PN Gadgil Jewellers’ Q1 profit jumps 52% to Rs 105.33 crore as revenue rises to Rs 2,423 crore
AI Market Summary
PN Gadgil Jewellers reported strong Q1 FY2026 earnings, with profits up 52% and revenue up 40%, reflecting resilient jewellery demand despite elevated gold prices. The company also increased gold hedge coverage to ~70% and targets 80%+, reducing near-term exposure to gold volatility. While positive for the firm, this is unlikely to materially shift broader gold markets; it modestly reinforces end-demand stability.
Impact level
● Low
Affected assets
NCCOGOLD2USD/USDT-1.16%
AI Insight · NCCOGOLD2USD/USDTAI Insight
● Neutral
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PN Gadgil Jewellers reported a 52% year-on-year rise in consolidated net profit to Rs 105.33 crore for the quarter ended June. Total income increased 40% to Rs 2,423 crore. Gold value rose 54% while volumes were broadly stable, diamond value increased 29%, and silver value surged 131%. The company said it plans to expand its store network this fiscal and lift gold hedge coverage to over 80%.
