Q2FY27 business update: revenue from operations up 16.21% YoY, H1 up 14.15%, 136 points of sale
Q2FY27 business update: Revenue from operations Rs. 5,398 lakh, up 16.21% YoY; H1FY27 Rs. 8,420 lakh, up 14.15%.
- Q2FY27 Revenue from Operations
- Rs. 5,398 lakh, up 16.21% YoY
- H1FY27 Revenue from Operations
- Rs. 8,420 lakh, up 14.15%
- Points of Sale / EBO Share
- 136 points of sale across 59 cities, 19 states; EBO share 18.30% of H1FY27 sales vs 12.06%
What the company does
It is a branded fashion jewellery retailer backed by the 194+ years legacy of the P. N. Gadgil & Sons Group, selling under the brand "Gargi by P. N. Gadgil & Sons". Its portfolio includes 925 sterling silver jewellery, 9KT plain gold jewellery, 14KT gold jewellery studded with natural diamonds, gifting products and fashion jewellery.
Revenue from operations
- Q2FY27: Rs. 5,398 lakh, against Rs. 4,645 lakh in Q2FY26, a rise of 16.21% year on year
- H1FY27: Rs. 8,420 lakh, against Rs. 7,376 lakh in H1FY26, a rise of 14.15% year on year
- The company states that the total revenue from operations for Q2FY27 is subject to limited review by its statutory auditors
How demand is described
The company describes Q2 as a pre-festive planning period, when consumers conserve cash ahead of the main buying season. Q2FY27 recorded zero festive days, compared with 9 days of festive sales included in the revenue from operations of Q2FY26. Demand is expected to gain momentum in Q3FY27 and Q4FY27, supported by the wedding season, the Dussehra and Diwali festive season and year-end celebrations. The 45-day Dussehra and Diwali festive season is described as generating the largest share of annual revenue. The company says it remains confident of sustaining this growth trajectory through FY27.
Channel mix and retail network
- The company had 136 points of sale across 59 cities and 19 states in India as of September 30, 2026
- This network comprises Exclusive Brand Outlets (EBO), SIS (Shop-in-Shop) formats and franchise stores, with a strong presence in Maharashtra
- EBO sales contributed 18.30% in H1FY27 against 12.06% in H1FY26, as the company strengthens its EBO-led retail model and moderates reliance on the SIS channel
What this update covers
This is the company's business update for the quarter ended September 30, 2026, covering revenue from operations, channel mix and the retail network, along with its demand outlook for the festive and wedding seasons. The revenue growth of 16.21% in Q2FY27 came in a quarter with zero festive days, while Q2FY26 included 9 festive days in its revenue from operations.
More numbers
- Revenue from operations, Q2FY275,398 (Rupees in Lakhs)
- Revenue from operations, Q2FY264,645 (Rupees in Lakhs)
- Revenue from operations, H1FY278,420 (Rupees in Lakhs)
- Revenue from operations, H1FY267,376 (Rupees in Lakhs)
- Q2 revenue growth YoY16.21%
- H1 revenue growth YoY14.15%
- EBO share of sales, H1FY2718.30%
- Points of sale as of September 30, 2026136
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