P N Gadgil Jewellers Ltd (BOM:544256)

Q2 2026 P N Gadgil Jewellers Ltd Earnings Call Transcript

Nov 13, 2025 / 09:30 AM GMT

Release Date Price: ₹661.65 (-1.33%)

Transcript

Key Points

Positve

P N Gadgil Jewellers Ltd (BOM:544256) reported a significant increase in gross profit, rising by almost 91% year over year.
The company expanded its store count to 63 by opening 8 new stores, including entering new markets in Indore, Madhya Pradesh, and Lucknow and Kanpur in Uttar Pradesh.
Net profit surged by 127% year over year, with the net profit margin rising to 3.6%.
The retail segment, which accounts for around 72.2% of total sales, showed a revenue growth of 29% year over year.
The company plans to open 13 to 15 new stores in the second half of the year, aiming for a total of 76 to 78 stores by March 2026.

Negative

The company experienced a technical error during the earnings call, which disrupted communication temporarily.
Despite the growth, the company faces challenges with high gold prices, which could impact consumer demand in the long term.
There is a concern about the sustainability of high other income, which includes gains from derivative instruments.
The company's app and online presence need improvements, as highlighted by customer feedback regarding usability issues.
The company has not yet ventured into lab-grown diamonds, which could be a missed opportunity given the rising interest in this segment.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

PNGD.NS - P N Gadgil Jewellers Ltd
Q2 2026 P N Gadgil Jewellers Ltd Earnings Call
Nov 13, 2025 / 09:30AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to the PN Gudgi Q2 and H1FY26 earnings conference call hosted by Motilal Osal Financial Services. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing, then 0 on your touchtone phone. Please note that this conference is being recorded.

I now hand the conference over to Mr. Naveen Trivedi from Motilal Oswal Financial Services.

Thank you and over to you, sir.

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Unidentified_2

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