Conference Call with P N Gadgil Jewellers Management and Analysts on Q3FY25 Performance and Outlook. Listen to the full earnings transcript.
Gems & Jewellery company P N Gadgil Jewellers announced Q3FY25 results The company achieved its highest-ever revenue of Rs 10,500 million+ in a single month in Oct-24 and total revenue of Rs 24,357.51 million in Q3FY25. EBITDA: Rs 1,297.70 million compared to Rs 945.80 million during Q3FY24, change 37.2%. EBITDA margin: 5.3% for Q3FY25. PAT: Rs 860.38 million compared to Rs 576.04 million during Q3FY24, change 49.4%. PAT margin: 3.5% for Q3FY25. EPS: Rs 6.34 for Q3FY25. Saurabh Gadgil, Chairman & Managing Director, P N Gadgil Jewellers, said: “Our strong Q3FY25 performance reflects the continued trust of our customers and the strength of our retail presence. With record-high monthly revenue, robust same-store sales growth, and increasing customer engagement, we remain focused on enhancing our offerings and expanding our footprint. The successful launch of nine showrooms across nine consecutive days during Navratri underscores our commitment to growth, taking our store count to 48, with plans to reach 53 by Q4FY25. The growth in all segments-retail, ecommerce, and franchise-reinforces our strategy and positions us well for sustained momentum in the coming quarters.” Result PDF
Gems & Jewellery company P N Gadgil Jewellers announced H1FY25 & Q2FY25 results Q2FY25 Financial Highlights: Total revenue for Q2FY25 reached Rs 20,013.10 million, up from Rs 13,715.12 million in Q2FY24. EBIDTA of Rs 658.83 million, compared to Rs 474.63 million for Q2FY24 marking an increase of 39%. Retail revenue for Q2FY25 grew to Rs 12,195.05 million, reflecting a 37% increase from Rs 8,880.30 million in Q2FY24. Retail EBIDTA rose to Rs 681.69 million, a 55% growth from Rs 438.66 million in the Q2FY24. Retail PAT also showed strong growth, reaching Rs 372.28 million, up 91% from Rs 195.32 million in Q2FY24. H1FY25 Financial Highlights: Revenue in H1FY25 increasing to Rs 965.84 million, a 95% rise from Rs 496.23 million in H1FY24. Franchise revenue also grew to Rs 2,941.12 million, up 48% from Rs 1,990.63 million in the H1FY24. Revenue per store for H1FY25 increased to Rs 941 million, up 18% from Rs 796 million in H1FY24. Branch?wise profitability grew significantly, reaching Rs 18.01 million, a 35% increase from Rs 13.36 million in H1FY24. The average transaction value (ATV) rose by 22%, increasing to Rs 93,919 from Rs 76,813 in the H1FY24. Saurabh Gadgil, Chairman and Managing Director of P N Gadgil Jewellers, said: “The second quarter of FY25 has been highly rewarding, marked by strong operating performance across all our markets despite significant volatility in gold prices. Q2FY25 surpassed expectations, establishing a solid foundation for growth, with demand levels exceeding those of Q2FY24. One of the most notable milestones this quarter was ourstrong debut on the stock market on September 17, 2024. Our shares listed at Rs 830 on the National Stock Exchange, an impressive 72.91% premium over the issue price of Rs 480 per share. On the Bombay Stock Exchange (BSE), the shares opened at Rs 834, marking a 73.75% premium. This reflects the trust and confidence our stakeholders have in PNG Jewellers' legacy, growth potential, and future vision. Several factors shaped this successful quarter. The reduction in gold import duty announced in the union budget was a pivotal development. Lowering the import duty for gold and silver to 6% and platinum to 6.4% aligned with industry demands and positively impacted consumption, helping moderate prices that had previously reached record highs. This move has not only supported the growth of the organized sector but also provided much?needed relief to consumers while enhancing market transparency and curbing illegal smuggling activities. Additionally, the festive season, which included Ganesh Utsav, Janmashtami, and Raksha Bandhan, drove strong gold demand and consumer engagement. We also saw a phenomenal response to our Maha Mangalsutra Mahotsav and Painjain Mahotsav which further boosted sales and strengthened our market position. Collectively, these factors along with our successful stock market debut, contributed to the strong operating performance we achieved in Q2FY25” Result PDF