P N Gadgil Jewellers to utilise its 86% Q4 SSSG into a 78-store Pan-India retail outlets

P N Gadgil Jewellers reported a strong March quarter, helped by wedding demand, festive buying and higher consumer interest in gold. For FY26, revenue increased 40% YoY to Rs 10,739 crore, crossing the Rs 10,000-crore mark for the first time. Profit rose 88% YoY to Rs 410 crore.

The quarter was supported by strong event-led sales. The company recorded sales of Rs 365 crore on Foundation Day. It also reported Rs 171 crore of sales during Gudi Padwa and Rs 225 crore through its Gratitude Day offer. Management said demand remained healthy across retail, franchise and e-commerce channels.

While retail remained the main business engine, store expansion was a key growth driver. P N Gadgil added 12 stores in Q4 FY26, including company-owned and franchise-operated formats. For the full year, it added 25 stores, taking the network to 78 stores across 36 cities as of March 2026. The company also entered new markets such as Uttar Pradesh, with stores in Gorakhpur and Banaras.

Retail revenue grew 51% YoY to Rs 8,131 crore in FY26, helped by wedding and festival demand, improved product mix and new store contribution.