PN Gadgil Jewellers targets Rs 9,500 crore Revenue, 4% PAT margin in FY26

PN Gadgil Jewellers, one of India’s leading jewellery retailers, is targeting revenue of Rs 9,500 crore in FY26, according to its Chairman and Managing Director, Saurabh Vidyadhar Gadgil. “Franchisee business should be around 12% of our entire business for the year. We’re targeting Rs 9,000-9,500 crore for the year, of which Rs 1,000 crore should come from the franchisee side, and franchisee is a net income of around 2.5-3%. We should maintain a PAT (Profit After Tax) margin of 4% throughout the year,” he reportedly said.

“There is no demand from the consumers for LGDs. As of now, the natural demand is very strong and consumers are looking at fine jewellery with only natural diamonds,” he said. He observed that high gold prices have led to a rise in customers exchanging old gold for new jewellery, with such exchanges now accounting for 40-45% of transactions.