Intimation of Press Release

Date: July 27, 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 Record Q1 FY27 Revenue of 24,130 Mn; with 41% Revenue Growth, 57% EBITDA Growth & 52% 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 PressRelease P N Gadgil Jewellers Limited P N Gadgil Jewellers Delivers Record Q1 FY27 Revenue of 24,130 Mn; with 41% Revenue Growth, 57% EBITDA Growth & 52% PAT Growth; YoY Pune, 27th July 2026 - P N Gadgil Jewellers Limited, one of the most reputed jewellers in the country, boasting 194 years of excellence in craftsmanship and trusted service in the retail business of gold, silver, and diamond jewellery, announced its unauditedfinancialresultsforthequarterended30thJune2026. FinancialSnapshot: Particulars(INRMn) Q1 FY27 Q1 FY26 Y-o-Y Q4 FY26 Q-o-Q RevenuefromOperations 24,129.8 17,145.6 40.7% 35,443.1 -31.9% EBITDA 1,924.1 1,228.5 56.6% 1,663.3 15.7% EBITDAMargin(%) 8.0% 7.2% 80 bps 4.7% 330 bps ProfitAfterTax 1,053.3 693.4 51.9% 902.6 16.7% PATMargins(%) 4.4% 4.0% 40 bps 2.5% 190 bps BasicEPS 7.8 5.1 6.7 *All financial figures are onconsolidatedbasis. SegmentalPerformanceHighlights(INRMn) Retail Non Retail 56.4% Franchise E-commerce Others* 18,851.0 7.9% 20.0% -9.2% 12,053.4 2,906.4 1,738.1 793.5 2,692.8 1,579.0 661.3 Q1 FY26 Q1 FY27 Q1 FY26 Q1 FY27 Q1 FY26 Q1 FY27 Q1 FY26 Q1 FY27 *The Others Segment consists of corporate orders. KeyFinancial&Operational Highlights:  Retail Contribution: Retail sales continued to strengthen, with the retail share of total revenue increasing to 78%inQ1FY27from70%inQ1FY26,reflectingtheCompany'scontinuedfocusonexpandingitshigh-margin retailbusiness.  StrongSame-StorePerformance:TheCompanydeliveredarobustSame-StoreSalesGrowth(SSSG)of46.1% YoY,drivenbyhealthycustomerfootfallsandhighertransactionvolumes.  ImprovingProductMix:Theretailstudratioimprovedto10.9%from9.9%inthepreviousquarter.Notably, therecentlylaunchedstoresacross NorthernandCentralIndiaaredeliveringasignificantlyhigherstudratio intherangeof15%to18%,validatingtheCompany'sexpansionstrategyintomarketswithstructurallyhigher demand for studded jewellery. Additionally, LiteStyle by PNG recorded an impressive stud ratio of 32.9%, highlightingstrongcustomeracceptanceofthenewlylaunchedlightweightjewellerybrand. PressRelease P N Gadgil Jewellers Limited  Healthy Gold Retail Mix: Retail sales of Gold vedhani, bars and coins (GBC) accounted for 21.7% of total retail revenue during the quarter, while the average gold purchase per invoice is 4.84 grams. The Company's (GBC) strategy continues to strengthen customer acquisition and retention, with the conversion to jewellery ratio improving to 53% in Q1 FY27 from 46% in FY26, and reinforcing the long-term value of thiscustomerlifecyclestrategy.  Retail Product-wise Performance: During the quarter, the diamond category continued to witness exceptional momentum, delivering 29% growth in value and 26% growth in volume, underscoring increasing customer preference for studded jewellery and supporting the Company's premiumization strategy.Thegoldcategoryrecordedarobust54%growthinvalue,whilevolumesremainedbroadlystable withonlya 1%YoYmoderation,reflecting healthydemand despiteelevated gold prices.The silver category registered131%growthinvalue,evenasvolumessoftenedslightlyby7%YoY.  Outstanding Festive Performance: The Company delivered a strong Akshay Tritiya performance, with festive sales increasing 80.3% YoY to ₹2,514.1 Mn, driven by robust consumer demand, effective festive campaignsandcontinuedmarketsharegainsduringthefestiveseason.  Higher Customer Engagement: Healthy customer acquisition continued across markets, with footfalls increasing 25.9% YoY to 214,587, while maintaining a robust conversion rate of 91.8%, reflecting strong brandrecall,healthydemandandtheCompany'sabilitytoconsistentlyconvertstorevisitsintopurchases.  Growth in Transactions & Spending: Transaction volumes increased 26.3% YoY, while the Average TransactionValue(ATV)is₹92,264, indicatinghealthycustomerengagementandhigherspendingpervisit.  Strengthened Hedging Framework: The Company further enhanced its risk management practices by increasing its overall hedge coverage to approximately 70%, significantly reducing exposure to gold price volatility. The Company intends to increase hedge coverage to 80%+ in the near term, with a long-term objectiveofachievingnear-fullinventoryhedgecoverage(~100%),therebyenhancingearningsstabilityand reducingcommoditypricerisk.  UnderlyingOperatingPerformance: Theremaining unhedged inventoryresulted ina unhedged gain of ₹97 Mn during Q1 FY27, compared to ₹101 Mn in Q1 FY26. Excluding this unhedged gain, Adjusted EBITDA increasedto₹1,827Mnfrom₹1,128Mn,withtheAdjustedEBITDAMarginimprovingto7.6%from6.6%in thecorrespondingquarterlastyear.  AdjustedProfitability:Excludingthenetimpactoftheunhedgedgain,AdjustedPATstoodat₹981MninQ1 FY27,comparedto₹618MninQ1FY26,translatingintoanAdjustedPATMarginof4.1%,asagainst3.6%in thecorrespondingquarterlastyear.  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. Asof30thJune2026,theCompanyoperated78stores(77inIndiaand1intheU.S.A.).Afewstorelaunches areplannedduringQ2FY27, withthemajorityoftheyear'sexpansionscheduledacrossQ3andQ4FY27,in linewiththeCompany'sphasedrolloutplan. PressRelease P N Gadgil Jewellers Limited Commenting on the performance, Dr. Saurabh Gadgil, Chairman & Managing Director, PN Gadgil Jewellers Limited, said,"We are delighted to commence FY27 on a strong note, delivering our highest-ever first quarter with revenue of ₹24,130 million, representing 41% year-on-year growth, while EBITDA increased by 57% & ProfitAfterTaxincreasedby52%.ThisperformancereflectsthestrengthofthePNGbrand,healthyconsumer demand across categories and our continued focus on disciplined execution, operational excellence and customer-centricinnovation. Beyond the strong financial performance, we continue to strengthen the quality of our business. Our retail business continues to gain share, while increasing traction in studded jewellery and encouraging customer responsetoLiteStylebyPNGaresupportingaricherproductmix.OurrecentlylaunchedstoresacrossNorthern and Central India have demonstrated a meaningfully higher stud ratio, reinforcing our confidence in these markets and validating our expansion strategy. Additionally, our Gold Bars & Coins business continues to strengthen long-term customer engagement, with an increasing proportion of GBC purchases being converted intojewellery. Looking ahead, our focus remains on disciplined expansion, with a healthy store rollout pipeline for the remainderoftheyear,particularly acrosshigh-potentialmarkets inNorthIndia.We also remain committed to further strengtheningourriskmanagementf [Showing first 8,000 characters — download PDF for full document]