PNGS Reva Diamond Jewellery Limited reported a significant business update for the quarter ended June 30, 2026 (Q1 FY27). The company achieved a strong revenue growth of 119.49% year-on-year (YoY) when including gold sales, and 122.35% YoY excluding gold sales. This growth was attributed to healthy consumer demand, strong volume increases, festive purchases during Akshaya Tritiya, and robust sales during the monsoon season. This marks the second consecutive quarter where the company has experienced over 100% YoY revenue growth, highlighting its sustained growth trajectory. During the Akshaya Tritiya festival, revenue reached ₹127.27 Million, a substantial increase from ₹34.63 Million in the previous year, signifying a 268% YoY growth. In terms of retail expansion, PNGS Reva Diamond Jewellery Limited increased its total store count to 37 as of the reporting date. This includes 3 EBO’s/COCO stores and 34 SIS Stores, compared to 36 stores (2 EBO’s/COCO and 34 SIS Stores) as of March 31, 2026. The recently opened COCO stores are performing as expected. The company is on track with its plan to open approximately 15 new COCO stores within the next 24 months from its IPO date, with a primary focus on Tier 1 cities, and selective expansion into Tier 2 cities and metro markets across Maharashtra and key North India regions. The company maintains a positive outlook on demand, supported by recent corrections in gold prices, which are anticipated to stimulate jewellery purchases leading up to the upcoming wedding season. The ongoing shift towards branded jewellery is also expected to create a favorable demand environment. The Revenue from Operations for Q1FY27, including gold sales, stood at ₹1,179.73 Million (approximately ₹117.97 crore), compared to ₹537.49 Million (approximately ₹53.75 crore) in Q1FY26. The Revenue from Operations for Q1FY27 includes ₹198.6 Million (approximately ₹19.86 crore) in gold sales, compared to ₹158.4 Million (approximately ₹15.84 crore) in Q1FY26. The reported gold sales pertain to gold received from customers as part of the payment for diamond jewellery, which is primarily used in manufacturing new jewellery, with the reported sale representing only the excess gold.
