Mumbai, February 10 P N Gadgil Jewellers, a jewellery retailer, reported a 98.64% increase in profit after tax (PAT) to Rs 170.91 crore during the quarter ending December 31, 2025, compared to the same period of the previous financial year.
The company's PAT stood at Rs 86.04 crore during the corresponding period of the previous fiscal, P N Gadgil Jewellers said in a statement on Monday.
The company's revenue from operations grew by 35.58% during the review quarter to Rs 3,302.61 crore, compared to Rs 2,435.75 crore in the same period of the previous year.
"The quarter witnessed strong momentum, driven by healthy demand during festive and wedding seasons. Revenue from operations increased by 35.6% year-over-year to Rs 3,302.61 crore in Q3 FY26, despite fluctuations in gold prices. Demand remained strong across key markets, led by gold jewellery, new designs, and a growing preference for lightweight and studded jewellery, supported by strong brand recognition and customer trust," said Dr Saurabh Gadgil, Chairman and Managing Director of P N Gadgil Jewellers.
Profitability significantly improved during the quarter, with PAT increasing by 98.6% year-over-year to Rs 170.91 crore, driven by a favorable product mix, higher contribution from studded jewellery, and disciplined cost management, resulting in meaningful margin expansion, he added.
Retail remained the primary growth driver, complemented by strong growth in e-commerce and steady performance in the franchise segment, he stated.
"Looking ahead, the management remains focused on driving same-store sales growth, maintaining healthy inventory turnover, and sustaining profitable growth, supported by continued demand during upcoming festive and wedding seasons," Gadgil added.
