PN Gadgil shares rise 6% after Q4 revenue surges 124%

Shares of P N Gadgil Jewellers Ltd. jumped 6% on Wednesday, April 8, after the company reported a sharp surge in its March quarter performance, with total revenue rising 124% year-on-year to ₹3,552 crore, driven by strong demand during the wedding and festive season.The company said retail segment revenue grew 102% YoY in Q4, while franchise operations rose 132% and e-commerce sales increased 67%, reflecting broad-based growth across channels.

Same-store sales growth stood at a robust 86% YoY, indicating strong traction across existing stores.
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Despite elevated gold prices, volumes remained strong, with gold volumes rising 27% YoY, while silver and diamond volumes grew 37% and 125%, respectively, boosting the share of studded jewellery.Festive and event-led demand remained strong, with Foundation Day sales at ₹365 crore, followed by ₹171 crore during Gudi Padwa and ₹225 crore during Gratitude Day celebrations.

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During the quarter, the company added 12 new stores, including 8 company-owned (COCO) and 4 franchise-operated (FOCO) outlets, taking its total store count to 78 as of March 31, 2026, with expansion into new markets such as Gorakhpur and Varanasi.

Looking ahead, P N Gadgil said it plans to open 25 new stores in FY27, targeting revenue of ₹13,500 crore, implying growth of around 25% YoY, with an EBITDA margin target of 7.5%.

Following the business update, shares of the company surged nearly 6%, hitting the intraday high of ₹634.75. The stock has since pared some of its gains and was trading just over 3% up at ₹617.50 as of 11.53 am. The stock has delivered about 18.5% returns over the last 12 months.