P N Gadgil Jewellers delivered impressive financial results for Q4 FY26, with consolidated revenue surging 123.2% YoY to ₹3,544.3 crore. The company's net profit jumped 45.6% YoY to ₹90.3 crore, demonstrating robust bottom-line growth despite margin pressures. According to reports from Live Mint, EBITDA increased 52.5% YoY to ₹166.3 crore, though EBITDA margins contracted sharply by 217 basis points to 4.7% on both year-on-year and quarter-on-quarter basis.
The company witnessed exceptional growth across all precious metal categories during the quarter. As reported by Live Mint, the gold category recorded 120% growth in value and 27% growth in volume, while the silver category delivered 246% growth in value and 37% growth in volume. The diamond category also posted 84% growth in value and over 125% growth in volume, resulting in the retail stud ratio reaching 9.9%. The retail segment, contributing 77% of total sales, achieved 101.5% revenue growth.
The company's digital and franchise operations showed strong momentum during the quarter. According to Live Mint, e-commerce revenue rose 67.3% YoY to ₹151 crore, while franchise revenue grew significantly to ₹429 crore, marking a 132% increase. The Same-Store Sales Growth (SSSG) of 86% year-on-year during the March quarter reflected robust demand momentum across the existing store network. The company witnessed a 10% increase in footfall, supported by 9% growth in transaction count, with Average Transaction Value (ATV) reaching ₹100.2 thousand.
P N Gadgil Jewellers continued its aggressive expansion strategy during FY26, significantly expanding its retail footprint. As reported by Live Mint, the company expanded its retail presence to 78 stores during the year, with key entries into Madhya Pradesh, Uttar Pradesh, and Bihar, along with continued expansion across Maharashtra. For FY26, the company's average revenue per store stood at around ₹137.7 crore, while net profit per store came in at ₹5.25 crore. The profit stood at ₹410 crore, an 88% jump from ₹218.3 crore, while revenue from operations grew 39.6% YoY to ₹10,739.1 crore.
Despite strong financial performance, the company's shares remained volatile in May, falling 8% from the month's high of ₹736 as weakness emerged after the government increased customs duty on precious metals. According to Live Mint, the stock had previously surged 23% in April after remaining largely stagnant for the previous two months. The increased customs duty on precious metals could impact business, potentially leading to a decline in sales and repercussions on workforce employability, with concerns about a possible revival of gold smuggling activities.
