Pune-based P N Gadgil Jewellers Limited (PNG Jewellers) reported a robust performance in the first quarter of FY26, with revenue from continuing operations (excluding refinery) rising 30.4% year-on-year to \u20b917,137 million.<\/p>\n
The retail segment, which contributed 70.3% of total revenue, saw steady growth of 19.4% in a cautious consumer environment. Notably, the e-commerce segment surged by 126% over the same quarter last year, accounting for 3.9% of overall revenue, driven by strong digital traction and increased customer engagement. Franchise operations also delivered an impressive 109% growth, contributing 15.7% of the topline.<\/p>\n
The company discontinued its refinery business from October 2024, which had contributed \u20b93,535 million in Q1 FY25. Excluding this, core business revenue registered significant growth.<\/p>\n
Festive performance was a major highlight, with PNG Jewellers clocking record single-day sales of \u20b91,395.3 million on Akshaya Tritiya, up 35.1% from the previous year.<\/p>\n
The studded jewellery category witnessed a 41.6% increase in Q1 FY26, pushing the stud ratio to 10% of retail sales. Same-store sales growth stood at 8%, slightly muted due to the Gudi Padwa festival shifting to the previous quarter.<\/p>\n
During the quarter, PNG Jewellers launched its sub-brand \u2018Litestyle\u2019 catering to the rising demand for lightweight, trendy jewellery, and opened two new showrooms (one company-owned and one franchise), expanding its total footprint to 55 stores.<\/p>\n
Looking ahead, the company plans to accelerate expansion with 7-9 new stores in Q2 FY26, as part of its annual target of 20-25 store launches. Key focus markets include Maharashtra, Uttar Pradesh, and Madhya Pradesh. PNG Jewellers operates 54 stores across Maharashtra and Goa, and one in the USA.<\/p>\n","protected":false},"excerpt":{"rendered":"
Pune-based P N Gadgil Jewellers Limited (PNG Jewellers) reported a robust performance in the first quarter of FY26, with revenue from continuing operations (excluding refinery) rising 30.4% year-on-year to \u20b917,137 million. The retail segment, which contributed 70.3% of total revenue, saw steady growth of 19.4% in a cautious consumer environment. Notably, the e-commerce segment surged…<\/p>\n","protected":false},"author":1,"featured_media":32425,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[83],"tags":[],"thb-sponsors":[],"class_list":["post-32424","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bulletin"],"acf":[],"yoast_head":"\n