NSEUpdates8 Jul 2026 · 8 Jul 2026, 08:24 am
Updates
PNGS Reva Diamond Jewellery Limited · PNGSREVA
✦ AI Summary▲ PositiveResults
PNGS Reva Diamond Jewellery Limited has reported a strong revenue growth of 119.49% YoY (including Gold sales) and 122.35% YoY (excluding Gold sales) in Q1FY27, driven by healthy consumer demand, strong volume growth, festive buying during Akshaya Tritiya and healthy sales during the monsoon season.
Analysis Scores
Earnings Impact8/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment8/10
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Full Announcement
PNGS Reva Diamond Jewellery Limited has informed the Exchange regarding 'Quarterly update - Q1- 2026-2027'.
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PNGSREVA_08072026082252_Corporate_announcement_Reva_Update_Q1_f_signed.pdf
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Date: July 8, 2026
To, To,
BSE Limited Na(cid:415)onal Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block-G, BKC,
Dalal Street, Mumbai- 400001 Bandra (East), Mumbai- 400051
Scrip Code: 544718 Symbol: PNGSREVA
Subject: Business update for the quarter ended June 30 ,2026 (Q1-FY26-27).
Dear Sir/ Madam,
Pursuant to Regula(cid:415)on 30 of the SEBI (Lis(cid:415)ng Obliga(cid:415)ons and Disclosure Requirements) Regula(cid:415)ons,
2015, enclosed herewith the Quarterly Business Update of the Company for the quarter ended June
30, 2026 (Q1 FY 26-27) along with store counts as on date.
Kindly take this on your records please.
Thanking you,
For PNGS Reva Diamond Jewellery Limited
Kir(cid:415) Vaidya
Company Secretary & Compliance Officer
M. No.: A31430
Encl: As above.
PNGS RE VA DIAMOND JE WE LLERY LIMITED
BUSINESS UPDATE Q1FY27
Pune, July 08, 2026: PNGS Reva Diamond Jewellery Limited, a branded Certified Natural diamond jewellery retailer
backed by the 190+ years legacy of the P. N. Gadgil & Sons Group, with a strong presence in Western India & an expanding
retail footprint across key markets, reports its business update for the Quarter ended June 30, 2026.
Key Highlights:
YoY% in Q1FY27 YoY% in Q1FY27
Particulars (Rs in Millions) *Q1FY27 #Q1FY26
including Gold Sales excluding Gold Sales
Revenue from Operations 1,179.73 537.49 119.49% 122.35%
Note: The Revenue from Operations for Q1FY27 given above is subject to limited review / audited by the Statutory
Auditors of the Company.
* The Revenue from Operations includes ** Gold sales of 19.86 Millions for Q1FY27.
# The Revenue from Operations includes ** Gold sales of 15.84 Millions for Q1FY26.
** The Gold Sales mentioned above relates to gold received from customers as part consideration for the purchase of
diamond jewellery. In such transactions, customers provide their old gold, the value of which is adjusted against the price
of the new jewellery purchased. The gold received from customers is primarily used in the manufacturing of new jewellery.
The sale of gold reflected above represents only the excess gold remaining after consumption for manufacturing the new
jewellery
The company does not engage in gold bullion or commodity trading. The sale of gold is purely incidental and arises only
from the disposal of excess gold received from customers in the normal course of the company’s sales operations.
Revenue from Operations:
Strong revenue growth of 119.49% YoY (including Gold sales) and 122.35% YoY (excluding Gold sales) in
Q1FY27, driven by healthy consumer demand, strong volume growth, festive buying during Akshaya Tritiya and
healthy sales during the monsoon season.
Q1FY27 marked the second consecutive quarter of over 100% YoY revenue growth, underscoring the
Company's sustained growth momentum.
Festive Sales:
During Akshaya Tritiya, the company recorded revenue of Rs 127.27 Million, compared to Rs 34.63 Million in the
previous year, reflecting a strong year-on-year growth of 268%.
Store Expansion:
With the recent COCO store opening at Amanora Mall, the total store count as of date becomes 37 stores (3 EBO’s
/ COCO stores and 34 SIS Stores) compared to 36 stores (2 EBO’s / COCO stores and 34 SIS Stores) as of 31-March-
2026.
Recently opened COCO stores are performing in line with expectations, and the Company remains on track with
its plan to open ~15 new COCO stores over the next 24 months from IPO date, focusing primarily on Tier 1 cities,
along with selective expansion into Tier 2 cities and metro markets across Maharashtra and key North India
markets.
Demand Outlook:
We remain positive on the demand outlook, supported by the recent correction in gold prices, which is expected to
encourage jewellery purchases ahead of the upcoming wedding season. This, coupled with the continued shift
towards branded jewellery, is expected to provide a favourable demand environment.
PNGS RE VA DIAMOND JE WE LLERY LIMITED
About PNGS Reva Diamond Jewellery Limited (CIN No. L32111PN2024PLC236494):
PNGS Reva Diamond Jewellery Limited is a focused diamond jewellery retail player backed by the strong legacy of the P
N Gadgil & Sons Group, which brings over 190 years of heritage in the jewellery industry. The Company currently operates
across 37 locations, comprising a mix of SIS (Shop-in-Shop) formats and COCO stores, with a strong presence in
Maharashtra and a growing footprint in select other markets. Leveraging its established brand recall, strong management,
sourcing capabilities and domain expertise in studded jewellery, the Company is strategically transitioning towards a
COCO-led store expansion model to drive scalable growth, while continuing to benefit from the Group’s established retail
network and credibility.
To know more, visit: www.revabypng.com
For more information, please contact
Suyash Samant | Hrithik Hattiangadi
Kirti Vaidya suyash@stellar-ir.com
cs@revabypng.com hrithik@stellar-ir.com
Contact: +91 22 6239 8024
PNGS Reva Diamond Jewellery Limited Stellar IR Advisors Private Limited