PNGadgil Jewellers delivered a stellar performance in the December quarter, reporting a sharp surge across profitability and operating metrics, supported by strong festive demand and improved operating leverage.
For Q3, the company posted a 99% year-on-year jump in net profit, with earnings rising to ₹171 crore compared with ₹86 crore in the same period last year. The strong bottom-line growth reflects robust revenue traction, better cost control, and a meaningful expansion in margins.
Revenue for the quarter climbed 35.6% YoY to ₹3,303 crore, up from ₹2,435.7 crore in Q3 of the previous financial year. The sharp increase highlights sustained consumer demand for gold and studded jewellery, aided by seasonal buying and improved store-level performance.
Operating performance showed even stronger momentum. EBITDA nearly doubled to ₹247 crore, compared with ₹122.4 crore a year ago. This translated into a significant margin expansion, with EBITDA margin improving to 7.5% from 5% YoY, indicating enhanced operational efficiency and a favourable product mix.