P N Gadgil Jewellers Limited · NSE:PNGJL
P N Gadgil Jewellers — Q1 FY26 Earnings Presentation
52 slides from P N Gadgil Jewellers's earnings presentation, Aug 12, 2025
Slide 1: Exchange filing cover letter
Date: August 12, 2025 To, To, BSE Limited, National Stock Exchange of India Limited, Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block-G, BKC, Dalal Street, Mumbai – 400001 Bandra (East), Mumbai – 400051 Scrip Code: 544256 Symbol: PNGJL Subject: Investor Presentation Dear Sir/Madam, Pursuant to
Slide 2: P N Gadgil Jewellers Limited Investor Presentation - August 2025
P N Gadgil Jewellers Limited Investor Presentation - August 2025
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by P N Gadgil Jewellers Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any s
Slide 4: Agenda
Agenda 01 02 03 04 05 Company Investment Strategic Q1FY26 Financial Overview Highlights Overview Highlights Overview 3 Investor Presentation – Q1FY26
Slide 5: From 1832 to Today: The Evolution of PNG Jewellers
From 1832 to Today: The Evolution of PNG Jewellers Resilience Shown in Era of Expansion & Rich Legacy Acceleration Phase Covid Phase Recognition 1832 2008-2019 2020-2022 2023-2025 ➢ 1832: Shri Ganesh Narayan Gadgil ➢ 2008: Launched the first ➢ 2020: "MOTHERINDIA", best ad- ➢ 2023: Industry Legend Aw
Slide 6: P N Gadgil Jewellers: Maharashtra's Most Trusted Jewellers
P N Gadgil Jewellers: Maharashtra’s Most Trusted Jewellers Known for embracing consumer One of India’s oldest and most friendly practices like hallmarking and trusted jewellery brands quality standards Caters to diverse occasions, from Family-run business with a weddings to daily wear and legacy of
Slide 7: P N Gadgil Jewellers at a Glance
P N Gadgil Jewellers at a Glance ~192 6th 1,01,349 Rs 39,663 Average Revenue per Sq Total SKU’s Years of Presence Generations Business Ft for Q1 FY26 55 27 311.7 Mn 10% Average Revenue per Approx. Stud Ratio Q1 No. of Stores Cities Presence in World Store for Q1 FY26 FY26 (As a % of Retail Sales) 1,
Slide 8: Agenda
Agenda 01 02 03 04 05 Company Investment Strategic Q1FY26 Financial Overview Highlights Overview Highlights Overview 7 Investor Presentation – Q1FY26
Slide 9: Brief Overview
Brief Overview P N Gadgil Jewellers is the second largest among the prominent 01 organized jewellery players in Maharashtra, in terms of number of stores Fastest growing jewellery brand amongst the key organized 02 jewellery players in India One-Stop-Shop with wide range of jewellery products includ
Slide 10: Golden Growth: Unlocking the Potential of India's Jewellery Market
Golden Growth: Unlocking the Potential of India's Jewellery Market • Jewellery market contributes 7% to India’s GDP and 15.7% to Share of Organized Jewellery in Retail Market is Rising 2nd 850 Tn India’s total merchandise exports Organised Unorganised Largest gold market in Average gold consumption
Slide 11: Emerging Opportunities and Consumer Preferences in India's Premium Jewellery Market
Emerging Opportunities and Consumer Preferences in India's Premium Jewellery Market Opportunities for growth in India's luxury jewellery sector Factors Driving Preferences For Jewellery Purchases India: A Global Luxury Rising HNI Concentration Post-Pandemic Luxury Bright Spot Fuels Demand Recovery •
Slide 12: Understanding Gold Retail: Insights and Trends
Understanding Gold Retail: Insights and Trends Seasonal and regional factors to drive demand Unique Advantages of Gold Retailing Breakup of gold consumption by jewellery, bars and coins in India (by value) Gold jewellery holds aspirational value in India Marriage Seasons: 34% 38% Gold, whether sold
Slide 13: Shifting Consumer Trends: A Turning Point for the Indian Jewellery Market
Shifting Consumer Trends: A Turning Point for the Indian Jewellery Market Young consumers prefer lightweight jewellery with trendy 01 designs Shift towards “consumption of jewellery” rather than pure 02 “investment” Frequency of purchase by consumers have gone up due to rising 03 disposable income I
Slide 14: Our Focus on Maharashtra - A land of limitless opportunities
Our Focus on Maharashtra - A land of limitless opportunities Maharashtra Is The Preferred Retail Jewellery Market In India Maharashtra leads India in Mumbai has the highest total retail spending, number of BIS-registered gold accounting for around 15% or jewellery stores in India at USD140b in FY23
Slide 15: Maximizing Brand Presence through Strategic Store Placement
Maximizing Brand Presence through Strategic Store Placement Maharashtra Maharashtra and Goa together contribute ~13.5% to India’s GDP and are part of Akola Nagpur (Itwari) Western India, which accounts for around Nagpur (Abhyankar Nagar) 25% of the country’s gold demand. Our deep presence across met
Slide 16: Strategically Selected Store Locations Covering Our Target Consumers
Strategically Selected Store Locations Covering Our Target Consumers Company Stores Company Stores Company Stores Location Open Area (sq. ft) Location Open Area (sq. ft) Location Open Area (sq. ft) Laxmi Road (Gold) Feb-58 4,536 Aundh Jul-23 4,080 Kharadi (LiteStyle) Jun-25 2,551 Laxmi Road (Silver)
Slide 17: A Glimpse of Our Current Stores
A Glimpse of Our Current Stores 16 Investor Presentation – Q1FY26
Slide 18: We Dominate Gold Jewellery Segment in our Catchment Markets
We Dominate Gold Jewellery Segment in our Catchment Markets with Growing Momentum in Studded Jewellery Gold Products Diamond Products Silver & Platinum Products Earrings Rings Pendant Earrings Rings Necklace Silver Article Lotus Diya Rakhi Necklace Bracelet Mangalsutra Pendant Mangalsutra Bracelet D
Slide 19: Gold Jewellery Collections Targeting Different Occasions
Gold Jewellery Collections Targeting Different Occasions The Golden Katha of Collections Saptam Swarajya Rings of Love Flip Craftsmanship Retail Stores & Retail Stores & Retail Stores & Retail Stores & Retail Stores & Distributions E-Commerce E-Commerce E-Commerce E-Commerce E-Commerce Collection We
Slide 20: Gold, Diamond & Platinum Jewellery Collections Targeting Different Occasions
Gold, Diamond & Platinum Jewellery Collections Targeting Different Occasions Collections Pratha Yoddha Mangalsutra Antique Eiina PNG Solitaire Retail Stores & Retail Stores & Retail Stores & Retail Stores & Retail Stores & Distributions E-Commerce E-Commerce E-Commerce E-Commerce E-Commerce Collecti
Slide 21: Gold, Diamond & Platinum Jewellery Collections Targeting Different Occasions
Gold, Diamond & Platinum Jewellery Collections Targeting Different Occasions Collections Colors By PNG Fura Polmi Men of Platinum Evergreen Love Retail Stores & Retail Stores & Retail Stores & Retail Stores & Retail Stores & Distributions E-Commerce E-Commerce E-Commerce E-Commerce E-Commerce Collec
Slide 22: Our Brand Ambassadors: Icons of Elegance and Tradition
Our Brand Ambassadors: Icons of Elegance and Tradition Brand Ambassadors Celebrity Endorsements Bhagyashree Limaye Sonalee Kulkarni Shreya Bugade Madhuri Dixit Mukta Barve Swapnil Joshi & Tejaswini Pandit 21 Investor Presentation – Q1FY26
Slide 23: "Customer First" Approach: Offering Top Value-Added Schemes
“Customer First” Approach: Offering Top Value-Added Schemes Future Purchase Plan (FPP) Dajikaka Promise Plan (DPP) Golden Gain Plan (GGP) Suvarna Laxmi Labh Plan (SLLP) Our Future Purchase Plan is The Dajikaka Promise Plan is a The Golden Gain Plan helps The Suvarna Laxmi Labh Plan designed for cust
Slide 24: Streamlined operations with Standardized processes allow us scale new stores
Streamlined operations with Standardized processes allow us scale new stores with quick “time-to-market” Inventory Design Procurement Quality Control Management A constantly evolving design library, Store-Level Procurement Hallmark, finish, polish & PNG Implemented ERP to track end-to- strengthened
Slide 25: Well-Established Brand in Maharashtra
Well-Established Brand in Maharashtra Innovative Designs for Individual Legacy & Heritage Requirements ➢ Strong brand recall and presence in Maharashtra ➢ Regular interactions with team for designes ➢ Leveraged the knowledge and deployed at the Karigars’ understanding of customer preferences to ➢ In
Slide 26: Effective Marketing Strategy with Proven Strong ROI
Effective Marketing Strategy with Proven Strong ROI Advertisement Strategy Branding Strategy Digital Marketing Strategy Location Based Targeting Brand Ambassadors Social Media Presence ➢ Established ‘Parampara Exhibition’ to create brand ➢ Our brand ambassador Madhuri Dixit beautifully ➢ Driving cus
Slide 27: Our Passionate and Experienced Management Team
Our Passionate and Experienced Management Team Dr. Saurabh Gadgil Mr. Kiran Firodiya Mr. Parag Gadgil Mrs. Radhika S Gadgil (Chairman & Managing Director) (Executive Director & CFO) (Executive Director) (Executive Director) • He has been on the Board of our Company since • He has been on the Board o
Slide 28: Our E-commerce Footprint: Present Marketplaces and Future Frontiers
Our E-commerce Footprint: Present Marketplaces and Future Frontiers pngjewellers.com Tata Cliq Amazon Strengthened our festive assortment by launching a curated Rakhi collection on Zepto Ajio Flipkart Myntra Future Target Channels Click here to explore our website: www.pngjewellers.com 27 Investor P
Slide 29: Regular Coverage by Top Media Houses in the Country
Regular Coverage by Top Media Houses in the Country Einna collection in Maharashtra Exclusive jewellery brand to bag Great Saptam collection in Loksatta Katha collection in The Times of India Most awarded jeweller in Maharashtra Times Pune Plus Place to Work award twice Advertisement on Hotstar Adve
Slide 30: Regular Coverage by Top Media Houses in the Country
Regular Coverage by Top Media Houses in the Country 29 Investor Presentation – Q1FY26
Slide 31: Rich Accolades and Awards Won
Rich Accolades and Awards Won For Multiple Successful Milestones in Retail Business & Jewellery Excellence Key Awards Q4 FY25 Excellence in Redefining the Jewellery Award for Outstanding Contribution Hall of Fame – IPO Excellence IBJA Jeweller of the month CSR Great Place to Work - Retail Industry A
Slide 32: Some of Our Movie Associations
Some of Our Movie Associations 31 Investor Presentation – Q1FY26
Slide 33: Agenda
Agenda 01 02 03 04 05 Company Investment Strategic Q1FY26 Financial Overview Highlights Overview Highlights Overview 32 Investor Presentation – Q1FY26
Slide 34: Scaling New Markets: A Strategic Roadmap for Sustainable Growth
Scaling New Markets: A Strategic Roadmap for Sustainable Growth 1 2 3 Pan India Scaling to Accelerating Digital Expanding our Create a National Expansion & Elevating LiteStyle Segment brand Customer Engagement Personalization, digital tools & design innovation Building on our Trusted Brand & Rich Le
Slide 35: Expanding Horizons with LiteStyle by PNG: Jewellery for the Go-Getters
Expanding Horizons with LiteStyle by PNG: Jewellery for the Go-Getters LiteStyle by PNG Jewellers is created for the modern, ambitious & dynamic generation that's always on the move. Whether conquering boardrooms or networking at social events, this generation needs jewellery that complements their
Slide 36: LiteStyle by PNG – Where Elegance Meets Everyday
LiteStyle by PNG – Where Elegance Meets Everyday EXPAND PAN INDIA PRESENCE BECOME A HOUSEHOLD NAME 1 5 Strengthen offline footprint through Position LiteStyle as the go-to choice exclusive LiteStyle stores, while for modern generations, specifically enhancing digital outreach to capture a working pr
Slide 37: LiteStyle by PNG – Where Elegance Meets Everyday
LiteStyle by PNG – Where Elegance Meets Everyday LiteStyle is a contemporary sub-brand of P N Gadgil Jewellers offering lightweight gold and diamond jewellery tailored for modern, style-conscious professionals, particularly in the 25–35 age group. It combines effortless elegance with everyday practi
Slide 38: Agenda
Agenda 01 02 03 04 05 Company Investment Strategic Q1FY26 Financial Overview Highlights Overview Highlights Overview 37 Investor Presentation – Q1FY26
Slide 39: Financial Performance in Q1 FY26
Financial Performance in Q1 FY26 Y-o-Y Change Q1 FY26 Store Count +16 Stores Revenue from Operations 55 2.8% INR 17,145.6 Mn 13 39 11 EBITDA 85.4% INR 1,228.5 Mn 42 28 +320 EBITDA Margins Q1 FY25 Q1 FY26 Bps 7.2% COCO FOCO PAT Particulars (INR Mn) Q1 FY25 Q1 FY26 96.3% INR 693.4 Mn Revenue Excl. Ref
Slide 40: Segmental Performance Highlights
Segmental Performance Highlights Retail (INR Mn) E-commerce (INR Mn) +19.4% +125.9% 12,053 10,092 661 293 Q1FY25 Q1FY26 Q1 FY25 Q1 FY26 Franchisee (INR Mn) Others (INR Mn) +108.7% -65.3% 2,693 5,007 1,290 1,738 Q1FY25 Q1FY26 Q1FY25 Q1FY26 Note - The ‘Others’ segment pertains to B2B bullion sales, pa
Slide 41: Quarterly Consolidated Income Statement
Quarterly Consolidated Income Statement Particulars (INR Mn) Q1 FY26 Q1 FY25 Y-o-Y Q4 FY25 Q-o-Q Revenue from Operations 17,145.6 16,681.8 2.8% 15,882.2 8.0% Other Income 128.8 19.3 149.3 Total Income 17,274.5 16,701.1 3.4% 16,031.5 7.8% Total Raw Material 14,886.9 15,296.2 13,973.4 Gross Profit 2,2
Slide 42: Quarterly Standalone Income Statement
Quarterly Standalone Income Statement Particulars (INR Mn) Q1 FY26 Q1 FY25 Y-o-Y Q4 FY25 Q-o-Q Revenue from Operations 17,024.2 16,479.2 3.3% 15,742.5 8.1% Other Income 128.4 18.4 148.3 Total Income 17,152.6 16,497.7 4.0% 15,890.7 7.9% Total Raw Material 14,824.6 15,138.1 13,870.2 Gross Profit 2,199
Slide 43: Q1 FY26 Milestone: Strengthening Our Retail Footprint with 2 New LiteStyle Stores
Q1 FY26 Milestone: Strengthening Our Retail Footprint with 2 New LiteStyle Stores Kharadi Wakad 42 Investor Presentation – Q1FY26
Slide 44: Agenda
Agenda 01 02 03 04 05 Company Investment Strategic Q1FY26 Financial Overview Highlights Overview Highlights Overview 43 Investor Presentation – Q1FY26
Slide 45: Financial & Operational Snapshot
Financial & Operational Snapshot Consistent growth in revenues with operational efficiencies leading to increase in EBITDA and PAT Revenue (INR Mn) EBITDA (INR Mn) and EBITDA Margin (%) PAT (INR Mn) and PAT Margin (%) 76,935 3,710 2,183 61,120 2,785 7.2% 1,551 45,073 4.8% 4.0% 1,743 4.6% 935 2.8% 1,
Slide 46: Consolidated Income Statement
Consolidated Income Statement Particulars (INR Mn) FY24 FY25 Q1 FY26 Revenue from Operations 61,120.2 76,934.7 17,145.6 Other Income 71.9 351.2 128.8 Total Income 61,192.1 77,285.8 17,274.5 Total Raw Material 55,972.1 69,898.4 14,886.9 Gross Profit 5,148.2 7,036.3 2,258.7 Gross Profit Margin (%) 8.4
Slide 47: Standalone Income Statement
Standalone Income Statement Particulars (INR Mn) FY24 FY25 Q1 FY26 Revenue from Operations 60,320.0 76,305.5 17,024.2 Other Income 57.0 298.4 128.4 Total Income 60,376.9 76,603.9 17,152.6 Total Raw Material 55,335.6 69,442.1 14,824.6 Gross Profit 4,984.4 6,863.4 2,199.6 Gross Profit Margin (%) 8.3%
Slide 48: Consolidated Balance Sheet
Consolidated Balance Sheet ASSETS (INR Mn) Mar-24 Mar-25 EQUITY AND LIABILITIES ( (INR Mn) Mar-24 Mar-25 Non-current assets (a) Equity share capital 1,180.0 1,357.1 Property, plant and equipment 1,502.0 1,871.0 (b) Other equity 4,164.4 14,182.3 Capital work‐in‐progress 35.2 35.2 (b) Non-controlling
Slide 49: Standalone Balance Sheet
Standalone Balance Sheet ASSETS (INR Mn) Mar-24 Mar-25 EQUITY AND LIABILITIES ( (INR Mn) Mar-24 Mar-25 Non-current assets (a) Equity share capital 1,180.0 1,357.1 Property, plant and equipment 1,457.2 1,812.6 (b) Other equity 4,338.9 14,328.8 Capital work‐in‐progress 35.2 35.2 Total Equity 5,518.9 1
Slide 50: Consolidated Cashflow Statement
Consolidated Cashflow Statement Particulars (INR Mn) Mar-24 Mar-25 Cash Flow from Operating Activities Profit before Tax 2,094.4 2,931.1 Adjustment for Non-Operating Items 855.2 676.3 Operating Profit before Working Capital Changes 2,949.6 3,607.3 Changes in Working Capital -2,506.9 -9,529.1 Cash Ge
Slide 51: Standalone Cashflow Statement
Standalone Cashflow Statement Particulars (INR Mn) Mar-24 Mar-25 Cash Flow from Operating Activities Profit before Tax 2,084.3 2,895.3 Adjustment for Non-Operating Items 649.1 576.5 Operating Profit before Working Capital Changes 2,733.4 3,471.7 Changes in Working Capital -2,387.4 -9,526.2 Cash Gene
Slide 52: Thank You
Company : Thank P N Gadgil Jewellers Limited CIN: L36912PN2013PLC149288 Email ID: secretarial@pngadgil.com Tel: +91 020 4478474 Website: www.pngjewellers.com Y U Investor Relations Partner : X-B4 Advisory LLP Rasika Sawant / Gautam Kothari Tel: +91 95944 57518 / +91 79776 16640 Email ID: rasika@x-b4