<ul data-eligibleForWebStory="false"><li>Motilal Oswal reiterates Buy rating on PN Gadgil (PNG) shares with a target price of Rs 825, valuing the stock at 30 times Mar’27E earnings per share.</li><li>PNG is expected to expand Ebitda margins to 5.1%-5.2% over FY26-27 due to a better product mix, operating leverage, and efficient sourcing.</li><li>PNG plans to open 22-25 new stores in FY26, with retail revenue anticipated to grow over 35%. Franchisee and ecommerce channels are also projected to grow significantly.</li></ul>

'Buy' PN Gadgil Shares Reiterates Motilal Oswal — Here's Why

Discover more