additional ₹35 crores (approximately ₹2 crores per store) is set aside for exclusive branding over 8 to 18 months post-opening.
The company also discussed its business model, emphasizing the shift towards COCO stores for faster growth compared to relying on Franchise Owned Franchise Operated (FOCO) or Franchise Owned Franchise Operated (FOFO) models. The capex for these standalone diamond jewellery stores is estimated between ₹15 crores to ₹30 crores depending on the store size.
Management addressed questions regarding breakeven timelines, stating that stores within Maharashtra are expected to break even in 12-18 months, while those outside Maharashtra may take 18-24 months. They also touched upon market dynamics, including the impact of lab-grown diamonds, noting that their product range, focusing on smaller studded stones rather than solitaires, is less affected by this trend. Seasonality was also discussed, with H2 expected to be stronger due to festivals like Diwali and Christmas, contributing 60-65% of annual sales.
What to do with a filing like this
PNGS Reva Diamond Jewellery Limited filed this with the NSE as a statutory disclosure, categorised under concall scheduled. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by PNGS Reva Diamond Jewellery Limited. Read the original for the full detail.