P N Gadgil Jewellers Limited has submitted its quarterly compliance certificate to stock exchanges, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018. The certificate covers the quarter ended March 31, 2026, and was filed on April 08, 2026.

Regulatory Filing Details

The company filed the Certificate of Compliance under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 with both major stock exchanges. Company Secretary and Compliance Officer Prakhar Gupta signed the submission letter on behalf of P N Gadgil Jewellers Limited.

Compliance Certificate Confirmation

Bigshare Services Private Limited, serving as the company's Registrar and Share Transfer Agent, issued the compliance certificate. The certificate confirms adherence to dematerialization processes and regulatory timelines during the quarter.

Authorised Signatory Akash Shamal from Bigshare Services confirmed that all securities received from depository participants for dematerialization up to March 31, 2026 were properly processed and confirmed to the depositories.

Regulatory Compliance Status

The certificate validates several key compliance aspects:

• Securities received for dematerialization were confirmed (accepted/rejected) to depositories
• All securities comprised in certificates have been listed on stock exchanges where earlier issued securities are listed
• Security certificates received for dematerialization were mutilated and cancelled after due verification
• Depository names were substituted in the register of members as registered owners within 15 days of receipt

Administrative Details

Bigshare Services Private Limited operates from its registered office at Office No S6-2, 6th Floor, Pinnacle Business Park, Andheri (East) Mumbai. The company holds CIN U99999MH1994PTC076534 and serves as the registrar for P N Gadgil Jewellers Limited's share transfer operations.

This quarterly compliance filing demonstrates P N Gadgil Jewellers Limited's adherence to SEBI regulations governing depositories and participants, ensuring proper maintenance of shareholder records and dematerialization processes.

P N Gadgil Jewellers has delivered exceptional financial performance in Q4 FY26, showcasing remarkable growth across key business metrics. The jewelry retailer's strong quarterly results highlight the company's robust market position and operational efficiency in a challenging market environment.

Financial Performance Overview

The company reported total revenue of ₹3,552 crore for Q4 FY26, marking an impressive 124% year-on-year increase from ₹1,587 crore in Q4 FY25. This substantial growth demonstrates the company's ability to capitalize on market opportunities and expand its customer base effectively.

Segment Performance and Product Mix

The retail segment showed particularly strong momentum during the quarter, with retail sales growing by 102% year-on-year. Franchise operations demonstrated exceptional growth of 132% YoY, while e-commerce recorded a solid 67% YoY increase. Despite rising gold prices, volumes saw positive traction with the gold category increasing by 27% YoY, while silver and diamond volumes rose 37% YoY and 125% YoY respectively, driving the studded jewellery mix to 9%.

Festive Sales and Store Expansion

The company achieved remarkable festive performance with Foundation Day sales amounting to ₹365 crore and Gudi Padwa sales reaching ₹171 crore, reflecting 38% YoY growth. Gratitude Day sales celebrating the milestone of reaching ₹10,000 crore stood strong at ₹225 crore. The same-store sales growth for the quarter stood at a robust 86% YoY, highlighting strong customer traction across existing locations.

Credit Rating and Future Outlook

During the quarter, the company's long-term rating was upgraded to IND A+/Stable from IND A, while the short-term rating was reaffirmed at IND A1. For FY27, P N Gadgil Jewellers plans to open 25 new stores with strategic focus on scaling franchise formats, targeting a total store count of 103 by fiscal year end. The company is targeting revenue of ₹13,500 crore for FY27, implying 25% YoY growth with an EBITDA margin of 7.5%.