PNGS Reva Q1 FY27: Profit up 265%, revenue 119%

Key takeaway from the quarter

PNGS Reva Diamond Jewellery Limited reported a sharp year-on-year jump in profitability for the quarter ended June 30, 2026 (Q1FY27). Net profit rose to ₹272.10 million, compared with ₹74.48 million in Q1FY26. The company attributed the quarter’s momentum mainly to strong demand for diamond-studded jewellery, while also flagging inventory adjustments as a factor that supported margins. Revenue from operations increased materially, reflecting higher volumes and seasonal buying. The update also outlined the company’s retail expansion progress and the status of IPO proceeds.

Profit up 265% as revenue more than doubles

For Q1FY27, revenue from operations came in at ₹1,179.73 million versus ₹537.49 million in Q1FY26, a year-on-year increase of 119.49%. Other income contributed ₹55.76 million, taking total income to ₹1,235.49 million. Total expenses were reported at ₹871.51 million, leading to profit before tax (PBT) of ₹363.98 million. Tax expense for the quarter was ₹91.88 million. After tax, profit stood at ₹272.10 million.

Earnings per share also improved

Earnings per share (basic and diluted) were ₹8.58 for Q1FY27, up from ₹3.41 in Q1FY26. The company’s disclosure presented the rise in EPS alongside the growth in net profit and revenue, indicating that the increase in profitability translated into higher per-share earnings for shareholders. The quarter’s results were presented as part of the company’s reporting for the period ended June 30, 2026.

What drove the operating performance

The company linked the revenue increase to strong demand for diamond-studded jewellery, supported by volume growth and seasonal buying. It specifically cited festive buying during Akshaya Tritiya and healthy sales during the monsoon season as contributors to the quarter’s performance. The revenue update noted that Q1FY27 was the second consecutive quarter in which the company recorded over 100% year-on-year revenue growth. Separately, the company stated that inventory adjustments supported margins, although it did not quantify the impact in the figures provided.

Gold sales were included in reported revenue

PNGS Reva stated that its revenue from operations includes incidental gold sales. Gold sales were ₹19.86 million in Q1FY27, compared with ₹15.84 million in Q1FY26. The company also disclosed an alternative growth rate excluding gold sales, indicating 122.35% year-on-year growth on that basis, versus 119.49% including gold sales. The disclosures position the core diamond jewellery business as the primary driver, with gold sales being a smaller component.

Akshaya Tritiya sales grew 268%

The company highlighted a strong festive window during Akshaya Tritiya. Revenue during Akshaya Tritiya was ₹127.27 million in Q1FY27, compared with ₹34.63 million in the previous year, translating into 268% year-on-year growth. This data point was presented as evidence of stronger consumer demand and improved festive conversion during the quarter. The company also referenced this festive performance as part of its broader commentary on volume growth.

Store network expands to 37 locations

PNGS Reva reported that it opened a new exclusive brand store (COCO) at Amanora Mall in Pune, located at Ground Floor, West Block, Amanora Park Township, Mundhwa Road, Hadapsar Kharadi Bypass, Hadapsar, Pune - 411028. Following this opening, the total store count increased to 37 stores. The network is reported as 3 EBOs or COCO stores and 34 SIS (Shop-in-Shop) stores. The company compared this with 36 stores as of March 31, 2026, when it had 2 EBOs or COCO stores and 34 SIS stores.

IPO proceeds: ₹2,845.63 million unutilized

As of June 30, 2026, the company reported ₹2,845.63 million of net IPO proceeds remained unutilized. The update linked these proceeds to future store expansions. While the filing did not provide a quarter-wise utilisation schedule in the details shared, the figure indicates available capital for the planned retail footprint build-out. The business update also mentioned a plan to open approximately 15 new COCO stores over the next 24 months.

Market snapshot and upcoming earnings call

On the market side, the stock was reported as last trading on the BSE at ₹421.85 versus a previous close of ₹413.50. Another update cited the stock trading on the NSE at ₹424.45, up 2.81% from the previous closing price (as of July 08, 2026 at 10:12 AM). Separately, the company scheduled its Q1FY27 earnings call for July 29, 2026 at 4:30 PM IST. CEO Amit Modak and Non-Executive Director Aditya Modak are set to lead the discussion on financial results and industry trends.

Key numbers at a glance

Dial-in details for July 29 earnings call

Why the update matters

The Q1FY27 numbers show a period of rapid scale-up, with revenue more than doubling year-on-year and net profit rising faster than revenue. The operational narrative ties the performance to festive demand, broader seasonal buying, and continued retail expansion. The disclosures on gold sales clarify that the reported revenue growth is primarily driven by the company’s core diamond jewellery activity, with a smaller gold contribution. The unutilized IPO proceeds figure and the stated plan for COCO store additions frame the next phase of expansion that the company has discussed.

Conclusion

PNGS Reva Diamond Jewellery’s Q1FY27 performance combined strong top-line growth with a significant increase in net profit and EPS. The company also reported a higher store count and disclosed ₹2,845.63 million in unutilized IPO proceeds earmarked for expansion. Investors will get additional context when the company holds its Q1FY27 earnings call on July 29, 2026 at 4:30 PM IST.