PNGS Reva Diamo. Q3 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Published 17 Jul 2026 | Consumer Durables | Market Cap: ₹1.8K Cr
PNGS Reva Diamond Jewellery Limited plans to open 15 new stores over the next 24 months, with 6-8 stores expected in FY27 and the rest in FY28. PNGS Reva Diamond Jewellery plans to open 15 new COCO stores over the next 24 months, with 6-8 stores expected in FY27, enabling faster expansion due to lower capex per store (INR18-30 crores).
From PNGS Reva Diamo.'s Q3 FY26 earnings-call transcript · updated 23 Aug 2026.
Price
₹556
Market Cap
₹1.8K Cr
P/E Ratio
21.5
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Compare PNGS Reva Diamo. against every Consumer Durables company this quarter on revenue, margins and earnings-call signals.
PNGS Reva Diamo. — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹138 Cr, net profit ₹21 Cr.
Full financials →📊 Revenue & Sales Performance
- →PNGS Reva Diamond Jewellery Limited plans to open 15 new stores over the next 24 months, with 6-8 stores expected in FY27 and the rest in FY28.
- →Expansion largely focused in Maharashtra (55%-60%) and northern India (40%).
- →Shift to COCO model stores with lower capex (~INR18-30 crores per store) expected to enable faster expansion compared to traditional SIS stores.
- →Average COCO store revenue in initial quarter was around INR2.5 crores, with expected break-even in 12-18 months within Maharashtra and 18-24 months outside Maharashtra.
- →Footfall increased by 66% Q3 over Q2; Q3 revenue grew 40% QoQ; EBITDA up 74%; PAT up 82% indicating strong growth momentum.
- →Growth boosted by festive seasons in H2 (Navratri, Diwali, Christmas, New Year).
- →Overall business expected to scale with increasing number of stores and brand marketing efforts, though margins may see short-term pressure due to upfront costs.
📈 Profitability & Margins
- →PNGS Reva Diamond Jewellery plans to open 15 new COCO stores over the next 24 months, with 6-8 stores expected in FY27, enabling faster expansion due to lower capex per store (INR18-30 crores).
- →Initial margin impact expected: Marketing and operating expenses for expansion may dent EBITDA margins by 100-200 basis points for about 24-30 months but absolute profits should increase.
- →The transition to COCO stores targets higher growth and faster scale compared to SIS stores, which are limited by higher capex.
- →EBITDA margins have been strong (~20%-23%), expected to normalize slightly during expansion but sustain healthy profitability thereafter.
- →Operating margins expected near industry norms at 30%-40% gross profit margins on jewellery sales.
- →Revenue growth is seasonally influenced but Q3 showed 66% higher footfall vs Q2 and 40% revenue growth Q2 to Q3, indicating strong momentum.
- →Overall, earnings and EPS are expected to grow positively with scale and store expansion over the medium term.
🏗️ Capital Expenditure Plans
- →Average capex per store ranges between INR 18 crores to INR 30 crores depending on store size (small to large).
- →Inventory accounts for approximately 70% of the total capex.
- →Marketing capex is around INR 2 crores per store, spread over 8 to 18 months post-launch.
- →Planned expansion includes opening 15 new COCO (company-owned, company-operated) stores over the next 24 months:
- → - 6 to 8 stores expected in FY27
- → - Remaining stores in FY28
- →Approximately 55%-60% of new stores will be in Maharashtra; the rest mainly in North India.
- →The new COCO model requires lower capex compared to full-fledged plain gold jewellery stores, enabling faster expansion.
- →Total IPO proceeds of INR 380 crores used partly for capex and marketing, with INR 30 crores for IPO expenses.
💰 Fundraising & Capital Structure
- →The company planned an IPO primarily to raise growth capital for expanding its COCO store network.
- →IPO proceeds amount to INR380 crores, with INR30 crores allocated to IPO expenses and the remaining used for growth capital expenditure (GCP).
- →There is no mention of any immediate or future plans for additional fundraising through debt or equity beyond this IPO.
- →The focus is on using the IPO proceeds for opening 15 new COCO stores and accelerating growth.
- →No discussion about raising debt; the emphasis is on funding expansion through the equity from the IPO.
📋 Order Book & Pipeline
Key Metrics
Frequently Asked Questions
What were PNGS Reva Diamo. Q3 FY26 results?
PNGS Reva Diamond Jewellery Limited plans to open 15 new stores over the next 24 months, with 6-8 stores expected in FY27 and the rest in FY28. PNGS Reva Diamond Jewellery plans to open 15 new COCO stores over the next 24 months, with 6-8 stores expected in FY27, enabling faster expansion due to lower capex per store (INR18-30 crores).
What is PNGS Reva Diamo. share price analysis?
PNGS Reva Diamo. currently shows a neutral. The stock trades at a P/E of 21.5 with a market cap of ₹1,812 Cr. Investors should review the full earnings analysis for detailed insights.
Is PNGS Reva Diamo. planning capital expenditure?
Average capex per store ranges between INR 18 crores to INR 30 crores depending on store size (small to large).
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.