P N Gadgil Jewellers Limited — Investor Meet, 21-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

P N Gadgil Jewellers reported FY25 revenue of Rs. 7,693 Cr, up 25.9% YoY, with EBITDA rising 33.2% to Rs. 371 Cr and PAT increasing 40.7% to Rs. 218 Cr. Retail sales, 81.5% of total, grew 50.1% in Q4 with EBITDA and PAT margins of 7.9% and 4.2% respectively. E-commerce soared 243% to Rs. 90 Cr; franchisee revenue rose 37.2% to Rs. 185 Cr. Same store sales grew 26.5%. The company added 17 stores in FY25 and plans 20-25 new stores in FY26 across Maharashtra and emerging markets. Shift toward lightweight and studded jewellery is driving growth. Inventory turnover is healthy at 5.2x. FY26 margin guidance: retail EBITDA 7-8%, consolidated PAT 2.75%-3.25% amid expansion costs. Confident in growth led by retail mix, product portfolio, and execution.