P N Gadgil Jewellers plans QIP to lower promoter stake below 75%, board approval secured.
Management anticipates higher Q3/Q4 expenses from expansions, but confident in EBITDA target.
Livesquawk •
P N Gadgil aims for 80% studded inventory, 30-35% margins.
Plans to cut loans by INR 500-600 cr, be debt-free in 4-5 years.
Livesquawk •
PN Gadgil Jewellers targets PAT margin of 4.5%-4.7% by FY29, up from 4.4%.
Plans 80% hedging by Q3 FY27, 90%-100% next year, full hedging by FY28.
Livesquawk •
P N Gadgil Jewellers plans to open 177 stores by March 2029, split into 113 Legacy and 64 Lifestyle outlets.
The company estimates INR 400 cr expenses (3% of sales) and targets a 7% EBITDA margin.