INSUBCONTINENT EXCLUSIVE:
Shares of P N Gadgil Jewellers will be in focus on Tuesday after the company reported a 2.8% year-on-year (YoY) increase in total revenue to
Rs 1,714 crore for the first quarter of FY26, up from Rs 1,668 crore in the same period last year, according to its exchange
filing.Excluding the discontinued refinery segment, revenue grew 30.4% YoY.Also Read: 10 Nifty large-cap stocks with up to 38 buy calls;
analysts see up to 20% upsideThe retail segment, which contributes over 70% of total revenue, grew 19.4% YoY
The company also recorded its highest-ever single-day festive sales on Akshaya Tritiya, generating Rs 139.53 crore, a 35.1% jump compared to
the previous year.Franchise operations surged 109% YoY, contributing 15.7% to revenue, while e-commerce sales more than doubled, growing
The share of studded jewellery also rose sharply by 41.6%, lifting the stud ratio to 10% of retail sales.
Live EventsThe company launched a
such as Maharashtra, Uttar Pradesh, and Madhya Pradesh.Also Read: Street favourite! 10 BSE large-cap stocks analysts expect to rally up to
70%According to Trendlyne, the average target price for P N Gadgil is Rs 825, implying a potential upside of nearly 35% from current levels
These do not represent the views of the Economic Times)
