PNGS Reva Diamond Jewellery shares hit a new high of ₹738.40 in Thursday's trading session, soaring 16% on the BSE amid heavy volume in an otherwise weak market. According to reports from Business Standard, the gems & jewellery company has zoomed 35% in the past two trading days following strong operational performance for Q2FY27. The stock is currently 91% higher against its issue price of ₹386 per share and has more than doubled or skyrocketed 125% from its 52-week low of ₹328 on March 30, 2026. The company made its stock market debut on March 4, 2026.
The company delivered exceptional growth in Q2FY27, with revenue growing 46.25% year-on-year (excluding Gold sales) and 17.46% YoY (including Gold sales). As reported by Business Standard, for the first six months of FY27 (April to September), the company achieved 75.75% YoY growth (excluding gold sales) and 52.19% YoY growth (including Gold sales). The strong performance is particularly notable as there were no festival days during this quarter, compared to 9 days of festive sales in Q2FY26. The company noted that despite this shift in festive calendar, it delivered higher overall sales year-on-year, driven by healthy demand throughout the quarter.
At 02:07 PM, PNGS Reva Diamond Jewellery quoted 11% higher at ₹704, as compared to a 1.53% decline in the BSE Sensex. According to Business Standard, the average trading volume at the counter jumped over 15-fold, with a combined 12.92 million shares changing hands on the NSE and BSE. The stock's performance stands out in an otherwise weak market environment, demonstrating strong investor confidence in the company's operational metrics.
PNGS Reva Diamond Jewellery operates as a branded Certified Natural diamond jewellery retailer backed by the P. N. Gadgil & Sons Group (PNGS) with strong presence in Western India and expanding retail footprint. As reported by Business Standard, the company does not engage in gold bullion or commodity trading, with gold sales purely incidental from disposal of excess gold received from customers. CARE Ratings noted that the company operates on an asset-light business model with a predominantly variable cost structure, providing operational flexibility. However, the Indian gems & jewellery industry remains highly fragmented with intense competition, and PNGS faces direct competition from other entities operating under the 'PNG' brand.
Industry trends indicate a favourable outlook for India's diamond jewellery market, driven by evolving consumer preferences, rising disposable incomes and increasing acceptance of diamonds beyond traditional occasion-led purchases. According to Business Standard, the 45-day Dussehra and Diwali festive season generates the largest share of annual revenue, and Q3 wedding season, Dussehra and Diwali festival is expected to support higher average order values. CARE Ratings expects the planned launch of exclusive stores to increase fixed cost base, but profitability is expected to remain healthy in the medium term. The company's ability to expand presence into new regions will be crucial for further scaling up operations.
