P N Gadgil Jewellers Q1 revenue rises 2.8% YoY, retail segment up 19.4%

P N Gadgil Jewellers Q1 revenue rises 2.8% YoY, retail segment up 19.4%P N Gadgil Jewellers posted a 2.8% YoY rise in Q1 FY26 revenue to ₹1,714 crore. Retail sales rose 19.4%, while Akshaya Tritiya marked its highest-ever single-day festive sales.By Sheersh Kapoor July 7, 2025, 5:27:33 PM IST (Published)1 Min ReadP 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.

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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.Continue ReadingCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsPN Gadgil JewellersQ1retail salesretail storesshare market today