Press Release

Date: October 29, 2026 To, To, BSE Limited, National 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: 544256 Symbol: PNGJL Subject: Intimation of Press Release Dear Sir/ Madam, Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed a copy of the Press Release titled “P N Gadgil Jewellers Delivers Q2 FY27 Revenue of 26,663.8 Mn; with 22.4% Revenue Growth, 57.1% EBITDA Growth & 52.7% PAT Growth; YoY” The intimation shall also be made available on the website of the Company at www.pngjewellers.com. You are requested to take this on your records. Thanking You, Yours Sincerely, For P N Gadgil Jewellers Limited Prakhar Gupta Company Secretary & Compliance Officer P N Gadgil Jewellers Limited Registered Office.: PNG House, 694, Narayan Peth, Kunte Chowk, Laxmi Road,Pune, - 411030. Maharashtra, India. Tel. No. +91 20 24435005 I Fax: +91 20 244305011 Toll Free no.: 1800 233 5005 (1 1 A.M. - 7 P.M.) I www.pngjewellers.com I info@pngadgil.com I CIN: L36912PN2013PLC149288 I INDIA I USA Press Release P N Gadgil Jewellers Limited P N Gadgil Jewellers Delivers Q2 FY27 Revenue of 26,663.8 Mn; with 22.4% Revenue Growth, 57.1% EBITDA Growth & 52.7% PAT Growth; YoY Pune, 29thOct 2026 - P N Gadgil Jewellers Limited, oneof themost reputedjewellers inthe country, boasting 194 years of legacy & excellence in craftsmanship and trusted service in the retail business of gold, silver, and diamond jewellery, announced its unaudited financial results for the quarter and half year ended 30th September2026. FinancialSnapshot: Particulars (INR Mn) Q2 FY27 Q2 FY26 Y-o-Y Q1 FY27 Q-o-Q H1 FY27 H1 FY26 Y-o-Y Revenue fromOperations 26,663.8 21,776.2 22.4% 24,129.8 10.5% 50,793.6 38,921.8 30.5% EBITDA 2,246.1 1,429.4 57.1% 1,924.1 16.7% 4,170.2 2,659.8 56.8% EBITDA Margin (%) 8.4% 6.6% 186 bps 8.0% 45 bps 8.2% 6.8% 140 bps Profit After Tax 1,211.1 793.1 52.7% 1,053.4 15.0% 2,264.5 1,486.5 52.3% PAT Margins (%) 4.5% 3.6% 90 bps 4.4% 18 bps 4.4% 3.8% 60 bps Basic EPS 8.69 5.84 7.76 16.25 10.95 *All financial figures are on consolidated basis. SegmentalPerformanceHighlights(INRMn) QQ22 FFYY2277 Retail Non Retail 31.1% Franchise E-commerce Others* 34.7% -83.6% 1.0% 20,610.6 4,592.0 1,435.1 1,225.1 15,719.7 3,408.9 1,212.4 236.0 Q2 FY26 Q2 FY27 Q2 FY26 Q2 FY27 Q2 FY26 Q2 FY27 Q2 FY26 Q2 FY27 HH11 FFYY2277 Retail Non Retail 42.1% Franchise E-commerce Others* 22.9% -50.9% -5.0% 39,461.5 7,498.4 2,096.4 2,950.6 27,773.1 6,101.8 2,804.1 1,029.5 H1 FY26 H1 FY27 H1 FY26 H1 FY27 H1 FY26 H1 FY27 H1 FY26 H1 FY27 *The Others Segment consists of corporate orders. Press Release P N Gadgil Jewellers Limited KeyFinancial&Operational Highlights: ▪ RetailContribution:Retailsalescontinuedtostrengthen,withtheretailshareoftotalrevenueincreasingto 77%inQ2FY27from72%inQ2FY26,reflectingtheCompany'scontinuedfocusonexpandingitshigh-margin retailbusiness.Additionally,shareofretailrevenuefromNorthernandCentralRegionsincreasedto2.7%in Q2FY27from0.7%inQ2FY26. ▪ Strong Same-Store Performance: The Company delivered a robust Same-Store Sales Growth (SSSG) of 25.5%YoY,drivenbydeepercustomerengagementatexistingstores. ▪ Re-BrandedLiteStyletoYOOU:ThetransitionfromLiteStyletoYOOUmarksastrategicevolutiontowardsa more distinctive, lifestyle-led brand. Designed to reflect consumers’ growing preference for self-expression overoccasion-ledpurchases,YOOUcombinescontemporaryaspirationswiththetrustandcredibilityofPNG Jewellers. The rebranding aims to strengthen brand resonance among younger, style-conscious consumers, while the refreshed positioning and contemporary identity are expected to support greater relevance and preference for everyday jewellery. Its impact on stud ratio and brand resonance can be assessed through changesinproductmix,customerpreferencesandengagementfollowingthetransition. ▪ Improving Product Mix: The retail stud ratio improved to 11.8% from 9.0% in the same quarter previous year,whilethenorthern&centralregiondeliveredanotablystrongerperformance,achievingastudratioof 17.4%; validating the Company's expansion strategy into markets with structurally higher demand for studded jewellery. Additionally, YOOU by PNG recorded an impressive studded jewellery ratio of 53.1%, reflectingstrongcustomeracceptanceofthebrand’slightweightstuddedofferings. ▪ Product-wise Performance: During the quarter, the diamond category continued to witness exceptional momentum, delivering 21% growth in value & 11% growth in volume, underscoring increasing customer preference for studded jewellery and supporting the Company's premiumization strategy. The Gold Jewellery grew by 47% in value & 4% in volume; Gold Bars & Coins reduced by 24% in value & 48% in volume,whereassilvercategoryincreasedby12%invalue&reducedby42%involume. ▪ Higher Customer Engagement: Healthy customer acquisition continued across markets, with footfalls been at 178,756, while maintaining a robust conversion rate of 88.6%, reflecting strong brand recall, healthy demandandtheCompany'sabilitytoconsistentlyconvertstorevisitsintopurchases. ▪ Growth in Transactions & Spending: At the retail level, Company recorded an Average Transaction Value (ATV) of ₹1,22,100, with the Legacy at ₹1,22,423 and YOOU at ₹65,320, reflecting healthy transaction valuesacrossitsbrandportfolio. ▪ CRISIL A+/Stable Credit Rating Reaffirmed: CRISIL has reaffirmed the company’s ‘A+/Stable’ credit rating, reflectingitsestablishedcreditprofileandstableoutlook. ▪ AcquisitionofSilvostyle:Asterlingsilverfashionjewellerybrandofferingbold,contemporaryandtrend-led designsforeverydaywear,acquiredinfullon1October2026. ▪ Underlying Operating Performance: With the current hedging coverage ~80%, the remaining unhedged inventory resulted in an unhedged gain of ₹50 Mn during Q2 FY27, compared to ₹60 Mn in Q2FY26. Excluding this gain, Adjusted EBITDA stood at ₹2,196 Mn, compared to ₹1,369 Mn in the corresponding quarterlastyear,whiletheAdjustedEBITDAMarginincreasedto8.2%from6.3%. Press Release P N Gadgil Jewellers Limited ▪ AdjustedProfitability:Excludingthenetimpactoftheunhedgedgain,AdjustedPATstoodat₹1,174Mn inQ2FY27,comparedto₹750MninQ2FY26,translatingintoanAdjustedPATMarginof4.4%,asagainst 3.4%inthecorrespondingquarterlastyear. ▪ Expansion Pipeline on Track: During the quarter, the Company remained focused on enhancing the productivity of its existing network while progressing site identification, franchise partner onboarding and operational readiness for its upcoming expansion, with a significant focus on Northern and Central region,inlinewithitsgrowthstrategy. Asof30thSept2026,theCompanyoperated80stores(79inIndiaand1intheU.S.A.).Amajorityofthe year'sexpansionscheduledacrossQ3andQ4FY27,inlinewiththeCompany'sphasedrolloutplan. Commenting on the performance, Dr. Saurabh Gadgil, Chairman & Managing Director, PN Gadgil Jewellers Limited, said,"Wecontinuedtostrengthenourretailbusiness inQ2 FY27,withretail contributing77%oftotal revenue and same-store sales growth reaching 25.5%. The improvement in our retail stud ratio to 11.8%, alongside a higher stud ratio of 17.4% in the Northern & Central region, reinforces our confidence in the region’sgrowthpotentialandvalidatesourexpansionstrategy. Wearealsoevolvingourbrandportfoliotoaddresschangingconsumerpreferences.TherebrandingofLiteStyle to YOOU by PNG has strengthened our focus on contemporary, lifestyle-led jewellery, with studded jewellery contributing 53.1% of its sales. The acquisition of Silvostyle further expands our presence in the fast-growing silverfashionjewellerysegment. Looking ahead, we remain focused on disciplined expansion, particularly across Northern and Central India, with most planned store additions scheduled for the second half of FY27. Backed by our 194-year legacy, trustedbrandandevolvingretailcapabilities,weremaincommitte [Showing first 8,000 characters — download PDF for full document]