Updates

Date: July 07, 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: Quarterly Update – Q1 FY27 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 the Quarterly Update for Q1 FY27. This is for your information and records. Thank 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 P N Gadgil Jewellers Limited P N Gadgil Jewellers Limited - Quarterly Update Q1 FY27 Revenue Update The Company delivered a strong performance in Q1 FY27, repor(cid:415)ng robust revenue growth of 41% YoY. The Retail segment grew 56% YoY, with robust same-store sales growth (SSSG) of 46% YoY as the primary driver, indica(cid:415)ng that the growth was substan(cid:415)ally organic in nature, driven by deeper customer engagement at exis(cid:415)ng stores. As a result, the Retail segment contributed around 78% of the total revenue, which is meaningfully higher on a YoY basis. Franchise and E-com business grew by 8% & 20% respec(cid:415)vely YoY. Share of gold bullion sales in Retail revenue is normalized and on a stable level of ~ 22% as compared to a higher share in the previous quarter. The consistent reduc(cid:415)on in the lower-margin bullion business, alongside the rising contribu(cid:415)on of retail and studded jewellery, con(cid:415)nues to drive a structural improvement in the overall quality of revenue. Product Mix The Company recorded strong growth across categories. Diamond jewellery growth reflects the growing consumer preference for studded jewellery across our exis(cid:415)ng and new markets. As a result, the studded jewellery mix improved, with the retail stud ra(cid:415)o rising to 10.9% Notably, our recently launched stores across Northern and Central India, though s(cid:415)ll contribu(cid:415)ng around 3.4% of Retail sales, are already recording a meaningfully higher stud ra(cid:415)o than our established network in Maharashtra and Goa. This early evidence validates our strategy of expanding into new geographies where the preference for studded jewellery is structurally stronger. As the contribu(cid:415)on of these stores rises with the planned expansion over the coming quarters, this mix advantage is expected to scale meaningfully at the company level. Opera(cid:415)onal Highlights During the quarter, our focus remained on strengthening the performance of the exis(cid:415)ng network, advancing site iden(cid:415)fica(cid:415)on and franchise partner onboarding for upcoming launches, and building the opera(cid:415)onal readiness required to execute the expansion pipeline for the remainder of the year. The total store count as of June 30th, 2026, stood at 78 (77 in India and 1 in the U.S.A.), with the store rollout for the year planned from the subsequent quarters onwards, in line with our phased expansion calendar. Outlook for FY27 Financial performance for the quarter remains in line with our previously stated Gross margin and EBITDA margin guidance for FY27, and we remain confident of delivering on the same. P N Gadgil Jewellers Limited Further, we remain on track with our stated plan of opening ~25 new stores during the fiscal year, taking the total store count to ~103 by the end of FY27. The rollout will be phased across the remaining three quarters of the year, with a progressively accelera(cid:415)ng launch calendar and a franchise-led approach across both Legacy and LiteStyle formats; deepening our presence in Maharashtra while progressively expanding into U(cid:425)ar Pradesh, Bihar, Central India and the NCR region. Note: This update provides a summary of the company’s financial performance for the quarter ended June 30th, 2026. The results are subject to limited review by the Statutory Auditors. Upon approval by the Board of Directors, a detailed informa(cid:415)on update will follow. The revenue figures men(cid:415)oned above represent revenue from the sale of goods. About Us: Established in 1832, P N Gadgil Jewellers Limited is a leading jewellery retailer in India with around 194 years of heritage. The Company offers a wide range of gold, silver, diamond, and pla(cid:415)num jewellery for weddings, fes(cid:415)vals, and daily wear. The por(cid:414)olio also includes a dedicated sub-brand, Litestyle by PNG, catering to the growing demand for stylish and lightweight jewellery. As of June 30th, 2026, the Company operates 78 retail stores (77 in India and 1 in the U.S.A.). Under the leadership of Chairman & Managing Director Dr. Saurabh Gadgil, a sixth-genera(cid:415)on entrepreneur with over 25 years of experience, P N Gadgil Jewellers has evolved into a contemporary brand with strong customer trust and loyalty. P N Gadgil Jewellers Limited Investor Rela(cid:415)ons: X-B4 Advisory CIN: L36912PN2013PLC149288 Name: Rasika Sawant / Gautam Kothari Email ID: investor.rela(cid:415)ons@pngadgil.com Email ID: rasika@x-b4.com / gautam@x-b4.com Tel: +91 020 4478474 Tel: +91 95944 57518 / +91 79776 16640 Website: www.pngjewellers.com Website: www.x-b4.com