National News
For Every Kind of Love: A Valentine’s Jewellery Edit by Kalyan Jewellers
Heartfelt designs that turn Valentine’s gifting into a timeless celebration of love, connection, and self-expression.
This Valentine’s Day, jewellery becomes more than a gift, it becomes an expression of emotion, connection, and personal meaning. From delicate heart-inspired motifs to contemporary designs accented with diamonds and subtle touches of colour, each piece is crafted to celebrate love in all its forms. Whether it’s a gesture of self-love, a symbol of a lifelong bond, or the start of something new, these timeless designs blend elegance with sentiment, creating keepsakes to be cherished long after Valentine’s Day has passed.
Golden Heart Pendant
Delicate yet deeply meaningful, this elegant pendant celebrates love through softly layered heart motifs finished with a subtle hint of sparkle. Designed to sit close to the heart, it makes a thoughtful Valentine’s Day gift perfect for everyday wear or as a quiet reminder of affection. A timeless piece that captures emotion in its simplest, most beautiful form.
Double Heart Ring
Soft, romantic, and effortlessly modern, this ring features two delicate heart motifs layered across sleek bands, accented with a gentle touch of sparkle. Designed to symbolise connection and togetherness, it’s perfect for everyday wear or as a meaningful Valentine’s Day gift. A subtle yet expressive piece that celebrates love in a beautifully understated way.
Forever in Bloom Bracelet
Delicate and charming, this bracelet features a graceful heart motif at the centre, framed by flowing gold lines and a soft pop of colour. Light and elegant in design, it sits beautifully on the wrist, making it perfect for everyday wear or a thoughtful Valentine’s Day gift. A subtle expression of affection, crafted to feel personal, playful, and timeless.
Bound by Love Ring
A romantic expression of connection and closeness, this heart-shaped ring features two gently intertwined outlines that symbolise love in constant motion. Accented with subtle sparkle, the design feels light, modern, and effortlessly elegant, perfect for everyday wear or as a meaningful Valentine’s gift. Whether worn as a promise, a celebration of togetherness, or a reminder of self-love, this piece captures the beauty of bonds that stay close to the heart.
Intertwined Hearts Bracelet
A graceful symbol of togetherness, this delicate bracelet features two fluid heart forms coming together in a soft, romantic embrace. Designed with gentle curves and subtle colour accents, it reflects the beauty of shared moments and intertwined journeys. Light yet expressive, the piece sits comfortably on the wrist, making it an effortless choice for everyday elegance or a heartfelt Valentine’s gift that celebrates love in its most natural, flowing form.
source : Kalyan Jewellers
National News
P N Gadgil Jewellers Delivers Robust 9M FY26 Performance with Revenue of ₹71,948 Mn, EBITDA Up 105.3% and PAT Growth of 104.5% YoY
Strong festive and wedding-led demand drives robust revenue growth, higher profitability, and improved store-level performance in Q3 and 9M FY26
P N Gadgil Jewellers Limited, one of the most reputed jewellers in the country, boasting around 193 years of excellence in craftsmanship and trusted service in the retail business of gold, silver, and diamond jewellery, announced its unaudited financial results for the quarter and nine months ended 31 st December, 2025.
During the period under review, total revenue excluding the other segment grew by 45.6% YoY (Q3 FY26 vs. Q3 FY25) and by 41.0% YoY (9M FY26 vs. 9M FY25). The following summary presents the revenue breakdown:
• Retail segment is 83.2% of our total sales, continues to lead the way, achieving an impressive Revenue growth of 46.2% an EBITDA margin of 10.1% and a PAT margin of 6.5%.
• For 9M FY26, average revenue per store stands at around Rs. 1,090.1 million, while net profit per store reached Rs. 48.4 million, demonstrating strong efficiency and profitability at the store level.
Operational Financial Highlights
• Product-wise Performance: For nine months ended FY26, the Silver category delivered a strong performance with 96% growth in value and 56% growth in volume, while Diamond sales also improved, recording over 50% rise in volume Y-o-Y, resulting in the stud ratio reaching 8.4%.
• Festive Sales Surge: Festive sales remain a key driver of our success. Dussehra alone delivered the company’s highest-ever single-day festive sales of ₹1,900 Mn increased by 64% Y-o-Y. The company recorded festive season sales of ₹ 6,060 Mn during Diwali, registering a robust 74% growth as compared to the previous year.
• Customer Footfall and Conversion Rate: A 33% increase in footfall, coupled with a strong Conversion rate of 94%, further fuels our growth, reflecting increased Demand, customer engagement and sustained purchasing behaviour at the store level.
• Increased Transaction Count and ATV: As customer engagement continues to rise, there has been a notable uptick in both transaction volumes and average spending per visit. The transaction count grew by 35%, taking the Average Transaction Value (ATV) to Rs. 103.1k.
Commenting on the performance, Dr. Saurabh Gadgil, Chairman & Managing Director, P N Gadgil Jewellers Limited, said, “The quarter witnessed strong momentum, supported by healthy Festive and wedding-led demand. Revenue from operations increased 35.6% YoY to Rs. 33,026 Mn in Q3 FY26, despite gold price volatility. Demand remained broad-based across core markets, led by gold jewellery, new designs and an increasing preference for lightweight and studded jewellery, supported by strong brand recall and customer trust. Profitability improved significantly during the quarter, with PAT rising 98.6% YoY to Rs.1,709 Mn, supported by a favorable product mix, higher contribution from Studded jewellery, along with disciplined cost management, resulted in meaningful margin expansion. Retail continued to be the primary growth driver, complemented by strong growth in e-commerce and steady performance in the franchise segment. The Company continued to execute its expansion strategy with the addition of three new company-owned stores this quarter at Moshi (Pimpri-Chinchwad), Patna (Bihar), and Viman Nagar under the LiteStyle format, taking the Company’s total retail footprint to 66 stores as of December 2025. Going ahead, management remains focused on driving same-store sales growth, maintaining healthy inventory turns, and sustaining profitable growth, supported by continued upcoming festive & wedding led demand.”
source: PNG Jewellers
P N Gadgil Jewellers Delivers Robust 9M FY26 Performance with Revenue of ₹71,948 Mn, EBITDA Up 105.3% and PAT Growth of 104.5% YoY
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