P N Gadgil Jewellers Limited

rs,

Date: May 14, 2026 To, BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400001 Scrip Code: 544256 Subject: Investor Presentation Dear Sir/Madam,

9.9%

4,51,407 INR Average Revenue per Sq Ft for FY26 1,376.8 Mn Average Revenue per Store for FY26 9.9% Retail Stud Ratio for FY26 100.2 K Average Transaction Value for FY26 42.8% SSSG for FY26

42.8%

Store for FY26 9.9% Retail Stud Ratio for FY26 100.2 K Average Transaction Value for FY26 42.8% SSSG for FY26 52.5 Mn Net Profit per Store for FY26 3.8x Inventory Turnover Ratio for FY26

3.8x

verage Transaction Value for FY26 42.8% SSSG for FY26 52.5 Mn Net Profit per Store for FY26 3.8x Inventory Turnover Ratio for FY26 0 4 From 1832 to Today: The Evolution of PNG Jewellers “P

73.8%

llery Collection 2019 in the Times Retail Icon Category. Got listed on the BSE at a premium of 73.8% and on the NSE at a premium of 72.9%. Shri Ganesh Narayan Gadgil incepted jewellery store in

72.9%

ail Icon Category. Got listed on the BSE at a premium of 73.8% and on the NSE at a premium of 72.9%. Shri Ganesh Narayan Gadgil incepted jewellery store in Sangli, Maharashtra. To expand the b

55%

f the lowest organized jewellery retail penetration levels globally, with FY30P organized share at ~55% versus China at 72% and the USA at ~95%. ,,. ------------------------------------------------------

72%

ed jewellery retail penetration levels globally, with FY30P organized share at ~55% versus China at 72% and the USA at ~95%. ,,. --------------------------------------------------------------------------

95%

penetration levels globally, with FY30P organized share at ~55% versus China at 72% and the USA at ~95%. ,,. ----------------------------------------------------------------------------------------------

17%

6 ■ COCO ■ FOCO ' ,,------------- ' ' ' ' ' ' ' ' ' ' ' ' ' ' _____ .... By Format 17% 83% ■ Legacy ■ Litestyle ' i ' ' ' ' ' ' : ' ' ' ' ' ' ' ' ' ' : : ' ' ' ' :

83%

COCO ■ FOCO ' ,,------------- ' ' ' ' ' ' ' ' ' ' ' ' ' ' _____ .... By Format 17% 83% ■ Legacy ■ Litestyle ' i ' ' ' ' ' ' : ' ' ' ' ' ' ' ' ' ' : : ' ' ' ' : ' '

7%

' ' ' ' ' ' : : ' ' ' ' : ' ' ' ' ' ' ' ' ' ' : ' ' ' ' ' ' ' ' ' ' ' COCO Stores 7% 18% 75% ■ Large Format Medium Format Small Format 101,347 84,648 16,699 FY24 165,260 1

“Average bridal spend ₹2.8L (FY20) → ₹5.2L (FY25); organized players now capture 62% of bridal spend vs 41% in FY20.”

“Others 31,878.1 15,692.9 103.1% Others 3,565.0 189.4 1782.7% Revenue from Operations 35,443.1 15,882.2 123.2% , - - - - - - - - - - - - - - - - - - - - - - - - - - - - - For FY26, Revenue excluding the other segment delivered a Y-o-Y l, __________________________________________________________ ; I growth of 56.4% I ----------------------- I ~ I Particulars (INR Mn) FY26 FY25 Y-o-Y Revenue Excl.”

Store Formats

1

Marriage Seasons

1

Agriculture Influence

1

Festive Boost

1

Company

1

Investor Relations Partner

1

Store Formats

▪ > 2,500 sq ft – Large Format Stores ▪ 1000 to 2,500 sq ft – Medium format stores ▪ < 1,000 sq ft stores – Small format stores ______ .... 14 0 ' ' ' ' ' ' ' ' ' (, .. ------- ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' Investor Presentation – Q4FY26 PNG Jewellers & LiteStyle by PNG: A Complementary Growth Strategy ■ PNG JEWELLERS (Legacy Stores) 65 48 – COCO | 17 – FOCO ₹ 93,515 Mn 3.8x 9.9% ... .... ~ .. .... ,_ .. ••• METRIC No. of Stores (As on 31ˢᵗ Mar 2026) Revenue Contribution (In FY26) Stock Turnover Ratio (In FY26) Stud Ratio (In FY26) LITESTYLE by PNG (LiteStyle Stores) 13 Full format & 14 Shop-in-Shops* 9 – COCO | 4 – FOCO | *All SIS are in COCO Stores ₹ 708 Mn 1.0x 31.2% 3,500 Sq Ft Premium experience with wide range ■■ ■■ Average Store Size 1,200 Sq Ft Accessible luxury for aspirational buyers ~₹60 Cr ₹1,00,225 $ Investment per Store (Inventory + Capex) ~ ₹ ATV (Indicative) Note: Stock turnover ratios shown above pertain to matured stores only ~₹

Festive Boost

Gold and silver jewelry sales rise during Diwali, Dhanteras (Oct-Nov), Navratri (Oct), Sawan (Jul – Aug) and Akshaya Tritiya (Apr-May) Source: IBEF Deloitte Report & Technopak Industry Report Investor Presentation – Q4FY26 Gold jewellery holds aspirational value in India Gold, whether sold as jewellery, bars, or coins, experiences organic demand, unlike lifestyle retail categories such as footwear and apparel Jewelry retailing carries no inventory obsolescence risk, as products can be recycled and repurposed into new designs Standalone store: Rent 2–3% of revenue vs Apparel 8–12% vs Footwear 8–10%; with Franchise / shop-in- shop format: Rent effectively 0–0.5% (franchisee bears cost), royalty 3–5% - even lower cost base As a high-ticket item, jewelry has a lower relative cost for rent, staffing, and promotions compared to footwear and apparel, with the majority of store setup costs allocated to inventory. Making charges as percentage of invoice value have increased for organized player

Company

P N Gadgil Jewellers Limited CIN: L36912PN2013PLC149288 Email ID: Investor.relations@pngadgil.com Tel: +91 020 4478474 Website: www.pngjewellers.com

Investor Relations Partner

~ X-B4 X-B4 Advisory LLP Rasika Sawant / Gautam Kothari Tel: +91 95944 57518 / +91 79776 16640 Email ID: rasika@x-b4.com / gautam@x-b4.com Website: www.x-b4.com