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- Financial Update
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The company delivered strong Q1 FY27 results, with revenue up 41% to INR 2,413 crores, EBITDA up 57% to INR 192.4 crores (8% margin), and PAT up 52% to INR 105.3 crores (4.4% margin). Retail sales grew 56% with 46% SSSG. Studded jewellery in retail improved to 10.9%, and Litestyle by PNG saw 32.9% studded ratio.
Management plans to open approximately 25 new stores this fiscal year, primarily franchise-led, aiming for 103 stores by year-end. Cost management efforts are underway, reducing marketing expenses. The company targets 80% hedging by Q3, aiming for full hedging next fiscal year, alongside a strategic debt reduction plan.