India · Delayed Price · Currency is INR P N Gadgil Jewellers Earnings Call Transcripts
Fiscal Year 2026
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Q2 FY26 delivered strong revenue and profit growth, driven by festive demand, new store launches, and robust retail, e-commerce, and franchise performance. Margins improved significantly, with continued expansion planned across India and a focus on higher-value product segments.
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Q3 FY26 delivered strong revenue and profit growth, driven by festive demand, new store openings, and a higher studded jewelry mix. The company is on track to exceed FY26 revenue guidance and targets 20-25% growth for FY27, with continued expansion and margin improvement.
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Revenue grew 40% year-over-year to INR 10,739 crores, with Q4 up 123% driven by festive demand and store expansion. Gross margin for Q4 dipped due to higher gold bar and coin sales, but annual margins remain strong. FY 2027 guidance targets INR 13,500 crores revenue and improved margins.
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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.
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Q1 FY26 delivered robust growth with revenue up 2.8% year-over-year and gross margin rising to 13.2%, driven by strong festive sales, higher studded jewelry mix, and expansion into new markets. The company maintains guidance for INR 9,000–9,500 million revenue and 3.5–4% PAT margin.