P N Gadgil Jewellers Ltd reported a 22.4% year-on-year (YoY) growth in revenue in the second quarter of FY27, despite the Navratri festive period shifting to the third quarter this year. Retail revenue grew 31.1% YoY, supported by same-store sales growth of 25.5%, while the company reduced its dependence on lower-margin gold coin sales and increased the contribution of studded jewellery.
