P N Gadgil Jewellers Q2 FY26 Profit Soars 127% to ₹793.1 Million; Revenue Climbs 8.8% YoY

Pune, November 12, 2025: P N Gadgil Jewellers Limited (NSE: PNGJL, BSE: 544256) announced its financial results for the quarter ended September 30, 2025. The company reported strong earnings performance during the quarter. Its profit for Q2FY26 soared 127% YoY to₹793.1 million. The profitability was mainly driven by the company’s improving operational efficiency.

Key Financial Highlights

The company recorded a total revenue of ₹21,776.2 million in Q2FY26, reflecting an 8.8% YoY and 27% QoQ growth. EBITDA rose sharply to ₹1,429.4 million, marking a 117% YoY and 16.2% QoQ increase. The EBITDA margin improved to 6.6%, up 327 bps YoY, though it declined 61 bps QoQ. Profit after tax surged to ₹793.1 million, a 127.1% YoY rise and a 14.4% increase over the previous quarter. EPS stood at ₹5.84, up from ₹2.57 YoY and ₹5.11 QoQ.

September 30, 2025, marked the end of the first half of the financial year. In H1FY26, the company posted a total revenue of ₹38,921.8 million, up 6.1% YoY. EBITDA surged to ₹2,659.8 million, reflecting a remarkable 101.3% YoY growth, while the EBITDA margin rose to 6.7%, up 310 bps YoY. Profit after tax reached ₹1,486.5 million, marking a 111.6% YoY increase. EPS stood at ₹10.95, showing growth over the same period last year.

Segmental Performance

The segments also had a similar financial result. The retail segment remained the company’s largest contributor. It accounted for 72.2% of total sales. It generated ₹15,719.7 million, a 28.9% YoY increase. The percentage growth was beaten by the franchise segment. It rose 104.4% YoY after generating ₹3,408.9 Million. On top was the e-commerce segment that made ₹1,435.1 million, a 113.2% YoY increase. However, Other segments like B2B Bullion and Refinery had a hard time. They only made ₹1,212.4 million. A 77.9% YoY decrease.

Operational Highlights

On the operational front, the company saw an 18% growth in transactions, with the average transaction value (ATV) reaching ₹90,000. Customer engagement also improved, with footfall rising 20% and a strong conversion rate of 93%. Festive sales provided a significant boost, as Navratri sales surged to ₹4,281 million, up 66% YoY. The product mix performed well across categories, with gold sales increasing 24% in value and 15% in volume QoQ, while silver and diamond sales grew 92% and 31% in value, respectively.

Market Snapshot

The share price of P N Gadgil Jewellers Limited closed at ₹671.00 as of November 12, 2025. This was a 0.56% or ₹3.70 fall from its previous close of ₹664.70. The intraday range was between ₹658.00 and ₹688.20. The company had a negative trading session. Its total market capitalisation stood at ₹8,970.32 crore. Further, it had a total traded value and volume of ₹87.31 crore and 12.97 lakh shares, respectively.

REF: https://nsearchives.nseindia.com/corporate/PNGJEWELLERS_12112025154149_Intimationofpressrelease.pdf

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