P N Gadgil Jewellers Ltd reported a 2.8% year-on-year increase in total revenue at ₹1,714 crore for the first quarter of FY26, up from ₹1,668 crore a year ago, as per its business update filed with the exchanges.Excluding the discontinued refinery segment, revenue grew 30.4% YoY to ₹1,714 crore.
The retail segment, which accounts for over 70% of total revenue, grew 19.4% YoY. Notably, the company achieved its highest-ever single-day festive sales on Akshaya Tritiya, raking in ₹139.53 crore — a 35.1% jump over last year.
Franchise operations surged 109% YoY, contributing 15.7% to revenue, while e-commerce sales more than doubled, growing 126% YoY. The share of studded jewellery also rose sharply by 41.6%, lifting the stud ratio to 10% of retail sales.The company also launched a new sub-brand ‘Litestyle’ for lightweight jewellery and added two new stores in the quarter, bringing its total to 55.
The retail segment, which accounts for over 70% of total revenue, grew 19.4% YoY. Notably, the company achieved its highest-ever single-day festive sales on Akshaya Tritiya, raking in ₹139.53 crore — a 35.1% jump over last year.
Franchise operations surged 109% YoY, contributing 15.7% to revenue, while e-commerce sales more than doubled, growing 126% YoY. The share of studded jewellery also rose sharply by 41.6%, lifting the stud ratio to 10% of retail sales.The company also launched a new sub-brand ‘Litestyle’ for lightweight jewellery and added two new stores in the quarter, bringing its total to 55.
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Looking ahead, P N Gadgil plans to open 7–9 stores in Q2 FY26 and targets 20–25 new store launches during the fiscal year across key markets like Maharashtra, Uttar Pradesh, and Madhya Pradesh.
Ahead of the update, shares of the company closed 2.73% higher at ₹611 on NSE.
