Latest news with #PNGadgilJewellers
Business Standard
7 days ago
- Business
- Business Standard
P N Gadgil Jewellers consolidated net profit rises 96.32% in the June 2025 quarter
Sales rise 2.78% to Rs 1714.56 crore Net profit of P N Gadgil Jewellers rose 96.32% to Rs 69.34 crore in the quarter ended June 2025 as against Rs 35.32 crore during the previous quarter ended June 2024. Sales rose 2.78% to Rs 1714.56 crore in the quarter ended June 2025 as against Rs 1668.18 crore during the previous quarter ended June 2024. Particulars Quarter Ended Jun. 2025 Jun. 2024 % Var. Sales 1714.561668.18 3 OPM % 6.413.86 - PBDT 103.9353.97 93 PBT 92.7347.71 94 NP 69.3435.32 96
News18
7 days ago
- Business
- News18
P N Gadgil Jewellers Q1 consolidated net profit jumps 96.31 pc to Rs 69.34 crore
Last Updated: Mumbai, Aug 12 (PTI) Jewellery retailer P N Gadgil Jewellers on Tuesday reported a 96.31 per cent growth in consolidated net profit to Rs 69.34 crore during the quarter ending June 30, compared to the same period of the previous financial year. The company's net profit stood at Rs 35.32 crore during the corresponding period of the previous fiscal, P N Gadgil Jewellers said in a regulatory filing. Revenue from operations of the company during the quarter under review grew moderately by 2.78 per cent at Rs 1,714.56 crore compared to Rs 1,668.18 crore in the same period of the preceding year. 'This has been a good quarter for us. We recorded revenue of Rs 17,14.56 crore, EBITDA of Rs 122.85 crore, up 85.4 per cent from last year, and PAT of Rs 69.34 crore, also up 96.3 per cent year-on-year. The growth has come from retail expansion, increase in studded portion, and better cost discipline," PN Gadgil Jewellers Chairman and Managing Director Saurabh Gadgil said. Even with gold price volatility and a challenging market environment, the company is seeing healthy traction across our retail network and has improved profitability through better operational efficiency, he said. 'We will continue to build on this momentum, staying true to our promise of quality and design, and creating value for our customers and shareholders in the quarters ahead," he added. Shares of the company closed 6.18 per cent higher at Rs 581.10 apiece on the BSE. PTI SM SHW (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Business Upturn
7 days ago
- Business
- Business Upturn
PN Gadgil shares soar 8% as Q1 net profit jumps 96.3% YoY to Rs 69.3 crore, revenue up 2.8%
PN Gadgil Jewellers shares surged nearly 8% in Tuesday's trade after the company reported an impressive set of Q1 results, driven by strong profitability and margin expansion. As of 2:20 PM, the shares were trading 7.42% higher at Rs 589.35. The jewellery retailer posted a net profit of ₹69.3 crore for the quarter ended June 2025, a sharp 96.3% jump from ₹35.3 crore in the same period last year. Revenue grew 2.8% year-on-year to ₹1,714.5 crore from ₹1,668 crore, reflecting steady sales despite a challenging retail environment. Operational performance was also robust, with EBITDA rising 71.5% to ₹109.9 crore compared to ₹64.1 crore last year, while margins improved significantly to 6.4% from 3.8% a year ago, indicating better cost control and higher efficiency. On the market front, the stock opened at ₹551.50 and gained momentum, hitting an intraday high of ₹603.50 against a low of ₹548.00. The counter remains well above its 52-week low of ₹473.80 but is still some distance from its 52-week high of ₹848.00. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Standard
08-07-2025
- Business
- Business Standard
P N Gadgil reports 3% YoY revenue growth to Rs 1,713 cr in Q1 FY26
P N Gadgil Jewellers reported a 2.77% year-on-year (YoY) increase in total revenue to Rs 1,713.7 crore for the first quarter of FY26, up from Rs 1,667.5 crore in the same period last year. During the quarter under review, revenue excluding the refinery segment delivered a YoY growth of 30.4%. The companys retail segment, which contributed 70.3% to the companys total revenue, registered a 19.4% year-on-year growth in Q1 FY26. The performance reflects a steady operational environment at the store level amid cautious consumer sentiment. The e-commerce segment reported a sharp 126% year-on-year growth in Q1 FY26, contributing 3.9% to total revenue. The performance underscores the success of the companys digital expansion strategy and growing online customer engagement. Franchisee operations posted a robust 109% year-on-year growth in Q1 FY26, accounting for 15.7% of total revenue. The strong performance was driven by solid franchisee execution and deeper market penetration. The other segment, excluding refinery operations, contributed 10.1% to total revenue in Q1 FY26. This segment primarily comprises B2B and corporate sales. As previously disclosed, refinery operations which contributed Rs 353.50 crore in Q1 FY25 were discontinued effective 1 October 2024. The companys festive season sales continue to be a key growth driver for the company. On Akshaya Tritiya this year, the company recorded its highest-ever single-day festive sales at Rs 139.53 crore, marking a strong 35.1% year-on-year increase. The share of studded jewellery in retail sales rose 41.6% year-on-year in Q1 FY26, taking the stud ratio to 10%. The rise reflects increasing consumer preference for stud-based designs. Same-store sales growth (SSSG) for the quarter stood at 8%. The growth was partly impacted by the absence of the Gudi Padwa festival in Q1 FY26, which fell in Q4 FY25 this year. In the previous year, the festival occurred during Q1, affecting like-for-like comparability. In Q1 FY26, the company expanded its footprint with the launch of Litestyle, a dedicated sub-brand designed to cater to the growing demand for stylish, lightweight jewellery. Additionally, 2 new showrooms were opened during the quarter one COCO (company owned, company operated) and one FOCO (franchise owned, company operated) bringing the total store count to 55. Looking ahead to FY26, the company is focused on accelerating its store rollout, with 7 to 9 new launches a combination of company-owned (COCO) and franchise outlets (FOCO) planned for Q2 FY26. This forms a key part of the broader goal of opening 20-25 new stores during the fiscal year. The expansion strategy will center on key growth markets such as Maharashtra, where the company maintains a leadership position, as well as high-potential regions like Uttar Pradesh and Madhya Pradesh. These areas will remain pivotal to driving market penetration and increasing accessibility, supporting the companys growth trajectory. P N Gadgil is the second-largest jewellery player in Maharashtra in terms of the number of stores as of January 2024. A wide range of precious metal and jewelry products includes gold, silver, platinum, and diamond jewelry across various price ranges and designs. The products are primarily sold under the flagship brand, PNG, as well as various sub-brands, through multiple channels, including retail stores, various online marketplaces, and their own website. The companys consolidated net profit rose 12.9% to Rs 61.99 crore on 5% rise in revenue from operations to Rs 1,588.22 crore in Q4 FY25 over Q4 FY24. Shares of P N Gadgil Jewellers shed 0.63% to Rs 605.90 on the BSE.
Economic Times
08-07-2025
- Business
- Economic Times
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 company reported a 2.8% YoY rise in total revenue for the first quarter of FY26. 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 the discontinued refinery segment, revenue grew 30.4% 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 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 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 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 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' 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)
