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PNGS Reva Diamond Jewellery Q2 revenue ex-gold jumps 46% to Rs 120.54 crore despite no festive days

PNGS Reva Diamond Jewellery had nine festive days in its year-ago quarter and none this year, yet ex-gold revenue rose 46.25 per cent in Q2 FY27. It has 38 points of sale, plans around 15 COCO stores within 24 months of its IPO, and launched e-commerce.

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The numbers

Figures from ET Retail

H1 FY27 revenue excluding gold sales: Rs 236.53 crore
Q2 revenue growth including gold sales: 17.46%

Why it matters to operators and investors

Ex-gold revenue grew 46.25% against 17.46% growth including gold, which suggests mix is shifting toward higher-value diamond jewellery, but margins, working capital and the cost of the 15-store company-owned rollout still need checking before the H1 +75.75% is extrapolated.

What to watch next

  • Q3 FY27 ex-gold revenue growth against the 46.25% posted in Q2
  • Number of points of sale rising above the current 38, and COCO store opening announcements
  • Early disclosure of e-commerce contribution to revenue
  • Gap between total revenue growth (17.46% in Q2) and ex-gold growth narrowing or widening
  • Margin and inventory commentary in the next results release

The source

Source Read the source at ET Retail

Filed

Confirmed by Indian Retailer, IMAGES Business of Fashion, BW Retail World

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