P N Gadgil Jewellers (PNGJL) Q4 23/24 earnings summary

Executive summary

• FY24 revenue reached ₹61,120.22 million consolidated and ₹60,319.97 million standalone; net profit was ₹1,551.49 million consolidated and ₹1,541.87 million standalone.

• Growth was attributed to same-store sales, new store openings and improved gross margins; expansion plans include 12 new stores funded partly by IPO proceeds.

Financial highlights

• Consolidated revenue from operations was ₹61,120.22 million vs ₹45,072.59 million; total income ₹61,201.81 million vs ₹45,590.51 million.

• Consolidated PBT was ₹2,094.41 million vs ₹1,178.27 million; net profit ₹1,551.49 million vs ₹935.09 million.

• Standalone revenue from operations was ₹60,319.97 million vs ₹43,981.08 million; net profit ₹1,541.87 million vs ₹552.90 million.

• Consolidated basic/diluted EPS was ₹21.70/₹13.15 vs ₹16.94/₹7.92; standalone basic/diluted EPS was ₹21.56/₹13.07 vs ₹10.02/₹4.69.

Outlook and guidance

• Plans call for 12 new store openings using IPO proceeds, with remaining proceeds intended for full or partial repayment/prepayment of borrowings.

• The DRHP was filed with SEBI on March 27, 2024 and awaited approval at FY24 year-end; listing was planned on stock exchanges.