P N Gadgil Jewellers Ltd

Q4 FY26Consumer Durables

P N Gadgil Jewellers Q4 FY26 earnings call: Revenue & Margins

Q4 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹603

Market cap₹9.7K Cr

P/E21.6

Updated23 Aug 2026

Read4 min read

The short version

FY27 revenue guidance revised upward to INR 13,500 crores, from earlier INR 12,000 crores estimate. For FY27, P N Gadgil Jewellers Limited maintains guidance of: - Revenue: INR 13,500 crores - EBITDA margin: 7% to 7.5% - PAT margin: Around 4% - EBITDA for FY26 grew 90% YoY to INR 704 crores; P

From P N Gadgil Jewellers Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

FY27 revenue guidance revised upward to INR 13,500 crores, from earlier INR 12,000 crores estimate.
Continued strong momentum driven by healthy same-store growth and expansion outside Maharashtra, especially in UP, Bihar, MP, Gujarat, and Gurgaon.
Planned opening of 25 new stores in FY27: 5-7 COCO (Company Owned Company Operated) stores and around 20 franchise (FOCO) stores, primarily outside Maharashtra.
Volume growth seen in FY26: gold volumes up 27%, silver up 37%, diamond up 125% year-on-year.
Gold bars and coins segment expected to slow down in FY27, stabilizing at around 25% of sales versus 40% in Q4 FY26.

2 more points management made on revenue & sales performance

Profitability & Margins

For FY27, P N Gadgil Jewellers Limited maintains guidance of:
Revenue: INR 13,500 crores
EBITDA margin: 7% to 7.5%
PAT margin: Around 4%
EBITDA for FY26 grew 90% YoY to INR 704 crores; PAT grew 88% YoY to INR 410 crores
ROCE improved to 30.5%, ROE to 21% in FY26, indicating efficient capital use and profitability
Margin dip in Q4 FY26 viewed as one-time, mix-driven; expected to normalize with increased jewellery sales replacing gold bars/coins
Expansion plans for FY27 include 25 new stores (5-7 COCO stores, rest FOCO), mostly outside Maharashtra, supporting growth

2 more points management made on profitability & margins

See what P N Gadgil Jewellers Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Planned new store openings in FY27 include 5 COCO stores, 2 PNG legacy stores, and 3 LiteStyle stores.
Expansion into new locations such as Gurgaon, Lucknow (strengthening presence), and Gujarat.
Total planned new stores for FY27: 25 (5-7 COCO stores, balance franchise-owned company-operated (FOCO) stores).
Focus on an asset-light model with significant franchise (FOCO) presence to optimize capital expenditure.
No explicit mention of large capex or strategic investments beyond store expansions and geographic diversification.

2 more points management made on capital expenditure plans

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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

As of May 15th, 2026, P N Gadgil Jewellers Limited has discussed a Qualified Institutional Placement (QIP) aimed at raising equity capital for growth and reducing promoter shareholding to meet regulatory requirements.
The enabling board resolution for the QIP is valid until the end of August 2026.
Management has not commenced immediate plans for the QIP but will explore opportunities based on market conditions and sector outlook.
The company stated that their business is currently self-sufficient and the QIP is not an impediment to growth.

2 more points management made on fundraising & capital structure

See what P N Gadgil Jewellers Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The transcript provided does not explicitly mention details on current or expected order book or pending orders for P N Gadgil Jewellers Limited. However, relevant insights related to store expansions and sales outlook include: - Planned opening of 25 new stores in FY27: 5 Company-Owned Company-Operated (COCO) stores and 20 franchise-operated (FOCO) stores, mostly outside Maharashtra in locations like Gurgaon, Lucknow, Gujarat, Bihar, MP. - Continued strong demand with 10% revenue contribution from non-Maharashtra stores, showing healthy sales growth and inventory turns. - Expectation of steady recovery and growth in gold jewellery sales with a slowdown in bars and coins segment.

2 more points management made on order book & pipeline

P N Gadgil Jewellers Ltd — Quarterly revenue & net profit

Revenue Net profit

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹3.5K Cr, net profit ₹90 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

What P N Gadgil Jewe.'s management said in earlier quarters

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Frequently Asked Questions

What were P N Gadgil Jewellers Ltd Q4 FY26 results?

What is P N Gadgil Jewellers Ltd share price analysis?

P N Gadgil Jewellers Ltd currently shows a neutral. The stock trades at a P/E of 21.6 with a market cap of ₹9,697 Cr. Investors should review the full earnings analysis for detailed insights.

Is P N Gadgil Jewellers Ltd planning capital expenditure?

Planned new store openings in FY27 include 5 COCO stores, 2 PNG legacy stores, and 3 LiteStyle stores.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.