Buy PN Gadgil Ltd For Target Rs.750 By Motilal Oswal Financial Services Ltd
Strong double-digit revenue growth; on track with store expansion
PN Gadgil (PNG) released its pre-quarterly update for 3QFY25. Here are the key takeaways:
Revenue
* The company posted ~24% YoY (est. 19% in 3QFY25, 46% in 2QFY25) consol. revenue growth during the quarter.
* The growth was driven by a strong increase in same store sales growth and strong festive demand during Dussehra, Diwali, and the wedding season.
* The Retail segment posted ~42% YoY revenue growth in 3QFY25.
* The Franchise segment posted 87% YoY revenue growth and the E? commerce segment posted 98% YoY revenue growth during the quarter.
* The Diamond (Studded) segment posted 40% YoY revenue growth.
Stores
* The company is on track to open 12 stores, having launched nine stores over nine consecutive days during Navratri in Oct’24, with three additional stores scheduled to open in 4QFY25.
For More Research Reports : Click Here
For More Motilal Oswal Securities Ltd Disclaimer
http://www.motilaloswal.com/MOSLdisclaimer/disclaimer.html
SEBI Registration number is INH000000412
