PN Gadgil guides FY26 revenue past ₹10,000 cr, PAT margin near 4% on studded push, UP/Bihar expansion
PNG raised FY26 guidance to ₹10,000+ cr revenue with ~4% PAT margin after Q3FY26 revenue jumped 35.6% YoY to ₹3,302.6 cr and PAT doubled to ₹170.9 cr. SSSG topped 33% at end-December; silver volumes rose 50%. Store count to hit 80 by March 2026 and 105 by March 2027, with sustainable EBITDA margin seen at 7-7.5%.
PN Gadgil Jewellers raised FY26 guidance to ₹10,000+ cr revenue and ~4% PAT margin, driven by studded jewellery, new stores in UP/Bihar, and 33%+ SSSG. Q3FY26 revenue rose 35.6%, PAT doubled. Plans 105 stores by March 2027.