P N Gadgil Jewellers Limited — Updates, 12-08-2025: Press Release

P N Gadgil Jewellers delivered strong Q1 FY26 results. Revenue stood at ₹1,714.56 Cr, with EBITDA surging 85.4% YoY to ₹122.85 Cr and PAT jumping 96.3% YoY to ₹69.34 Cr. This impressive growth reflects margin expansion (EBITDA margin 7.2%, PAT margin 4.0%) driven by improved operational efficiency and cost discipline. The discontinued refinery business should be noted for true revenue comparison, as ex-refinery revenue grew 30.4%. Key drivers include robust retail sales (up 19%), exceptional e-commerce growth (125.9%), higher transaction counts, increased footfalls, and a significant rise in studded jewellery sales. The company achieved its highest-ever single-day festive sales.