P N Gadgil Jewe. Q1 FY27 Results (NSE: PNGJL)

· Analysis by Alpha Inflection

Signal: Margin expansion

The read

The key inflection is the rebound in profitability: consolidated EBITDA margin rose to 8.0% from 6.0% YoY and from 3.8% in Q4FY26, while PAT increased 51.89% to ₹1053.35 million; however, finance costs grew 80.03% YoY and must be monitored as store-led expansion scales.

P N Gadgil Jewe. Q1 FY27 key financials
MetricValueYoYQoQ
Revenue₹2,412.98 Cr+40.73%-31.92%
EBIT₹17.47 CrN/A
Net profit₹105.34 Cr+51.89%
EPS₹7.76+51.86%
EBIT margin8.0%

P&L walk

Consolidated revenue rose 40.73% YoY to ₹24129.81 million, gross margin was broadly stable at 13.25% versus 13.17% a year ago, EBITDA margin expanded to 8.0%, and PAT grew 51.89% to ₹1053.35 million; the uplift was operational rather than other-income-led.

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