{"id":297485,"date":"2026-10-09T11:00:19","date_gmt":"2026-10-09T05:30:19","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=297485"},"modified":"2026-10-09T11:00:19","modified_gmt":"2026-10-09T05:30:19","slug":"pn-gadgil-jewellers-share-price-09102026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/pn-gadgil-jewellers-share-price-09102026\/","title":{"rendered":"PN Gadgil Jewellers Share Price: Q2 Revenue Growth of 22.4% Slows From 40.7% in Q1 as the Opening Gain Fades"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>PN Gadgil Jewellers share price Rs 589 (+0.46%). Q2 revenue +22.4% vs +40.7% in Q1. P\/E 19.34. Market cap Rs 8,625 crore. Opened near Rs 610. Data 10:23 am IST, 9 Oct 2026.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">PN Gadgil Jewellers share price is Rs 589 on the NSE at 10:23 am, up 0.46%, after the company reported 22.4% revenue growth for the September quarter, helped by retail strength and festive demand. The stock opened near Rs 610, about 4% higher, but gave up most of the gain as the quarter&#8217;s growth came in well below the 40.7% reported for the June quarter. At a P\/E of 19.34 against an industry average of 45.91, the valuation is lower than peers, but debt-to-equity of 0.89 and gold price swings are risks. This is a business update, so profit and margin details will come with the full results.<\/p>\n<\/p><\/div>\n<p>PN Gadgil Jewellers share price opened strongly on Friday but could not hold the gain. The stock gapped up to Rs 609.90, touched Rs 614.90 and then fell as low as Rs 578.30 before settling near Rs 589. The trigger was a business update showing revenue growth of 22.4% for the September quarter.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=pn-gadgil-jewellers-share-price-09102026\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<p>The headline looks healthy, but it is slower than the 40.7% growth in the June quarter. This note explains the numbers, what festive demand means for jewellery retailers, and where the PN Gadgil Jewellers share price stands on valuation, charts and risks.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/pn-gadgil-jewellers-share-price-09102026\/#What_Did_PN_Gadgil_Jewellers_Report_for_Q2\" title=\"What Did PN Gadgil Jewellers Report for Q2?\">What Did PN Gadgil Jewellers Report for Q2?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/pn-gadgil-jewellers-share-price-09102026\/#PN_Gadgil_Jewellers_Share_Price_Data\" title=\"PN Gadgil Jewellers Share Price Data\">PN Gadgil Jewellers Share Price Data<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/pn-gadgil-jewellers-share-price-09102026\/#Why_Did_the_PN_Gadgil_Jewellers_Share_Price_Fade_After_a_Strong_Open\" title=\"Why Did the PN Gadgil Jewellers Share Price Fade After a Strong Open?\">Why Did the PN Gadgil Jewellers Share Price Fade After a Strong Open?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/pn-gadgil-jewellers-share-price-09102026\/#Store_Expansion_and_Festive_Demand\" title=\"Store Expansion and Festive Demand\">Store Expansion and Festive Demand<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/pn-gadgil-jewellers-share-price-09102026\/#Technical_View_Chart_Levels_to_Know\" title=\"Technical View: Chart Levels to Know\">Technical View: Chart Levels to Know<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/pn-gadgil-jewellers-share-price-09102026\/#Is_the_Stock_Attractively_Valued\" title=\"Is the Stock Attractively Valued?\">Is the Stock Attractively Valued?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/pn-gadgil-jewellers-share-price-09102026\/#Risks_to_the_PN_Gadgil_Jewellers_Share_Price\" title=\"Risks to the PN Gadgil Jewellers Share Price\">Risks to the PN Gadgil Jewellers Share Price<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/pn-gadgil-jewellers-share-price-09102026\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/pn-gadgil-jewellers-share-price-09102026\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/pn-gadgil-jewellers-share-price-09102026\/#What_is_the_PN_Gadgil_Jewellers_share_price_today\" title=\"What is the PN Gadgil Jewellers share price today?\">What is the PN Gadgil Jewellers share price today?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/pn-gadgil-jewellers-share-price-09102026\/#What_was_PN_Gadgil_Jewellers_Q2_revenue_growth\" title=\"What was PN Gadgil Jewellers&#8217; Q2 revenue growth?\">What was PN Gadgil Jewellers&#8217; Q2 revenue growth?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/pn-gadgil-jewellers-share-price-09102026\/#Why_did_the_PN_Gadgil_Jewellers_share_price_fall_from_its_high_today\" title=\"Why did the PN Gadgil Jewellers share price fall from its high today?\">Why did the PN Gadgil Jewellers share price fall from its high today?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/pn-gadgil-jewellers-share-price-09102026\/#How_does_Q2_growth_compare_with_Q1_for_PN_Gadgil_Jewellers\" title=\"How does Q2 growth compare with Q1 for PN Gadgil Jewellers?\">How does Q2 growth compare with Q1 for PN Gadgil Jewellers?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/pn-gadgil-jewellers-share-price-09102026\/#Is_the_PN_Gadgil_Jewellers_share_price_undervalued\" title=\"Is the PN Gadgil Jewellers share price undervalued?\">Is the PN Gadgil Jewellers share price undervalued?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/pn-gadgil-jewellers-share-price-09102026\/#What_are_the_52-week_high_and_low_of_PN_Gadgil_Jewellers\" title=\"What are the 52-week high and low of PN Gadgil Jewellers?\">What are the 52-week high and low of PN Gadgil Jewellers?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/pn-gadgil-jewellers-share-price-09102026\/#What_are_the_risks_of_investing_in_PN_Gadgil_Jewellers\" title=\"What are the risks of investing in PN Gadgil Jewellers?\">What are the risks of investing in PN Gadgil Jewellers?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/pn-gadgil-jewellers-share-price-09102026\/#Should_I_buy_PN_Gadgil_Jewellers_shares_now\" title=\"Should I buy PN Gadgil Jewellers shares now?\">Should I buy PN Gadgil Jewellers shares now?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 style=\"font-weight:700;\"><span class=\"ez-toc-section\" id=\"What_Did_PN_Gadgil_Jewellers_Report_for_Q2\"><\/span><strong>What Did PN Gadgil Jewellers Report for Q2?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The company said revenue rose 22.4% in the September quarter, driven by strength in its retail business and festive demand. This was a business update, not a full results release, so profit, margins and the absolute revenue figure were not part of the headline.<\/p>\n<p>The June quarter gives a useful comparison. Revenue then rose 40.7% to Rs 2,413 crore, same-store sales grew 46.1%, and retail contributed 78% of revenue against 70% a year earlier. Profit after tax rose 51.9% to Rs 105.3 crore, and the EBITDA margin was 8.0%.<\/p>\n<p>Q2 growth is 18.3 percentage points slower than Q1. A 22.4% rise is still solid for a jewellery retailer, but the slower pace helps explain why the PN Gadgil Jewellers share price did not hold its opening gain. Media reports also described the same quarter last year as a strong festive period, which sets a high base.<\/p>\n<h2 style=\"font-weight:700;\"><span class=\"ez-toc-section\" id=\"PN_Gadgil_Jewellers_Share_Price_Data\"><\/span><strong>PN Gadgil Jewellers Share Price Data<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;margin:12px 0;\">\n<thead>\n<tr>\n<th style=\"border:1px solid #cccccc;padding:8px;background:#EBF3FB;text-align:left;\">Metric<\/th>\n<th style=\"border:1px solid #cccccc;padding:8px;background:#EBF3FB;text-align:left;\">Value<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #cccccc;padding:8px;\">Company<\/td>\n<td style=\"border:1px solid #cccccc;padding:8px;\"><a href=\"https:\/\/univest.in\/stocks\/pngjl\/pn-gadgil-jewellers-ltd-share-price-today\">PN Gadgil Jewellers Ltd.<\/a><\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #cccccc;padding:8px;\">PN Gadgil Jewellers share price (NSE)<\/td>\n<td style=\"border:1px solid #cccccc;padding:8px;\">Rs 589.00 (+0.46%)<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #cccccc;padding:8px;\">Previous close<\/td>\n<td style=\"border:1px solid #cccccc;padding:8px;\">Rs 586.30<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #cccccc;padding:8px;\">Open \/ high \/ low today<\/td>\n<td style=\"border:1px solid #cccccc;padding:8px;\">Rs 609.90 \/ Rs 614.90 \/ Rs 578.30<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #cccccc;padding:8px;\">52-week low \/ high<\/td>\n<td style=\"border:1px solid #cccccc;padding:8px;\">Rs 503 \/ Rs 736.40<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #cccccc;padding:8px;\">Market capitalisation<\/td>\n<td style=\"border:1px solid #cccccc;padding:8px;\">Rs 8,625 crore<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #cccccc;padding:8px;\">P\/E ratio (industry P\/E)<\/td>\n<td style=\"border:1px solid #cccccc;padding:8px;\">19.34 (45.91)<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #cccccc;padding:8px;\">Price to book value<\/td>\n<td style=\"border:1px solid #cccccc;padding:8px;\">3.24<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #cccccc;padding:8px;\">Return on equity<\/td>\n<td style=\"border:1px solid #cccccc;padding:8px;\">20.88%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #cccccc;padding:8px;\">Debt to equity<\/td>\n<td style=\"border:1px solid #cccccc;padding:8px;\">0.89<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The PN Gadgil Jewellers share price trades at a P\/E about 58% below the industry average of 45.91, while the return on equity of 20.88% is respectable. The company pays no dividend at present, according to its dividend yield of 0.00%.<\/p>\n<h2 style=\"font-weight:700;\"><span class=\"ez-toc-section\" id=\"Why_Did_the_PN_Gadgil_Jewellers_Share_Price_Fade_After_a_Strong_Open\"><\/span><strong>Why Did the PN Gadgil Jewellers Share Price Fade After a Strong Open?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The stock opened 4.0% above Thursday&#8217;s close of Rs 586.30 and reached Rs 614.90, a gain of 4.9%. It then fell to Rs 578.30, which is 1.4% below the previous close, before recovering to Rs 589. Of the opening gain of Rs 23.60, about 89% was given up by 10:23 am.<\/p>\n<p style=\"font-style:italic;color:#000000;margin:14px 0;\">Also read &#8211; <a href=\"https:\/\/univest.in\/blogs\/nifty-rebound-09102026\">Nifty Rebound Above 22,400: Why the Sensex Jumped Over 600 Points as IT and Banks Led the Recovery<\/a><\/p>\n<p>That pattern often reflects traders booking profit on news, but it also shows investors comparing 22.4% with the 40.7% reported for Q1. About 13.4 lakh shares had changed hands by 10:23 am, so the move in the PN Gadgil Jewellers share price was not on thin volume.<\/p>\n<h2 style=\"font-weight:700;\"><span class=\"ez-toc-section\" id=\"Store_Expansion_and_Festive_Demand\"><\/span><strong>Store Expansion and Festive Demand<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The company had 78 stores at 30 June 2026, of which 77 are in India and one is in the United States. It said a few launches were planned in Q2, with most of the year&#8217;s expansion in Q3 and Q4 of FY27. New stores added later in the year will therefore contribute more to growth in the second half, which is what the PN Gadgil Jewellers share price needs to see.<\/p>\n<p>The festive season matters because Diwali falls in the October to December quarter, which is the third quarter of the financial year. Jewellery retailers typically see a large share of annual sales around that period, so the festive quarter is the next test for the PN Gadgil Jewellers share price.<\/p>\n<p>Gold hedging is the other lever behind the PN Gadgil Jewellers share price. The company said it had about 70% hedge cover and aimed for 80% or more in the near term. Higher cover reduces margin swings when gold prices move.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Use the Univest Screener to compare small-cap retail stocks by P\/E, debt and RSI<\/strong><\/a><\/p>\n<h2 style=\"font-weight:700;\"><span class=\"ez-toc-section\" id=\"Technical_View_Chart_Levels_to_Know\"><\/span><strong>Technical View: Chart Levels to Know<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The chart for the PN Gadgil Jewellers share price is neutral to weak. The 14-day RSI is 43.47, the MACD line of -6.02 is just below its signal line of -5.97, and the SuperTrend band at Rs 633.85 is above the price.<\/p>\n<p>Reference levels for the PN Gadgil Jewellers share price are the 20-day average at Rs 596.44 and the SuperTrend band at Rs 633.85 on the upside, and today&#8217;s low of Rs 578.30, the lower SuperTrend band at Rs 565.18 and the 52-week low of Rs 503 on the downside. These are chart references, not a recommendation.<\/p>\n<h2 style=\"font-weight:700;\"><span class=\"ez-toc-section\" id=\"Is_the_Stock_Attractively_Valued\"><\/span><strong>Is the Stock Attractively Valued?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;margin:12px 0;\">\n<thead>\n<tr>\n<th style=\"border:1px solid #cccccc;padding:8px;background:#EBF3FB;text-align:left;\">Company<\/th>\n<th style=\"border:1px solid #cccccc;padding:8px;background:#EBF3FB;text-align:left;\">CMP (Rs)<\/th>\n<th style=\"border:1px solid #cccccc;padding:8px;background:#EBF3FB;text-align:left;\">P\/E<\/th>\n<th style=\"border:1px solid #cccccc;padding:8px;background:#EBF3FB;text-align:left;\">Market cap<\/th>\n<th style=\"border:1px solid #cccccc;padding:8px;background:#EBF3FB;text-align:left;\">Debt to equity<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #cccccc;padding:8px;\">PN Gadgil Jewellers<\/td>\n<td style=\"border:1px solid #cccccc;padding:8px;\">589.00<\/td>\n<td style=\"border:1px solid #cccccc;padding:8px;\">19.34<\/td>\n<td style=\"border:1px solid #cccccc;padding:8px;\">Rs 8,625 crore<\/td>\n<td style=\"border:1px solid #cccccc;padding:8px;\">0.89<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #cccccc;padding:8px;\"><a href=\"https:\/\/univest.in\/stocks\/kalyankjil\/kalyan-jewellers-india-ltd-share-price-today\">Kalyan Jewellers India<\/a><\/td>\n<td style=\"border:1px solid #cccccc;padding:8px;\">555.00<\/td>\n<td style=\"border:1px solid #cccccc;padding:8px;\">39.88<\/td>\n<td style=\"border:1px solid #cccccc;padding:8px;\">Rs 57,214 crore<\/td>\n<td style=\"border:1px solid #cccccc;padding:8px;\">0.97<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>PN Gadgil trades at roughly half the P\/E of Kalyan Jewellers, with a much smaller market capitalisation and a similar debt level. Lower valuation can reflect slower expected growth, smaller scale and lower liquidity, so the PN Gadgil Jewellers share price should not be read as an automatic discount.<\/p>\n<h2 style=\"font-weight:700;\"><span class=\"ez-toc-section\" id=\"Risks_to_the_PN_Gadgil_Jewellers_Share_Price\"><\/span><strong>Risks to the PN Gadgil Jewellers Share Price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The first risk is slowing growth. If the full Q2 results show weaker margins than the 8.0% in Q1, the market may re-rate the PN Gadgil Jewellers share price lower.<\/p>\n<p>The second is gold. A sharp rise or fall in gold prices changes customer demand and inventory values, and hedging covers only part of the exposure.<\/p>\n<p style=\"font-style:italic;color:#000000;margin:14px 0;\">Also read &#8211; <a href=\"https:\/\/univest.in\/blogs\/it-stocks-today-09102026\">IT Stocks Today Jump After TCS Q2 Results and US Visa Updates: Nifty IT Gains 3.4% as Infosys and Wipro Follow<\/a><\/p>\n<p>The third is debt and size. Debt to equity of 0.89 and a market capitalisation of Rs 8,625 crore mean the stock can swing sharply on small changes in sentiment. Finally, expansion plans depend on execution, and store launches can slip.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track the PN Gadgil Jewellers share price live and get daily stock ideas.<\/em><\/p>\n<h2 style=\"font-weight:700;\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The PN Gadgil Jewellers share price of Rs 589 reflects a mixed message: revenue growth of 22.4% is healthy, but it is well below the 40.7% of the June quarter and the opening gain of 4% did not last. The valuation is lower than peers, while the chart remains below its SuperTrend band.<\/p>\n<p>Investors tracking the PN Gadgil Jewellers share price may wait for the full Q2 results, watch the Rs 578 and Rs 565 support levels, use a stop-loss, and consult a SEBI-registered adviser.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data independently before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2 style=\"font-weight:700;\"><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3 style=\"font-weight:700;\"><span class=\"ez-toc-section\" id=\"What_is_the_PN_Gadgil_Jewellers_share_price_today\"><\/span><strong>What is the PN Gadgil Jewellers share price today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The PN Gadgil Jewellers share price was Rs 589 on the NSE at 10:23 am on 9 October 2026, up 0.46%. It opened at Rs 609.90 and has traded between Rs 578.30 and Rs 614.90 today.<\/p>\n<h3 style=\"font-weight:700;\"><span class=\"ez-toc-section\" id=\"What_was_PN_Gadgil_Jewellers_Q2_revenue_growth\"><\/span><strong>What was PN Gadgil Jewellers&#8217; Q2 revenue growth?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> PN Gadgil Jewellers reported revenue growth of 22.4% for the September quarter, helped by retail strength and festive demand. The update did not include profit or margin figures.<\/p>\n<h3 style=\"font-weight:700;\"><span class=\"ez-toc-section\" id=\"Why_did_the_PN_Gadgil_Jewellers_share_price_fall_from_its_high_today\"><\/span><strong>Why did the PN Gadgil Jewellers share price fall from its high today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The stock gave up most of its 4% opening gain, likely as traders booked profit and compared 22.4% growth with 40.7% in the June quarter. Volume was heavy at about 13.4 lakh shares by 10:23 am.<\/p>\n<h3 style=\"font-weight:700;\"><span class=\"ez-toc-section\" id=\"How_does_Q2_growth_compare_with_Q1_for_PN_Gadgil_Jewellers\"><\/span><strong>How does Q2 growth compare with Q1 for PN Gadgil Jewellers?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Q2 revenue grew 22.4% while Q1 revenue grew 40.7% to Rs 2,413 crore, so growth slowed by 18.3 percentage points. Q1 profit after tax rose 51.9% to Rs 105.3 crore.<\/p>\n<h3 style=\"font-weight:700;\"><span class=\"ez-toc-section\" id=\"Is_the_PN_Gadgil_Jewellers_share_price_undervalued\"><\/span><strong>Is the PN Gadgil Jewellers share price undervalued?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The stock trades at a P\/E of 19.34 against an industry average of 45.91, which is lower. A lower P\/E can reflect smaller size and slower growth, so the PN Gadgil Jewellers share price is not automatically undervalued.<\/p>\n<h3 style=\"font-weight:700;\"><span class=\"ez-toc-section\" id=\"What_are_the_52-week_high_and_low_of_PN_Gadgil_Jewellers\"><\/span><strong>What are the 52-week high and low of PN Gadgil Jewellers?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The 52-week high is Rs 736.40 and the 52-week low is Rs 503. At Rs 589 the stock is about 20% below the high and about 17% above the low.<\/p>\n<h3 style=\"font-weight:700;\"><span class=\"ez-toc-section\" id=\"What_are_the_risks_of_investing_in_PN_Gadgil_Jewellers\"><\/span><strong>What are the risks of investing in PN Gadgil Jewellers?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The main risks are slowing growth, gold price swings, debt to equity of 0.89, small-cap volatility and expansion delays. The company said it had about 70% hedge cover on gold.<\/p>\n<h3 style=\"font-weight:700;\"><span class=\"ez-toc-section\" id=\"Should_I_buy_PN_Gadgil_Jewellers_shares_now\"><\/span><strong>Should I buy PN Gadgil Jewellers shares now?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Whether to buy depends on your risk limit and horizon. Many investors wait for the full Q2 results, use a stop-loss and consult a SEBI-registered adviser before buying a small-cap stock.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the PN Gadgil Jewellers share price today?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The PN Gadgil Jewellers share price was Rs 589 on the NSE at 10:23 am on 9 October 2026, up 0.46%. 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What the numbers say and what to watch.<\/p>\n","protected":false},"author":34,"featured_media":297484,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[5326,9207],"class_list":["post-297485","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-jewellery-stocks","tag-pn-gadgil-jewellers"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["297484"],"rank_math_title":["PN Gadgil Jewellers Share Price: Q2 Growth Slows to 22.4%"],"rank_math_description":["PN Gadgil Jewellers share price is Rs 589 after Q2 revenue rose 22.4% against 40.7% in Q1. See festive demand, valuation, chart levels and the risks for investors."],"rank_math_focus_keyword":["PN Gadgil Jewellers share price"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/10\/pn-gadgil-jewellers-share-price-q2-revenue-growth-of-22-4-slows-from-40-7-in-q1.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/297485","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=297485"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/297485\/revisions"}],"predecessor-version":[{"id":297486,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/297485\/revisions\/297486"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/297484"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=297485"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=297485"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=297485"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}