PNGS Reva Diamond Jewellery Reports Q4 FY26 Business Update with Revenue Growth
PNGS Reva Diamond Jewellery Limited, a branded retailer backed by the 190+ year legacy of the P. N. Gadgil & Sons Group, has reported its business update for the Fourth Quarter of the Fiscal Year 2025-2026, ending March 31, 2026. The company reported strong revenue growth, driven by consumer demand and its established brand affinity in the diamond jewellery sector.The company's performance for Q4 FY26 showed significant increases in revenue from operations when compared to the previous year's corresponding quarter.
| (Rs in Millions) | Q4 FY26 | Q4 FY25 | YoY% in Q4 FY26 | YoY% in Q4 FY26 excluding Gold Sales |
|---|---|---|---|---|
| Revenue from Operations | 1382.14 | 578.14 | 139.07% | 96.90% |
Revenue from Operations for Q4 FY26 was Rs 1382.14 Million. This figure includes Gold sales amounting to Rs 243.81 Million for Q4 FY26. The reported gold sale relates only to the excess gold remaining after consumption for manufacturing new jewellery, as the sale of gold is described as purely incidental to the company's sales operations. Notably, there were no Gold Sales recorded in Q4 FY25.
The revenue growth excluding gold sales of 96.90% Year-over-Year (YoY) in Q4 FY26 was attributed to the company's strength as a diamond jewellery retailer, bolstered by increased consumer demand and healthy volume growth.
Quarterly Performance Highlights
The festive season contributed meaningfully to the quarterly results. During Gudhi Padwa, the company recorded revenue of ~₹70 Million, marking a strong year-on-year growth of 2.5 times compared to ~₹20 Million recorded in the previous year. Furthermore, strong sales were witnessed during Valentine's Day, contributing to the overall quarterly performance.Store Network Expansion
In March 2026, the company expanded its physical presence by launching one new COCO store and one new SIS store. This expansion brought the total store count to 36 as of March 31, 2026. This compares to 33 SIS Stores as of March 31, 2025.Growth Outlook
The company plans to sustain its growth trajectory through a calibrated store expansion strategy. Management indicated plans for the roll-out of approximately 15 COCO stores over the next 24 months from the IPO date, of which one store was established in March 2026. The expansion will utilize IPO proceeds for store capital expenditure, inventory, and brand-building initiatives. Additionally, PNGS Reva Diamond Jewellery will maintain a Shop-in-Shop (SIS) arrangement with promoter group companies whenever they open a store, facilitating passive growth alongside the active expansion of the 15 planned COCO stores. The store roll-out is set to be executed strategically across Maharashtra and select pan-India markets, focusing on high-footfall locations to enhance market reach and brand presence.PNGS Reva Diamond Jewellery Limited operates across 36 locations, comprising both SIS (Shop-in-Shop) formats and COCO stores, maintaining a strong presence in Maharashtra and expanding its footprint in other select markets. The company is strategically moving towards a COCO-led store expansion model to drive scalable growth.
PNGSREVA Stock Price Movement
PNGS Reva Diamond Jewellery Limited shares are currently trading at ₹359.55, showing a gain of 3.22%.Source:
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.