National News
P N Gadgil Jewellers Celebrates Another Milestone, Surpassing ₹10,000 Crore Revenue for 25-26; Gudi Padwa Sales Rise 38% YoY
P N Gadgil Jewellers Limited has surpassed the Rs.10,000 crore revenue milestone in the financial year 2025-26, reflecting strong underlying business momentum.
P N Gadgil Jewellers Limited has surpassed the Rs.10,000 crore revenue milestone in the financial year 2025-26, reflecting strong underlying business momentum.
Further, on the auspicious occasion of Gudi Padwa, the Company recorded festive sales of Rs.170.7 crore, registering a robust year-on-year growth of 38% compared to the corresponding period last year.
The Gold segment remained the primary value driver, with revenues rising by 35% YoY, while the Diamond and Silver segments delivered strong growth of 61% and 118% YoY, respectively.
Dr. Saurabh Gadgil, Chairman and Managing Director, said:
“Surpassing the Rs.10,000 crore revenue milestone marks a defining moment in our journey-one that we have long aspired to achieve. This milestone is a testament to the unwavering trust of our customers and the relentless dedication of our employees, whose collective efforts have made this achievement possible.
Gudi Padwa continues to be a key occasion for us, and this year witnessed strong customer traction across our markets despite elevated gold prices, resulting in revenue of Rs.170.7 crore. This performance reflects the strength of our brand and our consistent execution across categories and regions.
Encouraged by this momentum, we remain optimistic about sustaining this performance. With the ongoing wedding season, continued expansion into new markets, and a sustained focus on offering compelling designs and value, we are well positioned to close the financial year on a strong note.”
National News
India’s Consul General To Dubai Visits GJEPC Headquarters
GJEPC briefed CG on the Indian gem and jewellery industry’s scale, global leadership in manufacturing, export outlook and the sector’s roadmap for future growth
Vishnu Vardhan Reddy, Consul General of India to Dubai, visited the GJEPC headquarters in Mumbai on 24th July for an interaction with industry leaders to gain a deeper understanding of the sector and its engagement with the UAE.
The UAE is India’s largest trading partner in gems and jewellery, with bilateral trade reaching US$33.51 billion in FY2025-26.
The Consul General was welcomed by Kirit Bhansali, Chairman, GJEPC, along with Shaunak Parikh, Vice Chairman; Manish Jiwani, Convenor – MSME; Ashish Borda, Convenor – PMBD; Mital Doshi, Convenor – BITC; Bharat Ghori, Co-Convenor – MSME; and Mr. Sabyasachi Ray, Executive Director, GJEPC.
GJEPC briefed Mr. Reddy on the Indian gem and jewellery industry’s scale, global leadership in manufacturing, export outlook and the sector’s roadmap for future growth. Discussions also covered GJEPC’s role in trade promotion, policy advocacy, international exhibitions and infrastructure development to strengthen India’s position as a global jewellery manufacturing and trading hub.
Given Dubai’s strategic importance to the industry, the meeting focused on the India-UAE gem and jewellery trade ecosystem, evolving supply chains, trade and logistics, banking and financing, and opportunities to deepen bilateral cooperation. The delegation also outlined policy initiatives aimed at enhancing India’s competitiveness in global trading and value addition.
Reddy said the visit provided him with valuable insights into the industry’s priorities and challenges, and expressed his willingness to work closely with GJEPC and the trade to strengthen India’s gem and jewellery partnership with Dubai and the wider UAE.
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