PNGS Reva’s H1 FY27 revenue excluding gold sales rose 75.75 per cent, while the company expanded its retail network to 38 points of sale
PNGS Reva reported a 46.25 per cent year-on-year increase in revenue from operations, excluding gold sales, to Rs 120.54 crore in Q2 FY27 from Rs 82.42 crore in the corresponding quarter last year. The company’s first-half revenue on the same basis rose 75.75 per cent to Rs 236.53 crore from Rs 134.58 crore.
Including gold sales, Q2 revenue increased 17.46 per cent year-on-year, while revenue for the first half of FY27 rose 52.19 per cent. The company said its quarterly growth was recorded despite the absence of festive days during the period, unlike last year when nine days of the Dussehra-Diwali season fell in Q2.
The company said the Q2 growth came despite the absence of festive days in the quarter. Nine days of the Dussehra-Diwali festive period fell in Q2 last year, while none fell in the July-September quarter this year.
PNGS Reva added two company-owned, company-operated outlets during the quarter, opening stores at Amanora Mall in Pune and in Nashik. The additions took its retail footprint to 38 points of sale, comprising four company-owned, company-operated stores and 34 shop-in-shop counters across its network.
Following its IPO, the company plans to establish around 15 additional company-owned, company-operated stores over the next 24 months. Its expansion strategy will focus primarily on tier 1 cities, while also targeting selected tier 2 locations and metropolitan markets as it expands its physical retail presence.
Reva also launched its e-commerce platform, revadiamonds.com, during the quarter, giving customers an online channel to buy certified natural diamond jewellery. The company expects the wedding season and the Dussehra-Diwali festive period to provide further demand support in the second half of FY27.
