The company reported an 8.8% year-on-year (YoY) increase in revenue, with ex-refinery sales surging 31.4%, underscoring strong consumer demand and operational efficiency.
Profitability saw a sharp upswing, with EBITDA up 117% YoY and PAT rising 127% YoY. Margins also strengthened significantly — EBITDA margin improved to 6.6% (from 3.3% a year earlier), while PAT margin doubled to 3.6% (from 1.7%). Earnings per share rose to ₹2.57, compared to ₹1.13 in the same period last year.
For the first half of FY26, PN Gadgil Jewellers posted a 6.1% increase in revenue, EBITDA growth of 101%, and PAT up 113%, reflecting consistent performance momentum.
Across business verticals, retail sales climbed 28.9%, e-commerce surged 113.2%, and the franchise segment grew 104.7% YoY. Product-wise, gold sales rose 24% in value and 15% in volume over the previous quarter, while silver recorded a remarkable 92% jump in value and 59% in volume. Diamond sales also strengthened, with volume up 31% QoQ and the stud ratio reaching 9%, highlighting growing consumer preference for studded jewellery.
The strong Q2 performance reinforces PN Gadgil Jewellers’ position as one of India’s leading heritage jewellers successfully balancing tradition with modern retail innovation.