1 month ago
PN Gadgil Jewellers Q1 Profit Rises 52% to ₹105 Crore
PN Gadgil Jewellers, a big jewelry company in India, made a lot more money in the first three months of this year.
They earned ₹105.33 crore, which is 52% more than last year.
This happened because they sold more jewelry, especially gold and silver.
They also have plans to open more stores and protect themselves from changes in gold prices.
PN Gadgil Jewellers reported a 52% increase in net profit to ₹105.33 crore for Q1.
Total income grew to ₹2,423 crore, up from ₹1,727.44 crore in the previous year.
Diamond category saw 29% growth in value and 26% in volume.
Gold category recorded 54% growth in value with stable volumes.
Silver category registered 131% growth in value despite a 7% decrease in volume.
The company plans to open more retail stores and increase hedge coverage to 80%.
- Who
- PN Gadgil Jewellers Ltd
- What
- Reported a 52% increase in net profit for Q1
- Where
- India and the US
- When
- Quarter ended June 2026
- Why
- Due to higher revenue and robust jewellery sales
Expansion Strategy
Risk Management
Store Expansion
Expansion Strategy
The company plans to open more retail stores this fiscal year to expand its market reach.
Risk Management
The company aims to increase hedge coverage to over 80% to reduce exposure to gold price volatility.
Key facts
- Net Profit
- ₹105.33 crore
- Revenue
- ₹2,423 crore
- Diamond Growth
- 29% in value, 26% in volume
- Gold Growth
- 54% in value, 1% decrease in volume
- Silver Growth
- 131% in value, 7% decrease in volume
- Hedge Coverage
- 70% (aiming for 80%)
- Number of Stores
- 78 (77 in India, 1 in the US)
Sources
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