PNGS Reva Diamond Jewellery Reports Strong Q1 FY27 Results Driven by Festive Sales Surge
Pune, July 08, 2026 – PNGS Reva Diamond Jewellery Limited, a branded Certified Natural diamond jewellery retailer and part of the P. N. Gadgil & Sons Group, has released its business update for the Quarter ended June 30, 2026 (Q1 FY27). The company reported significant revenue growth across operations, driven by consumer demand and festive buying momentum.The Company's financial performance in Q1FY27 showed substantial expansion compared to the previous year.
| Financial Metric (Rs in Millions) | Q1FY27 | Q1FY26 | YoY Growth (Including Gold Sales) | YoY Growth (Excluding Gold Sales) |
|---|---|---|---|---|
| Revenue from Operations | 1,179.73 | 537.49 | 119.49% | 122.35% |
The revenue growth in Q1FY27 was highlighted by strong consumer demand and healthy volume across the quarter. The company also noted that Q1FY27 marked the second consecutive quarter achieving over 100% year-on-year (YoY) revenue increase.
Festive Sales and Operational Highlights
In terms of festive sales, PNGS Reva Diamond Jewellery Limited reported revenue of Rs 127.27 Million during Akshaya Tritiya, marking a massive 268% growth compared to the Rs 34.63 Million recorded in the previous year.The Company continues its strategy for expansion and brand development across key markets. As of the reporting date, the total store count stands at 37 locations, which includes 3 EBOs (Exclusive Brand Outlets/COCO stores) and 34 SIS (Shop-in-Shop) Stores. This is an increase from the 36 stores reported as of March 31, 2026, following a recent COCO store opening at Amanora Mall.
Management stated that recently opened COCO stores are performing in line with expectations. The company maintains plans to open approximately 15 new COCO stores over the next 24 months from the IPO date, prioritizing expansion in Tier 1 cities while also pursuing selective entry into Tier 2 cities and metro markets across Maharashtra and key North India markets.
Market Context and Outlook
The management remains positive regarding the demand outlook for diamond jewellery. This optimism is supported by a recent correction in gold prices, which is expected to encourage jewellery purchases ahead of the upcoming wedding season. Combined with the trend toward branded jewellery consumption, this environment is viewed as favorable for the company’s continued growth.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.
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