PN Gadgil raises FY26 guidance: revenue to top ₹10,000 cr, PAT margin near 4%
PNG lifts FY26 targets above earlier ₹9,500 cr/3.75% PAT after Q3 revenue jumped 35.6% YoY to ₹3,302.6 cr and PAT doubled to ₹170.9 cr. SSSG crossed 33% in December. Store count to reach 80 by March 2026 and 105 by March 2027, with sustainable EBITDA guided at 7–7.5%.
PN Gadgil Jewellers guides FY26 revenue above ₹10,000 cr and ~4% PAT margin, beating earlier targets. Q3FY26 revenue rose 35.6% to ₹3,302.6 cr, PAT doubled to ₹170.9 cr. Expanding to 105 stores by March 2027.
Why this matters
Second guidance upgrade from PNG, reinforcing its FY26 ₹10,000 cr revenue and ~4% PAT margin trajectory backed by studded push and UP/Bihar expansion.
Retail-company signals steady at 124 in last 90 days, with jewellery expansion a recurring thread.