P N Gadgil Jewellers Limited — Investor Meet, 18-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

PNG Jewellers saw a stellar Q2 & H1 FY26. The financial results for the half-year showed revenue at ₹3,892 Cr, with net profit surging 111.6% YoY to ₹148.7 Cr (3.8% margin). For Q2, revenue stood at ₹2,177.6 Cr, and net profit was up 127% YoY to ₹79.3 Cr. Festive sales were record-breaking, including over ₹1,800 Cr in October.

Management is optimistic, continuing its PAN-India expansion with a target of 76-78 stores by March 2026, including new markets like UP, MP, and Bihar. Despite high gold prices, consumer demand for jewellery remains robust, supported by strong festive momentum and increasing adoption of design-led studded jewellery. The company's outlook is confident.