PNGS Reva Diamond Q1FY27 revenue jumps 119.49% to ₹1,179.73 million
PNGS Reva Diamond Jewellery Limited reported a 119.49% YoY increase in revenue to ₹1,179.73 million for Q1FY27, driven by strong consumer demand and festive sales. Excluding incidental gold sales, growth stood at 122.35%. The company opened a new COCO store, bringing its total count to 37, and plans to open 15 more over the next 24 months.
*this image is generated using AI for illustrative purposes only.
PNGS Reva Diamond Jewellery Limited reported a 119.49% year-on-year surge in revenue from operations to ₹1,179.73 million for the quarter ended June 30, 2026. The growth was driven by healthy consumer demand, strong volume growth, and festive buying during Akshaya Tritiya, alongside healthy sales during the monsoon season. This marks the second consecutive quarter of over 100% YoY revenue growth, underscoring the company's sustained momentum.
The revenue figure includes gold sales of ₹19.86 million for Q1FY27, compared to ₹15.84 million in the corresponding period of the previous year. These gold sales are incidental, arising from the disposal of excess gold received from customers as part consideration for diamond jewellery purchases. The company clarified that it does not engage in gold bullion or commodity trading. Excluding the incidental gold sales, the revenue growth stood at 122.35% YoY.
Financial Performance
The company's financial performance for the quarter reflects a significant expansion in its operational scale. The table below summarises the key revenue metrics:
| Particulars (₹ in Millions): | Q1FY27 | Q1FY26 | YoY% (Including Gold Sales) | YoY% (Excluding Gold Sales) |
|---|---|---|---|---|
| Revenue from Operations: | 1,179.73 | 537.49 | 119.49% | 122.35% |
Operational Highlights
During the Akshaya Tritiya festival, the company recorded revenue of ₹127.27 million, a sharp increase of 268% compared to ₹34.63 million in the previous year. This festive period contributed significantly to the quarterly performance.
The company expanded its retail footprint with the opening of a new Company-Owned and Company-Operated (COCO) store at Amanora Mall. The table below captures the current store network details:
| Store Network Parameter: | Details |
|---|---|
| Total Stores (Reporting Date): | 37 |
| EBO/COCO Stores: | 3 |
| Shop-in-Shop (SIS) Stores: | 34 |
| Total Stores (as of March 31, 2026): | 36 |
Expansion Strategy
PNGS Reva Diamond Jewellery Limited remains on track to open approximately 15 new COCO stores over the next 24 months from its IPO date. The expansion strategy focuses primarily on Tier 1 cities, with selective entry into Tier 2 cities and metro markets across Maharashtra and key North India markets. The recently opened COCO stores are reported to be performing in line with expectations.
The company expressed a positive demand outlook, supported by recent corrections in gold prices which are expected to encourage jewellery purchases ahead of the upcoming wedding season. A continued shift towards branded jewellery is also anticipated to provide a favourable demand environment.
Historical Stock Returns for PNGS Reva Diamond Jewellery
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.36% | +2.17% | +4.36% | -2.09% | -2.09% | -2.09% |
How will the planned opening of 15 new COCO stores impact the company's capital expenditure and debt levels over the next two years?
What are the expected profit margin trends as the company shifts its mix towards more Company-Owned Company-Operated stores compared to Shop-in-Shop formats?
Can the company sustain triple-digit revenue growth into the next fiscal year once the base effect normalizes?
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