India · Delayed Price · Currency is INR P N Gadgil Jewellers Earnings Call Transcripts
Fiscal Year 2026
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Q2 and H1 FY 2026 saw exceptional revenue and profit growth, driven by festive demand, new store openings, and strong performance across retail, e-commerce, and franchise segments. Margins improved significantly, and the company remains confident in sustaining growth with continued expansion and robust consumer sentiment.
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Q1 FY26 delivered robust growth with revenue up 2.8% and PAT nearly doubling, driven by strong retail, e-commerce, and franchise performance despite high gold prices. Gross margin improved to 13.2%, and expansion plans remain on track with a focus on LiteStyle and new geographies.
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Revenue grew 40% year-over-year to INR 10,739 crores, with Q4 up 123% on strong festive demand. Margins dipped in Q4 due to higher gold bar/coin sales and promotions, but annual EBITDA margin improved to 6.6%. FY 2027 guidance targets INR 13,500 crores revenue and higher margins.
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Q3 FY26 delivered 35.6% YoY revenue growth and 98.6% net profit growth, driven by festive demand, store expansion, and a higher studded jewelry mix. Guidance for FY27 targets 20-25% revenue growth, 7-7.25% EBITDA margin, and 25 new stores, with LiteStyle set to double its sales share.
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Q1 FY27 saw record revenue and profit growth, driven by strong retail and festive demand, disciplined cost control, and network expansion. Guidance remains robust with 25 new stores planned, margin improvement targeted, and a focus on franchise-led growth and debt reduction.