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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.”

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Treasures By Tiara Unveils Mumbai Flagship and Café Concept At Cumballa Hill

New Destination Blends Fine Jewellery, Hospitality and Experiential Retail, Reflecting The Evolving Face Of Luxury Shopping

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Treasures by Tiara has expanded its presence in Mumbai with the launch of its new flagship store and The Treasures Café at Cumballa Hill, introducing a distinctive retail concept that combines fine jewellery with a curated café experience.

Founded by Tiara Dhody, the brand has designed the space as more than a traditional jewellery showroom. The flagship aims to offer visitors a slower, more immersive retail journey, where customers can engage with jewellery in a relaxed environment rather than through conventional display counters.

The launch was marked by an intimate evening gathering attended by celebrities, industry guests and well-wishers. Designed with soft golden lighting, antique silver accents, rich textures and thoughtfully curated interiors, the space creates an atmosphere that feels elegant, personal and inviting. Jewellery pieces are integrated throughout the café and retail environment, encouraging visitors to discover collections organically as they move through the space.

At the heart of the concept is The Treasures Café, which offers a menu featuring sourdough sandwiches, pancakes, specialty coffees and signature beverages. The café has been envisioned as an extension of the brand experience, allowing customers to spend time exploring collections at their own pace while enjoying a comfortable and welcoming setting.

The launch reflects a broader transformation taking place across the luxury retail landscape. Increasingly, consumers are seeking experiences that go beyond transactions, favouring environments that foster deeper engagement with brands. In the jewellery sector, where purchases are often highly personal and considered, such experiential formats are gaining relevance.

Known for its silver jewellery adorned with precious stones, Treasures by Tiara offers a diverse portfolio that includes rings, earrings, necklaces, bracelets, cuffs and cufflinks for both men and women. The brand has also expanded into fashion accessories, including gloves and corsets, further strengthening its design-led identity.

Having previously showcased its creations at London Fashion Week, the brand has steadily built a growing clientele in Mumbai and beyond. The opening of the Cumballa Hill flagship marks an important milestone in its growth journey, bringing together jewellery, hospitality and design under one roof and offering a fresh perspective on contemporary luxury retail.

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