P N Gadgil Jewellers Shines Bright: Reports Stellar 45.58% Net Profit Growth
P N Gadgil Jewellers has reported a 45.58% growth in its net profit for Q1 of FY26. The company's revenue climbed over 39%, reaching Rs 10,739 crore. Key growth areas included wedding and festive demand, lightweight jewellery, and regional expansions, particularly in Madhya Pradesh, Uttar Pradesh, and Bihar.
P N Gadgil Jewellers, a notable name in the jewellery retail sector, reported an impressive 45.58% growth in consolidated net profit for Q1, ending March 31, 2026. The net profit rose to Rs 90.25 crore compared to Rs 61.99 crore in the previous year.
The firm's revenue from operations more than doubled, soaring to Rs 3,544.30 crore, up from Rs 1,588.22 crore in the same period a year ago. For FY26, the company achieved a significant milestone, surpassing Rs 10,000 crore in revenue for the first time.
Chairman and Managing Director Saurabh Gadgil highlighted strong market momentum despite increased gold prices. The company has continued its expansion strategy, entering new markets such as Madhya Pradesh, Uttar Pradesh, and Bihar, expanding its retail footprint to 78 stores, aiming to become a foremost pan-India jewellery player.
(With inputs from agencies.)
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