P N Gadgil Jewellers Ltd (NSE:PNGJL)

Q1 2026 P N Gadgil Jewellers Ltd Earnings Call Transcript

Aug 13, 2025 / 09:30 AM GMT

Release Date Price: ₹571.2 (-1.63%)

Transcript

Key Points

Positve

P N Gadgil Jewellers Ltd (BOM:544256) reported a 2.8% year-on-year growth in consolidated revenue from operations, reaching INR 17,145 million.
The company achieved an 85.4% year-on-year growth in EBITDA, marking a significant improvement in profitability.
Gross margins improved from 8.3% to 13.2%, indicating better cost management and product mix.
The retail segment, contributing 70.3% of total sales, delivered a 19% year-on-year revenue growth.
E-commerce and franchisee segments showed exceptional growth, with e-commerce revenue surging by 126% and franchisee revenue rising by 109% year-on-year.

Negative

The company faced a notional hedging loss due to fluctuations in gold prices, impacting financial performance.
Despite an increase in gross margins, the improvement is not fully reflected in the bottom line, with PAT margin remaining around 4%.
The rising gold prices have led to a flat volume growth, with value growth driven primarily by price increases.
The expansion into new geographies poses challenges in competing with established players and adapting to local market preferences.
Increased marketing expenses due to expansion plans have led to higher other expenses, impacting overall profitability.

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

PNGD.NS - P N Gadgil Jewellers Ltd
Q1 2026 P N Gadgil Jewellers Ltd Earnings Call
Aug 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 PN Gardel Jewelers Limited Q1F526 earnings conference call hosted by Motila Losar. 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 completes. Should you need assistance during this conference call, please signal an operator by pressing and 0 on your touchstone phone. Please note that this conference is being recorded and now hand the conference over to Mr. Naveen Trimedi.

Thank you and over to you, sir.

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Unidentified_2 [2]
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