P N Gadgil Jewellers Limited, one of the most reputed jewellers in the country, boasting around 193 years of excellence in craftsmanship and trusted service in the retail business of gold, silver, and diamond jewellery, announced its unaudited financial results for the quarter ended 30th September,2025.

Key Financial Highlights:

Particulars (INR Mn) Q2 FY26 Q2 FY25 Y-o-Y Q1 FY26 Q-o-Q H1 FY26 H1 FY25 Y-o-Y
Revenue from Operations 21,776.2 20,013.1 8.8% 17,145.6 27.0% 38,921.8 36,694.9 6.1%
EBITDA 1,429.4 658.8 117.0% 1,230.4 16.2% 2,659.8 1,321.4 101.3%
EBITDA Margin (%) 6.6% 3.3% 327 bps 7.2% -61 bps 6.7% 3.6% 310 bps

Profit After Tax 793.1 349.2 127.1% 693.4 14.4% 1,486.5 702.4 111.6%
PAT Margins (%) 3.6% 1.7% 190 bps 4.0% -40 bps 3.8% 1.9% 190 bps
Basic EPS 5.84 2.57 5.11 10.95 5.18

*On Consolidated Basis

For H1 FY26, average revenue per store stands at around Rs. 617.81 million, while net profit per store reached Rs. 23.69 million, demonstrating strong efficiency and profitability at the store level.

Segmental Performance Highlights (INR Mn)
Q2 FY26

Retail Non Retail
E-commerce Franchise Others

During the period under review, total revenue excluding the refinery segment grew by 31.4% YoY (Q2 FY26 vs. Q2 FY25) and by 30.9% YoY (H1 FY26 vs. H1 FY25). The following summary presents the revenue breakdown:

Particulars (INR Mn) Q2 FY26 Q2 FY25 Y-o-Y H1 FY26 H1 FY25 Y-o-Y
Revenue Excl. Refinery 21,776 16,578 31.4% 38922 29,725 30.9%
Refinery 3,435 6,970
Revenue from Operations 21,776 20,013 8.8% 38,922 36,695 6.1%

• Retail segment is 72.2% of our total sales, continues to lead the way, achieving an impressive Revenue growth of 28.9% an EBITDA margin of 9.1% and a PAT margin of 5.1%.
• The company’s E‐commerce segment experienced exceptional growth, with revenue increasing to Rs. 1,435.1 million, a 113.2% rise.
• Franchise revenue also grew to Rs. 3,408.9 million, with an 104.7% increase for Q2 FY26.
• The Same-Store Sales Growth (SSSG) stood at 29% over the previous quarter.

Operational Financial Highlights
• Increased Transaction Count and ATV: As customer engagement continues to rise, there has been a notable uptick in both transaction volumes and average spending per visit. The transaction count grew by 18%, taking the Average Transaction Value (ATV) to Rs. 90k.
• Customer Footfall and Conversion Rate: A 20% increase in footfall, coupled with a strong Conversion rate of 93%, further fuels our growth, reflecting increased Demand, customer engagement and sustained purchasing behaviour at the store level.
• Festive Sales Surge: Festive sales remain a key driver of our success. This year, we achieved our highest-ever festive sales during Navratri, amounting to ₹4,281 Mn, with a remarkable 66% increase over last year.
• Product-wise Performance: The Gold category registered a 24% increase in value and a 15% increase in volume compared to the previous quarter. The Silver category delivered a strong performance with 92% growth in value and 59% growth in volume, while Diamond sales also improved, recording a 31% rise in volume compared to the previous quarter, resulting in the stud ratio reaching 9%.

Courtesy : AOJ Desk News