P N Gadgil Jewellers Limited
Established in 1832, P. N. Gadgil & Sons Ltd is in the retail business of gold, silver, and diamond jewellery
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P N Gadgil Jewellers is conducting its 13th Annual General Meeting. The Annual Report for FY2025-26 and AGM notice are being shared electronically with shareholders.
P N Gadgil Jewellers has submitted its Business Responsibility and Sustainability Report for FY25-26. The report details operations across 77 Indian and 1 US location. The company also notes export turnover at 0.06% of total turnover.
P N Gadgil Jewellers opened a new 'YOOU' format store in Pune's Amanora Mall. This expansion increases the company's total store count to 79, comprising 65 Legacy and 14 YOOU stores, reflecting continued retail growth.
PNGJL delivered robust Q1 FY27 revenue, up 41% YoY. Retail segment surged 56% with 46% same-store sales growth, now 78% of revenue. Product mix is improving, with higher studded jewellery contribution. Company plans to open ~25 new stores this fiscal year, targeting ~103 by FY27 end.
PNG Jewellers' Q4 gross margins contracted YoY & QoQ due to higher gold bar/coin sales, lower studded jewellery mix, and strategic discounts. Management views this as a one-time impact from product mix shifts & growth investments, expecting normalization while focusing on high-margin retail jewellery.