Stock Report

PNGS Reva Diamond Jewellery Ltd - Q1FY27 Business Update

Posted On : 2026-07-11 13:15:16( TIMEZONE : IST )

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.

PNGS Reva Diamond Jewellery Limited has delivered a stellar performance for the first quarter of the fiscal year 2027, showcasing massive top-line acceleration. According to the company's latest business update, revenue from operations skyrocketed to Rs 1,179.73 million in Q1FY27, up from Rs 537.49 million recorded in the corresponding quarter of the previous year (Q1FY26).

This remarkable surge represents an overall year-on-year growth rate of 119.49% when accounting for all operations, including gold sales.

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-March2026.

- 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.

Shares of PNGS Reva Diamond Jewellery Limited was last trading in BSE at Rs. 421.85 as compared to the previous close of Rs. 413.50. The total number of shares traded during the day was 3201 in over 199 trades.

The stock hit an intraday high of Rs. 428.00 and intraday low of 415.55. The net turnover during the day was Rs. 1355232.00.