P N Gadgil Jewellers Targets 78-80 Stores By Fiscal Year End

P N Gadgil Jewellers has set an ambitious target to reach 78-80 stores by the end of the current fiscal year, marking a significant milestone in the company's retail expansion strategy. This updated target reflects the jewellery retailer's accelerated growth plans and commitment to strengthening its market presence across key locations.

Revised Expansion Timeline

The company has updated its expansion strategy with a comprehensive target for the fiscal year end. This represents an evolution from the previously announced plan of opening 12-14 new stores specifically during Q4 FY26.

Parameter:	Details
Target Store Count:	78-80 stores
Timeline:	By fiscal year end
Strategic Focus:	Comprehensive retail expansion

Growth Strategy Overview

The revised store count target demonstrates P N Gadgil Jewellers' confidence in market opportunities and its ability to execute rapid expansion plans. By aiming for 78-80 stores by fiscal year end, the company is positioning itself for enhanced market coverage and improved customer accessibility.

This expansion initiative aligns with the company's broader objective of capturing greater market share in the competitive jewellery retail sector. The updated target suggests a more comprehensive approach to growth, moving beyond the initial quarterly expansion plan to encompass a full fiscal year strategy.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.93%	+3.17%	+4.05%	+3.35%	-7.30%	-21.35%

PN Gadgil Jewellers Limited delivered strong financial performance in Q3 with consolidated revenue growth of 35.6% reaching ₹3,302.00 crore, though shares declined over 2% following the business update announcement. The company's performance was primarily driven by robust festive and wedding season demand, showcasing its ability to capitalize on seasonal consumption patterns.

Segment-wise Performance Analysis

The retail segment emerged as the key growth driver, recording 46% growth in the December quarter and maintaining its position as the largest revenue contributor at 83.2% of total revenue. The company's diversified business model across multiple segments supported this strong performance.

Business Segment	Growth Rate	Revenue Contribution
Retail Segment	46% YoY	83.2% of total revenue
E-commerce	138% YoY	5.1% of total revenue
Franchisee Operations	12% YoY	7.7% of total revenue
Other Segment	-	4.0% of total revenue

Record Festival Sales Performance

The company achieved exceptional festive season results, with Dhanteras marking the highest-ever single-day festive sale at ₹277.00 crore. Dussehra sales also showed strong momentum with a 64% increase to ₹190.00 crore, demonstrating the company's strong market position during key festival periods.

Festival Performance	Q3 Revenue	Growth Rate
Dhanteras Sales	₹277.00 crore	Highest-ever single-day
Dussehra Sales	₹190.00 crore	64% YoY
Total Diwali Sales	₹606.00 crore	74% YoY
October Revenue	₹1,807.00 crore	72% YoY

Digital Growth and Store Expansion

The company's e-commerce operations registered remarkable growth of 138% compared to the previous year, contributing 5.1% to total revenue. Same store sales growth (SSSG) stood at 32%, indicating strong performance across existing outlets. During the quarter, the company launched three exclusive company-owned outlets, bringing the total store count to 66.

Market Performance and Future Outlook

Despite strong operational results, the stock declined 1.3% to ₹631.60 following the business update, though it has gained 5% over the past month. The company has planned 12-14 new store openings in Q4, targeting 78-80 stores by the end of the fiscal year through a mix of company-owned and franchisee-operated outlets.