P N Gadgil Jewellers Q2 results: Profit rises 15% as retail sales and jewellery demand strengthen
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓P N Gadgil Jewellers reported a 14.9% profit rise to ₹121 crore for the September quarter.
- ✓Revenue grew 10.5% to ₹2,666.3 crore as retail sales and jewellery demand stayed strong.
- ✓Saurabh Gadgil said the company remained focused on disciplined expansion, particularly across Northern and Central India, with most store additions scheduled later.
Story at a Glance
- Category
- BUSINESS
- Reported By
- cnbctv18
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
Robust same-store sales growth and rising retail contributions drove sequential profit gains for the jeweller, bolstered by strong demand for studded and gold ornaments. Discover how the newly acquired silver brand and regional expansion plans will shape upcoming quarterly margins.
P N Gadgil Jewellers reported a 14.9% quarter-on-quarter increase in profit after tax to ₹121 crore for the September quarter, compared with ₹105.3 crore in the previous quarter, supported by higher revenue and improved operating performance.
Revenue rose 10.5% sequentially to ₹2,666.3 crore from ₹2,413 crore. Earnings before interest, taxes, depreciation and amortisation (EBITDA) increased 13.7% to ₹207.3 crore from ₹182.4 crore, while the EBITDA margin expanded to 7.7% from 7.56%.
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