Archive · 8 Oct 2026
P N Gadgil Jewellers Reports Strong Second-Quarter Revenue Growth
P N Gadgil Jewellers said its revenue grew in the second quarter of FY27.
Revenue was 22.4% higher than in the same quarter a year earlier.
Sales in its retail business grew even faster, by 31.1%.
Stores that had been open for a while also recorded 25.5% growth in sales.
The company said this happened even though Navratri fell in the next quarter this year.
It also relied less on gold coin sales, which have lower margins.
Studded jewellery made up a larger part of its sales.
P N Gadgil Jewellers reported 22.4% year-on-year revenue growth in the second quarter of FY27.
Retail revenue increased 31.1% year-on-year.
Same-store sales growth was 25.5%.
The company reported growth despite Navratri shifting to the third quarter this year.
It reduced reliance on lower-margin gold coin sales and increased studded jewellery’s contribution.
- Who
- P N Gadgil Jewellers Ltd.
- What
- Reported 22.4% year-on-year revenue growth, 31.1% retail revenue growth, and 25.5% same-store sales growth.
- When
- The second quarter of FY27.
- Why
- The article reports the growth and changes in sales mix but does not state a definitive cause.
- Revenue growth
- 22.4% year-on-year
- Retail revenue growth
- 31.1% year-on-year
- Same-store sales growth
- 25.5%
- Reporting period
- Second quarter of FY27
- Festive period
- Navratri shifted to the third quarter this year
- Sales mix
- Reduced dependence on lower-margin gold coin sales and increased the contribution of studded jewellery