PN Gadgil Jewellers Projects FY26 Revenue Above ₹10,000 Crore, Targets 4% Profit Margin

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PN Gadgil Jewellers Targets ₹10,000 Crore Revenue, 4% Profit by FY26

PN Gadgil Jewellers Targets ₹10,000 Crore Revenue, 4% Profit by FY26

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CNBC TV18•11-02-2026, 09:30

PN Gadgil Jewellers Targets ₹10,000 Crore Revenue, 4% Profit by FY26

•PN Gadgil Jewellers projects FY26 revenue to exceed ₹10,000 crore with a 4% profit after tax (PAT) margin.
•Growth is driven by strong studded jewellery performance and an expanding store network, aiming for 80 stores by March 2026 and 105 by March 2027.
•Q3FY26 saw a 35.6% revenue increase to ₹3,302.6 crore, with EBITDA doubling to ₹244.17 crore and PAT rising to ₹170.9 crore.
•The company focuses on increasing studded jewellery's share in its product mix and maintaining margin stability.
•EBITDA margins of 7-7.5% and PAT margins of 4% are deemed sustainable, with debt expected to be ₹1,000-1,100 crore by year-end.

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