PNG Jewellers Q3 Results: Revenue Surges 35.6% YoY to ₹33,026 Crore

PNG Jewellers Q3 Results

PNG Jewellers (P N Gadgil Jewellers Limited) delivered a very strong Q3 FY26, with consolidated revenue from operations of ₹33,026.07 million and consolidated net profit of ₹1,709.11 million for the quarter ended 31 December 2025.

On a standalone basis, revenue from operations came in at ₹32,533.43 million, while standalone net profit stood at ₹1,662.74 million, underlining that the core India jewellery business continues to drive most of the earnings.

Year‑on‑year, the growth looks impressive rather than incremental. Consolidated revenue from operations rose from ₹24,357.51 million in Q3 FY25 to ₹33,026.07 million in Q3 FY26, a jump of about 35.6%, while consolidated net profit almost doubled from ₹860.38 million to ₹1,709.11 million in the same period.

That profit surge pushed consolidated basic EPS up from ₹6.34 in Q3 FY25 to ₹12.59 in Q3 FY26, which is the kind of move equity investors usually watch very closely.

Looking at the nine‑month picture, consolidated revenue from operations for 9M FY26 reached ₹71,947.91 million, compared with ₹61,052.44 million in 9M FY25, while consolidated net profit climbed to ₹3,195.64 million from ₹1,562.79 million a year earlier, effectively more than doubling profits over that period.

Consolidated basic EPS for the nine months improved from ₹11.52 to ₹23.55, indicating that the profitability trend is not just a one‑quarter spike but part of a broader upgrade in margins and scale.

On the standalone side, the pattern is similar: revenue from operations for Q3 FY26 at ₹32,533.43 million versus ₹24,068.48 million in Q3 FY25, and net profit at ₹1,662.74 million compared with ₹852.30 million the previous year, again almost a 2x jump in bottom line.

For 9M FY26, standalone revenue from operations reached ₹71,101.18 million (up from ₹60,563.04 million in 9M FY25), with net profit at ₹3,140.91 million, more than double the ₹1,524.90 million recorded in the prior‑year period. Standalone basic EPS accordingly increased from ₹11.24 in 9M FY25 to ₹23.14 in 9M FY26.

Beyond the headline numbers, the board meeting on 9 February 2026 not only approved these unaudited standalone and consolidated Q3 and 9M FY26 financial results but also cleared a postal ballot to seek shareholders’ approval for the regularisation of Aditya Saurabh Gadgil as a Non‑Executive, Non‑Independent Director.

The outcome note also mentions profit before tax of ₹2,231.23 million for the quarter and ₹4,240.84 million for the nine months ended 31 December 2025, underlining that the company is scaling consistently even before tax effects.

Taken together, PNG Jewellers’ Q3 FY26 results point to a business riding strong festive and wedding‑season demand, with solid operating leverage: revenues are up by mid‑30s in percentage terms, while profits and EPS are growing almost twice as fast, both on standalone and consolidated bases.

For anyone tracking the jewellery and retail space, those are the kind of numbers that suggest not just a good quarter, but a structured growth phase backed by store expansion, higher studded jewellery mix, and disciplined cost management.

Here is the official PDF for PNG Jewellers Q3 Results

Disclaimer 

The figures and details above are simplified for quick reading and may involve rounding. For precise numbers, segment data, and notes, readers should rely on the company’s official financial statements, stock exchange filings, and press releases, which remain the only authoritative and legally binding sources.