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P N Gadgil Jewellers Delivers Strong Quarterly Performance with EBITDA of ₹1,228.5 Mn, up 85.4% Y-o-Y, and PAT of ₹693.4 Mn, up 96.3% Y-o-Y, alongside Margin Expansion

P N Gadgil Jewellers Ltd, with over 192 years of legacy in gold, silver, and diamond jewellery, announced its unaudited financial results for the quarter ended June 30, 2025.

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P N Gadgil Jewellers Limited, one of the most reputed jewellers in the country, boasts over 192 years of excellence in craftsmanship and customer trust in the retail business of gold, silver, and diamond jewellery, announced its unaudited financial results for the quarter ended 30th June, 2025.

For Q1 FY26, average revenue per store stands at around Rs. 311.7 million, while net profit per store reached Rs. 12.6 million, demonstrating strong efficiency and profitability at the store level.

PNG Jewellers:

• Retail segment is 70.3% of our total sales, and continues to lead the way, achieving an impressive revenue growth of 19%, an EBITDA margin of 10% and a PAT margin of 5.7%.

• The company’s E‐commerce segment experienced exceptional growth, with revenue increasing to Rs. 661.3 million, a 125.9% rise.

• Franchise revenue also grew to Rs. 2,692.8 million, with an 15.7% increase for Q1 FY26.

• The Same Store Sales Growth for Q1 FY26 stood at 8%, primarily impacted by the absence of the Gudi Padwa festival during the quarter. The festival, which was part of Q1 in FY25 last year, was preponed in Q4 FY25 this year, thereby affecting Like-for-Like comparability. 

Operational Financial Highlights:

• 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 23% and ATV at Rs. 93k.

• Customer Footfall and Conversion Rate: A 25% increase in foot falls, coupled with a strong Conversion rate of 92%, further fuels our growth, reflecting increased Demand, customer engagement and sustained purchasing behavior at the store level.

• Festive Sales Surge: Festive sales remain a key driver of our success. This year, we achieved our highest-ever single-day festive sales on Akshaya Tritiya, amounting to 1,395.3 Mn, with a remarkable 35.1% increase over last year.

• Stud Ratio: The share of studded jewellery increased by 41.6% YoY in Q1 FY26, taking the stud ratio to 10% of the retail sales. 

 

 Dr. Saurabh Gadgil, Chairman & Managing Director, PN Gadgil Jewellers Limited, said, “This has been a good quarter for us. We recorded revenue of Rs17,145.6 Mn, EBITDA of Rs 1,228.5 Mn, up 85.4% from last year, and PAT of Rs 693.4 Mn, also up 96.3% year-onyear. The growth has come from retail expansion, increase in studded portion, and better cost discipline. Even with gold price volatility and a challenging market environment, we are seeing healthy traction across our retail network and have improved profitability through better operational efficiency. We will continue to build on this momentum, staying true to our promise of quality and design, and creating value for our customers and shareholders in the quarters ahead.”

National News

Indriya, Aditya Birla Jewellery Unveiled India’s Largest Sustainable Jewellery Rangavalli

The Installation Transformed An Iconic Jewellery Design, From Indriya’s Festive Collection Padmika, Into A Magnificent Rangavalli, A Grand Celebration For Vijayadashami.

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Indriya, Aditya Birla Jewellery, on unveiled India’s Largest Sustainable Jewellery Rangavalli, crafted from grains, at Orion Mall and Shri Sathya Ganapathi Shirdi Saibaba Temple on in Bengaluru, as a tribute to our rich cultural heritage and enduring festive traditions. Spanning 400 sq. ft. at Orion Mall and 1,600 sq. ft. at the temple, the large-scale Rangavalli installations, inspired by an iconic jewellery design from Indriya’s latest festive collection, Padmika, transform the intricate artistry of fine jewellery into magnificent expressions of a cherished cultural tradition steeped in devotion, craftsmanship and community spirit.

Padmika crafted in 22KT gold celebrated the revival of Gulabi Meenakari, a rare pink enamel craft, and the necklace featured an intricate nakshi floral detailing alongside the auspicious motif of Goddess Lakshmi seated on a lotus, symbolising prosperity, abundance and new beginnings. Reimagined as a magnificent Rangavalli using eco-friendly materials including rice, millets and seeds, the installation translated the intricate artistry of the necklace into a large-scale tribute to our cultural heritage. Bringing together thousands of individual elements, the artwork reflected the precision, patience and craftsmanship shared by both jewellery-making and Rangavalli creation. Created using grains, millets and seeds, the installation celebrated the enduring beauty of traditional art forms while offering visitors a distinctive and immersive festive experience.

Rooted in cultural authenticity, the initiative drew on the expertise of the renowned Rangoli artist Shikha Sharma popularly known as the “3D Rangoli Queen” and creator of record-breaking Rangoli artworks. By translating the detailing of an iconic temple jewellery design into Rangavalli, Indriya celebrated two art forms that shared a deep appreciation for intricate patterns, craftsmanship and the coming together of individual elements which created something extraordinary.

Sustainability was integral to the initiative and it extended the purpose of the installation beyond the festive celebration. Following Vijayadashami, the rice, millets and seeds used in the artwork were responsibly repurposed through feeding drives for birds and animals in partnership with Akhil Karnataka Prani Daya Sangh Gaushala.

Speaking about the initiative, Shantiswarup Panda, Head of Marketing & Visual Merchandising at Indriya, said:

Shantiswarup Panda

“At Indriya, our endeavour is to celebrate India’s rich cultural heritage through meaningful and contemporary expressions. The Jewellery Rangavalli is an extension of that vision, reimagining an iconic Padmika design through a beloved festive tradition that resonates deeply with our audiences. As a brand inspired by culture and craftsmanship, we wanted to create an experience that not only showcases the artistry behind our jewellery but also invites consumers to engage with it in a memorable and immersive way. Through this initiative, we celebrate heritage, craftsmanship and the spirit of togetherness that lies at the heart of Vijayadashami.”

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