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What PNGJL management said they would do

PNGJL management's promises, guidance and forward-looking statements, gathered from investor presentations and earnings calls.

24 forward-looking statements across 2 occasions, quoted from filings. 1 quarters have been filed since the earliest.

River doesn't say whether any of these were kept. That reading is yours.

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Across the whole exchange in October 2026, companies announced ₹12,583 Cr of orders — 94 filings from 68 companies.

August 2026

earnings callnothing filed since

“we are looking at around a 65 to 70 store mark now for litestyle and as we go ahead in the next few years we should be aiming to reach the 100 store mark for litestyle”

no horizon givenshare this one

“we remain committed to opening around 25 stores during FY2027, taking our network to approximately 103 stores by the year-end”

FY27share this one

“Next year, '27, '28, we plan to add round about 37 stores again with the proceeds which we will have from the profits which will accrue. So we will be adding 37 more stores and the COCO count will become 86 and the franchise stores will be 54 and the total count will be 140.”

FY28share this one

“103 becomes 140, 140 becomes 177”

FY29share this one

“as of March 2029, we should be at a number of around 177 stores, out of which 113 would be the PNG legacy stores and around 64 would be litestyle stores”

by March 2029share this one

“FY29 we plan to reduce it by INR500 crores to INR600 crores and will be below INR1,000 crores by FY29 and in couple of more years we should be debt-free in next let's say four to five years”

by FY29share this one

“at a PAT level, we should be in the range of 4.7% by FY29 and more”

FY29share this one

“we should be upwards 4% between 4.1% to 4.25% is what we are targeting, Naveen”

FY27share this one

“the other expenses as we said will be in the range of let's say 3% roundabout of the total sale”

FY27share this one

“Range of roughly INR400 crores is what we're looking at for the entire year”

FY27share this one

“our current ratio -- studded ratio is around 34%, which we in the next 12 months expect to be doubling from here”

next 12 monthsshare this one

“80% I feel should be doable before Diwali or maybe quarter three. We can target 80% to be around about quarter three and next year we should be touching 90% plus 100% there in the range of 90% to 100%”

Q3 FY27 / FY28share this one

source filing

May 2026

earnings call1 quarter since

“the company remains committed to the gross margin guidance of around 12 to 13% with the EBITDA of 7 to 7.5% and a PAT of 4%”

no horizon givenshare this one

“old gold today is around 40% of our entire business, and we expecting that this the old gold trend picks up, we should be at around 50% plus, as far as old jewellery to new jewellery is concerned”

no horizon givenshare this one

“we are currently maintaining a guidance of INR13,500 crores revenue along with an EBITDA margin of 7% to 7.5% and a PAT margin of 4% for FY27”

FY27share this one

“we plan to open 5 COCO and 20 franchise for this year”

FY27share this one

“we'll on the asset-light model for the year. So, of 25 stores, we'll try to do five to seven COCO and the balance will be FOCO”

FY27share this one

“next year we should be at 75% to 80%”

FY27share this one

“the guidance for the retail, which we have taken under in our AOP, is around INR9,800 crores, which is a 23% increase”

FY27share this one

“we should be at around 25% for this financial year”

FY27share this one

“we are also venturing into Gujarat”

FY27share this one

“we'd be also looking at Gurgaon, which again is a I mean neighbouring to UP but Haryana”

FY27share this one

“we have time till September end 2027”

by September 2027share this one

“Further, we plan to take it to 80% to remove the complete volatility in the margins”

no horizon givenshare this one

source filing

What PNGJL has filed since

Q1 FY27₹2423 Cr income · ₹141 Cr operating

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What other management teams have said

ANNAPURNAPWLMANORAMAYATHARTHIDEAFORGERBZJEWEL

Quoted from filings published by the National Stock Exchange of India. River is not an investment adviser and does not give investment advice.