Profit before tax (PBT) increased 51.63% YoY to Rs 140.59 crore during the quarter.

EBITDA stood at Rs 192.41 crore during the quarter, registering the growth of 56.6% compared with Rs 122.85 crore posted in corresponding quarter last year. EBITDA margin improved 80 bps to 8% in Q1 FY27 as against 7.2% in Q1 FY26.

The company's retail segment continued to strengthen, with revenue rising 56.4% YoY to Rs 1,885.10 crore. Consequently, retail contributed 78% of total revenue in Q1 FY27, up from 70% a year earlier, reflecting the company's continued focus on expanding its higher-margin retail business.

The company delivered a robust same-store sales growth (SSSG) of 46.1%YoY, driven by healthy customer footfalls and higher transaction volumes.

Across product categories, the diamond segment maintained strong momentum, recording 29% growth in value and 26% growth in volume. The gold category posted a 54% increase in value, while volumes remained broadly stable, declining just 1% YoY despite elevated gold prices. Meanwhile, the silver category registered a 131% increase in value, although volumes softened 7% YoY.

As of 30 June 2026, the company operated 78 stores, comprising 77 in India and one in the U.S. It plans to open a few new stores in Q2 FY27, with the bulk of its expansion scheduled for Q3 and Q4 FY27 in line with its phased rollout strategy.

P N Gadgil Jewellers is one of the oldest jewellery companies in India, with customers across India and the USA. The company offers a wide range of gold, silver, diamond, and platinum jewellery for weddings, festivals, and daily wear. The portfolio also includes a dedicated sub-brand, Litestyle by PNG, catering to the growing demand for stylish and lightweight jewellery.