P N Gadgil Jewellers shares in focus after Q1 revenue rises 2.8% YoY; retail segment up 19.4%
P N Gadgil Jewellers shares: The retail segment, accounting for more than 70% of the company's total revenue, grew by 19.4% year-on-year. Additionally, the company achieved its highest-ever single-day festive sales on Akshaya Tritiya, generating ₹139.53 crore—a 35.1% increase compared to the same occasion last year.
Tired of too many ads?
Remove Ads
Tired of too many ads?
Remove Ads
P N Gadgil share price target
Shares of P N Gadgil Jewellers will be in focus on Tuesday after the company reported a 2.8% year-on-year (YoY) increase in total revenue to Rs 1,714 crore for the first quarter of FY26, up from Rs 1,668 crore in the same period last year, according to its exchange filing.Excluding the discontinued refinery segment, revenue grew 30.4% YoY.The retail segment, which contributes over 70% of total revenue, grew 19.4% YoY. The company also recorded its highest-ever single-day festive sales on Akshaya Tritiya, generating Rs 139.53 crore, a 35.1% jump compared to the previous 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 launched a new sub-brand 'Litestyle', targeting the lightweight jewellery segment, and added two new stores during the quarter, taking the total store count to 55.Looking ahead, P N Gadgil plans to open 7–9 new stores in Q2FY26 and aims to launch 20–25 outlets in FY26 across key markets such as Maharashtra, Uttar Pradesh, and Madhya Pradesh.According to Trendlyne, the average target price for P N Gadgil is Rs 825, implying a potential upside of nearly 35% from current levels. The sole analyst covering the stock maintains a 'Strong Buy' rating.The stock has gained 20% in the past three months, though it is down 9% year-to-date. The company's market capitalisation stands at Rs 8,274 crore.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
New Indian Express
10 minutes ago
- New Indian Express
Land acquisition: Thirumangalam water scheme delayed by five months
MADURAI: Trouble with land acquisition has allegedly delayed the Rs 52.54-crore water scheme project of the Thirumangalam Municipality by five months. Commenced on January 1 last year, the project was initially scheduled for completion in July 2025; now, officials from the Water Resources Department expect the project to be over by December this year. Sources said drinking water is being supplied to the 20,000-odd households in Thirumangalam Municipality through two schemes -- Tamil Nadu Water Supply and Drainage (TWAD) Board's combined water scheme supplying 3.3 MLD from Cauvery river and local sources supplying 2.1 MLD from Vaigai river in Thiruvengadam. 'As we decided to develop our sources from the Vaigai river in Mullipallam, a special scheme was devised at a cost of Rs 52.54 crore, under the Kalaignar Urban Development Fund,' said an official from the Thirumangalam municipality. 'With Mullipallam just 25 kilometres away, the new project has the capacity to supply over 4.3 MLD, which will be plentiful for the next 10 years for the residents of the municipality. We are currently constructing five overhead tanks (OHTs) in the municipality.
New Indian Express
10 minutes ago
- New Indian Express
Omni bus owners allege illegal tax collection in Tamil Nadu
COIMBATORE: The All Omni Bus Owners and Operators Association alleged on Sunday that transport officers in the state are illegally collecting money from omni bus owners from both Tamil Nadu and other states under the guise of a special tax, despite them already paying the legally mandated road tax. The association's founder, A Pandiyan, stated that a bus with an all-India permit pays a road tax of Rs 90,000 to the central government every three months. Additionally, they pay road tax to their respective state governments based on the number of seats. He said that, according to law, no other taxes are required. Operators are also subjected to long checks at toll gates, causing delays in passenger drop-offs and affecting their business, he said. 'However, officers from the state transport department are collecting money from omni bus owners who are operating inter-state, from other states to Tamil Nadu and vice versa. They are doing so in the name of a special tax. They collect anywhere from `20,000 to `1 lakh, especially on holidays and during festival times,' Pandiyan alleged. Urging Transport Minister SS Sivasankar to intervene and put an end to this illegal practice, the association warned of a larger protest at the state transport department office in Chennai if the issue persists. When contacted, transport and road safety commissioner R Gajalakshmi told TNIE that she would look into this matter.
&w=3840&q=100)
Business Standard
10 minutes ago
- Business Standard
Table Space leases 5 lakh sq. ft office space in Gurugram for ₹3.5 cr/month
Table Space Technologies Private Limited, a flexible workspace solution provider, has taken on lease 5,34,532 sq. ft. of office space at a monthly rental of Rs 65 per sq. ft. amounting to Rs 3,47,44,580 in Intellion Park in sector 59, Gurugram, according to the property registration document reviewed by NSE-listed real estate data analytics firm PropEquity. The transaction was registered on July 25, 2025 between Table Space Technologies Private Limited and Mikado Realtors Private Limited, a Tata Group Company (Tata Realty and Infrastructure Ltd.) Intellion Park is located right off the Golf Course Extension Road, in Gurugram. It offers connectivity through the main access roads - Golf Course Road, MG Road & Faridabad Road and is also well connected to Sohna Road, NH 8 and Delhi. The Southern Peripheral Road, Dwarka Expressway and Delhi-Mumbai Expressway are within easy reach. The metro station is at a 10-min drive. Stamp duty & registration: ₹1.58 crore and ₹50,003 respectively. Table Space will have 11 months for fit-outs, paying only 50% of maintenance charges during this period. The lease also includes 617 covered parking spaces. Renewal is possible for four years and further extendable by five years. The lease deed also provides for a fit-out period of eleven months from the Lease Commencement Date (August 1, 2024) to June 30, 2025 during which Table Space will be required to pay only 50% of the maintenance charges, i.e Rs 6.5 per sq. ft. The rent commencement and full maintenance charge of Rs 13 per sq. ft. shall begin from July 1, 2025 amounting to a monthly rent of Rs 4,16,93,496. The agreement provides for 15% escalation in lease rent after every three years. The agreement also requires the deposit of three month rent as interest free refundable security deposit with 15% escalation after every three years. The lease agreement, upon expiry, can be renewed for a period of four years and thereafter an additional five years. The G+12 structure office building will also have 617 covered car parking spaces in the basement. The transaction incurred a stamp duty payment of Rs 1,58,53,000 and registration charges of Rs 50,003. Table Space is one of the leading flexible workspace solution providers in India and specializes in providing enterprise-managed workspace solutions to global enterprises. Founded in 2017, Table Space's portfolio comprises 10.5 million sq. ft (100.5 lakh sq. ft) of custom workspaces for enterprises as of December 2024, with over 75+ centres across key clusters in India. According to PropEquity, Golf Course Extension Road saw the supply of 5.23 million sq. ft. office space between 2022-24 while leasing stood at 2.72 million sq. ft. The average rentals stood at Rs 78 per sq. ft.
