P N Gadgil Jewellers Limited — Investor Meet, 19-08-2025: Analysts/Institutional Investor Meet/Con. Call Updates

P N Gadgil Jewellers reported robust Q1 FY26: Revenue rose ~3% YoY to ₹1,714.5 Cr, and PAT surged 97% to ₹69.34 Cr, with gross margin hitting 13.2% and PAT margin 4%. Growth was strong across retail, e-commerce (+126% YoY), and franchise (+109% YoY). The company is boosting lightweight jewellery (LiteStyle) and plans 20-23 new stores this FY, expanding to Central & North India. Management is confident on maintaining 3.5-4% PAT margins, fueled by increasing studded jewellery sales and strategic expansion, largely via internal funds.