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News Topical, Digital Desk : Jewelry retailer PN Gadgil reported a strong performance in the fourth quarter (Q4) of the financial year. Total revenue increased 124% year-on-year to ₹3,552 crore. The company recorded strong growth across all its key segments, reflecting its aggressive expansion strategy.
The company's retail segment recorded 102% year-over-year growth during Q4. Franchise operations saw a strong 132% increase. The e-commerce segment was also not far behind, registering 67% year-over-year growth.
PN Gadgil also achieved a strong 86% growth in Same-Store Sales Growth, reflecting the buoyant consumer demand and growing brand presence.
What are the company's plans?
On the expansion front, the company added 8 COCO stores (3 Legacy and 5 LiteStyle) and 4 FOCO stores (1 Legacy and 3 LiteStyle) during Q4. The company has stated that it will maintain its expansion momentum and plans to open 25 new stores in FY27.
The company has set lofty goals for the future. PN Gadgil has set a target of achieving revenues of ₹13,500 crore by FY27, representing annual growth of approximately 25%. The company is also aiming for a 7.5% EBITDA margin in FY27.
This performance reflects strong demand in the jewelry sector and the success of its brand expansion, which maintains growth expectations for the future.
Read More: PN Gadgil Q4 Update: Company earnings jump 124%, target ₹13,500 crore in FY27.
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