P N Gadgil Jewellers reports 22.4% Q2 revenue growth
In short
P N Gadgil Jewellers said its revenue rose 22.4% year on year in the second quarter of FY27. Retail revenue grew 31.1%, and same-store sales were up 25.5%. It also sold less gold coin and more studded jewellery.
This matters because stronger retail sales can help the jeweller’s margins and growth. The report does not say how much of the rise came from the shifting festive season.
What the reporting says
P N Gadgil Jewellers reported 22.4% year-on-year revenue growth in the second quarter of FY27, with retail revenue up 31.1% and same-store sales growth at 25.5%. The update said the festive Navratri period shifted to the third quarter this year, and the company reduced reliance on lower-margin gold coin sales while increasing studded jewellery contribution. It is not stated how much of the gain was seasonal versus structural.
Why it matters
P N Gadgil Jewellers reported 22.4% year-on-year revenue growth in Q2 FY27, with retail revenue up 31.1% and same-store sales growth of 25.5%. The company also said the Navratri festive period shifted into the third quarter and that it lowered dependence on lower-margin gold coin sales while lifting studded jewellery contribution. The immediate market takeaway is stronger operating momentum, but the exact split between festival timing and underlying demand is not stated.