PNGS Reva Q2 FY27 Profit Rises 83.6% to Rs 23.29 Crore; Revenue Grows 17%
PNGS Reva Diamond Jewellery reported revenue from operations of Rs 120.54 crore for the quarter ended September 30, 2026, compared with Rs 102.97 crore in the corresponding quarter of the previous year, registering a 17% year-on-year increase. Total income stood at Rs 125.71 crore, including other income of Rs 5.24 crore.
Profit for the period increased to Rs 23.29 crore in Q2 FY27 from Rs 12.61 crore in Q2 FY26. Profit before tax rose to Rs 31.03 crore from Rs 16.98 crore in the year-ago quarter.
Total expenses for the quarter stood at Rs 94.76 crore, compared with Rs 86.11 crore in the corresponding quarter last year. The Board of Directors approved the financial results at its meeting held on October 26, 2026.
PNGS Reva Retail Store Expansion
As of October 26, 2026, PNGS Reva operated 34 shop-in-shop (SIS) stores with P. N. Gadgil & Sons Limited and five exclusive brand stores. The number of exclusive brand stores increased from two as of March 31, 2026.
The company is engaged in trading diamond jewellery, platinum jewellery and other precious stones. The expansion of its exclusive brand store network reflects its efforts to broaden its direct retail presence.
PNGS Reva Gold Sales
PNGS Reva reported gold sales of Rs 19.86 crore during the six months ended September 30, 2026. However, the company recorded no gold sales during the quarter ended September 30, 2026.
The company clarified that it receives gold from customers as part consideration for diamond jewellery purchases. This gold is primarily used to manufacture new jewellery, while sales occur when gold remains in excess of manufacturing requirements.
According to the company, it does not engage in gold bullion or commodity trading. Gold sales are incidental to its regular business operations.
PNGS Reva IPO Fund Utilisation
PNGS Reva allocated Rs 286.56 crore from its IPO proceeds towards expenditure for setting up 15 new stores. As of September 30, 2026, Rs 41.25 crore had been utilised for this purpose, leaving Rs 245.31 crore unutilised.
The company reported total net IPO proceeds of Rs 349.12 crore, of which Rs 65.52 crore had been utilised across the specified objects as of September 30, 2026. The company stated that unutilised IPO proceeds were temporarily held in fixed deposits and a monitoring account.
PNGS Reva Advance Tax Payment
For the financial year 2026-27, PNGS Reva had paid advance income tax aggregating Rs 10 crore up to October 26, 2026.
PNGS Reva Q2 FY27 Highlights
| Particulars | Details |
|---|---|
| Revenue from operations | Rs 120.54 crore, up 17% YoY |
| Profit for the period | Rs 23.29 crore, compared with Rs 12.61 crore in Q2 FY26 |
| Total income | Rs 125.71 crore |
| Profit before tax | Rs 31.03 crore |
| Total expenses | Rs 94.76 crore |
| SIS stores | 34 with P. N. Gadgil & Sons Limited |
| Exclusive brand stores | 5 as of October 26, 2026, compared with 2 as of March 31, 2026 |
| IPO allocation for 15 new stores | Rs 286.56 crore |
| IPO funds utilised for new stores | Rs 41.25 crore as of September 30, 2026 |
| Advance income tax paid | Rs 10 crore for FY27 up to October 26, 2026 |
What to Watch Next
- The pace of utilisation of IPO funds allocated for the 15 new stores will be an important measure of the company's expansion progress.
- The increase in exclusive brand stores from two to five provides an indicator of the company's direct retail expansion.
- Revenue and profit trends will be important to monitor as the company expands its store network.
- Changes in the jewellery sales mix, including the contribution from diamond-studded jewellery, may provide further insight into business performance in subsequent quarters.
Disclaimer
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