The document is a transcript of the Q1 FY27 Earnings Conference Call held on Tuesday, July 28, 2026, at 03:00 P.M. (IST).
The stated purpose of the event was to discuss the company's financial results for the quarter ended June 30, 2026 (Q1 FY27).
The meeting was held after the earnings announcement, as management referred to results being uploaded on exchanges.
Management participants included Dr. Saurabh Gadgil, Chairman and Managing Director and Mr. Deepak Vijay, Chief Financial Officer. The call was moderated by Mr. Aayush Adukia from Nuvama Wealth.
The company indicated that the financial results, investor presentation, and quarterly update were available on the exchanges and the company's website (https://www.pngjewellers.com).
The transcript includes financial highlights from the quarter:
Revenue: INR 2,413 crore (up 41% YoY)
EBITDA: INR 192.4 crore (up 57% YoY); Margin: 8%
PAT: INR 105.3 crore (up 52% YoY); Margin: 4.4%
Basic EPS: INR 7.8 (vs. INR 5.1 in Q1 last year)
Retail Same-Store Sales Growth (SSSG): 46%
Studded Ratio (Retail): 10.9% (up from 9.9% last quarter)
Studded Ratio (Litestyle format): 32.9%
Forward-looking statements and strategic themes included:
Store Expansion: Plan to open ~25 stores in FY27, taking the total network to ~103 stores. Expansion will be franchise-led across legacy and Litestyle formats in Maharashtra, Uttar Pradesh, Bihar, Central India, and NCR.
Long-term Plan: Target of 177 stores by March 2029 (113 legacy, 64 Litestyle).
Financial Guidance: Underlying PAT margin target of 4.1-4.25% for FY27; target to reduce debt by INR 500-600 crores by FY29.
Gross Margin: Target range of 12.5-13.5% with a studded ratio of 10-11%.
The company stated that no unpublished price sensitive information (UPSI) was shared during the call.
Additional Notes Section
The document is a regulatory filing submitted pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, containing the full transcript of the conference call.
Financial data for Q1 FY27 was disclosed and discussed in detail during the call.
The transcript includes a full Q&A session with analysts from firms including Edelweiss Public Alts, RSPN Ventures, Motilal Oswal, Fair Value Equity Advisory, and Three-Head Capital.
