India · Delayed Price · Currency is INR P N Gadgil Jewellers Earnings Call Transcripts
Fiscal Year 2026
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Q3 FY 2026 delivered strong revenue and profit growth, driven by festive demand, new store openings, and a higher studded jewelry mix. Margins improved due to operational focus and product mix, with guidance for continued expansion and robust profitability in FY 2027.
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Q1 FY 2027 saw record revenue and profit growth, with revenue up 41% YoY and PAT up 52% YoY, driven by strong retail and festive demand. Expansion plans remain on track, targeting 25 new stores this year and improved margins, while cost discipline and strategic market positioning support sustainable growth.
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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. Margins were impacted by a temporary spike in gold bar and coin sales, but guidance for FY 2027 is robust with revenue targeted at INR 13,500 crores and improved profitability.
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Q2 and H1 FY2026 saw exceptional revenue and profit growth, driven by festive demand, new store openings, and strong performance across retail, e-commerce, and franchise segments. Expansion into new states and robust margins position the company for continued growth.
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Q1 FY26 delivered robust growth despite a 35% surge in gold prices, with revenue up 2.8% year-over-year, gross margin rising to 13.2%, and PAT nearly doubling. Expansion plans remain on track, targeting 20-25 new stores and sustained margins, with strong performance across retail, e-commerce, and franchise segments.