PN Gadgil Jewellers Q4 Revenue Up; Shares Rise 2.76%

Mumbai, April 8: PN Gadgil Jewellers Limited reported a sharp acceleration in business performance for Q4 FY26, with growth coming through strongly across segments.

Revenue for the quarter came in at ₹3,552 crore, more than double the ₹1,587 crore reported a year ago. Strip out the bullion-driven “other” segment, and the core business still delivered a 104% increase to ₹3,196 crore, the company said in an exchange filing.

Stock Market Snapshot

PN Gadgil Jewellers share price rose 2.76% to ₹615.65 as of 12:26 PM IST on April 8, 2026.

The stock saw steady buying through the session, moving between ₹610.00 and ₹634.75.

The PN Gadgil Jewellers Limited share price suggests investors are looking beyond a single quarter and focusing on the pace at which the business is scaling.

Retail Strength At The Core, But Growth Is Broad-Based

Retail remained the anchor, growing 102% year-on-year. Wedding demand, festive buying, and higher walk-ins all contributed.

Franchise operations grew 132%, indicating that the brand is gaining traction beyond company-owned stores. E-commerce expanded 67%, showing digital channels are beginning to play a meaningful role.

Same-Store Growth Signals Depth, Not Just Expansion

One of the more telling indicators was same-store sales growth of 86%.

That number is important because it removes the effect of new store additions. It tells you what existing stores are doing.

Even with rising gold prices, volumes held up. Gold grew 27%, while silver and diamond segments grew even faster at 37% and 125%, respectively.

Expansion Continues, But With Direction

The company added 12 stores during the quarter, taking the total network to 78.

Maharashtra remains a strong base, but the company is now stepping into newer markets like Gorakhpur and Varanasi. That signals a broader geographic ambition.

Looking ahead, the plan to add 25 more stores suggests that growth through network expansion is far from over.

Company Background And Positioning

PN Gadgil Jewellers Limited operates in the organised jewellery retail space, a segment that continues to benefit from formalisation and shifting consumer preferences.

Conclusion

Strong retail demand, rising same-store sales, expanding footprint and improving product mix are all moving in the same direction. The rise in PN Gadgil Jewellers share price reflects that alignment.

Source:

• https://www.nseindia.com/get-quote/equity/PNGJL/P-N-Gadgil-Jewellers-Limited
• https://nsearchives.nseindia.com/corporate/PNGJEWELLERS_08042026112124_IntimationOfQuarterlyUpdate.pdf