National News
P N Gadgil Jewellers Limited – Quarterly Update Q2 FY26

Retail Segment
The retail segment recorded a robust 29% growth in Q2 FY26 compared to the same period in the previous financial year, driven by healthy store-level performance and strong fes ve season sales, accoun ng for 72.2% of total revenue.
Non-Retail Segments
- E-commerce: With an increase of 113.2% compared to the same quarter in the previous financial year, it contributed 6.6% to total revenue, reflec ng our successful digital expansion and increasing online customer engagement.
- Franchisee Opera ons: This segment surged by 105% YoY, accoun ng for 15.6% of total revenue, driven by strong franchisee performance.
- Other: The Other segment accounted for 5.6% of total revenue in Q2 FY26, primarily comprising B2B sales from the Head Office and corporate segment. As men oned earlier, the refinery business was discon nued effec ve October 1, 2024; it had contributed Rs. 3,435 Mn in Q2 FY25.
Performance of Continuing Operations
During the quarter under review, total revenue excluding the refinery segment delivered a YoY growth of 31%. The following summary presents the revenue breakdown:
Par culars (Rs in Mn) | Q2 FY’25 | Q2 FY’26 |
Revenue Excluding Refinery | 16,571 | 21,733 |
Refinery segment | 3,435 | – |
Total Revenue | 20,006 | 21,733 |
Festive Sales
The fes ve season con nues to remain a key driver of our growth, with strong contribu ons from Ganesh Utsav, Janmashtami, Raksha Bandhan and Navratri. Our Mangalsutra Mahotsav and Painjan Mahotsav also received an excep onal response, further boos ng sales.
Product wise and same store sales growth
The Gold category registered a 24% increase in value and a 15% increase in volume. The Silver category delivered a strong performance with 92% growth in value and 59% growth in volume. Diamond sales also improved, recording a 31% rise in volume compared to the previous quarter, resul ng in the stud ra o reaching 9%. The Same Store Sales Growth (SSSG) stood at a healthy 29%, compared to the previous quarter.
Operational Highlights
Following the posi ve response to last year’s Navratri campaign, ‘Nine Days, Nine Stores,’ the Company further expanded its presence during this year’s Navratri, opening 6 Exclusive PNG Jewellers showrooms and 4 LiteStyle shop-in-shop stores.
P N Gadgil Jewellers Limited
This quarter also marks a significant milestone in PNG Jewellers’ journey to becoming a leading panIndia player, with entry into Indore in Madhya Pradesh, Kanpur and Lucknow in U ar Pradesh, along with the launch of a flagship store in Dadar, Mumbai.
During the quarter, the Company launched 8 exclusive showrooms – 5 company-owned outlets (COCO) and 3 franchise outlets (FOCO) – taking the total store count to 63 as of September 30, 2025.
Outlook for FY26
On the expansion front, we con nue to focus on accelera ng our store rollout plan with 13-15 new openings planned for H2 FY26 – comprising a mix of company-owned (COCO) and franchise-operated (FOCO) outlets. These addi ons will bring us closer to achieving our target of a 76-78 store network by fiscal year-end.
Key growth markets such as Maharashtra and Goa, where we con nue to maintain a leadership posi on, and other regions such as Madhya Pradesh, U ar Pradesh and Bihar which presents strong growth poten al, will remain at the core of our expansion strategy.

National News
Senco unveils Dhanteras Shagun Campaign and Festive Collections with Kiara Advani & Kartik Aryan
Senco Gold & Diamonds Launches Dhanteras Shagun Campaign with Kiara Advani & Kartik Aaryan, Celebrating 85 Years of Trust, Tradition, and Timeless Craftsmanship

Senco Gold & Diamonds (Senco), one of India’s leading jewellery retailers with a legacy spanning over 85 years, proudly announces the launch of its Dhanteras Shagun Campaign this festive season with Actors Kiara Advani & Kartik Aryan. With a footprint of 192+ showrooms across the country, Senco is one of the largest Pan India Jewellery Retail Brand, headquartered in Eastern India — a name synonymous with trust, tradition, and craftsmanship.
Set against the luminous backdrop of Diwali and Dhanteras-The most auspicious time to buy gold, diamonds, silver jewellery, bars and coins, the campaign brings to life intimate, heartfelt moments of love, shared among families and near & dear ones — a husband’s thoughtful surprise, a mother-daughter tradition, a grandmother lighting diyas with devotion. Each story captures the gentle rhythm of festive life, where emotions shine brighter than the lights that adorn our homes.
Diwali, the festival of lights, celebrates the victory of light over darkness and positivity over despair. It is a time to honour bonds, embrace tradition, and express gratitude to the ones who bring meaning and strength to our lives. Rooted in a legacy of craftsmanship and emotion, Senco becomes an integral part of every family’s Shagun — a timeless promise of light, love, and legacy that shines across generations.
To celebrate the spirit of the season, Senco Gold & Diamonds proudly presents the Shagun Collection — a festive range of meticulously crafted designs in Yellow Gold, Diamonds, Antique, and Polki. Each piece in this collection is a symbol of auspicious beginnings and heartfelt blessings, designed to be passed down as heirlooms of joy and togetherness.
Complementing this signature collection are specially curated festive offerings that cater to every style and sentiment. The Lotus Collection by Everlite features trendy, lightweight jewellery in 9kt gold jewellery— inspired by the purity and prosperity of the lotus flower, and perfect for those seeking elegance with everyday wearability.
The Tattwa Collection by Gossip brings a contemporary twist to festive dressing with fashion-forward silver jewellery. It blends bold design with a vibrant, celebratory flair — ideal for those who love to express themselves with modern, statement pieces.
For men, the Aham Collection introduces a bold new range of jewellery that celebrates strength, individuality, and timeless masculinity. With refined craftsmanship and distinctive styling, it offers a unique way to express personal identity during the festive season.
Finally, Perfect Love captures the magic of rare brilliance with Hearts & Arrows cut diamond jewellery — a tribute to eternal romance. These exquisite pieces are crafted to mark the most meaningful moments, making them the perfect gift of love this Diwali.
The campaign evokes a deep sense of nostalgia, beauty, and belonging, reminding us that true prosperity is not measured by what we wear, but by the love we carry in our hearts.
At the heart of this visual narrative is Kiara Advani, a silent observer and the embodiment of Senco’s elegance and spirit. Moving gracefully through each frame, she connects one story to another — like a golden thread weaving tradition, emotion, and celebration into one seamless tapestry. Through her eyes, we see how Senco jewellery becomes an inseparable part of our sacred rituals, turning every act of gifting into a timeless expression of love and legacy.

Commenting on the same, Joita Sen (Director & Head of Marketing & Design, Senco Gold & Diamonds), said, “The Dhanteras Shagun Campaign is a poetic celebration of togetherness — where every glimmer of gold reflects the warmth of love, and every piece of Senco Gold & Diamonds jewellery becomes a cherished keeper of memories”.
Suvankar Sen (MD & CEO, Senco Gold & Diamonds) said, “Gold & silver has been one of the best performing assets in last two years and the wise decision taken by Indian Families and culture is helping the Indian Household to increase their wealth over the years and this Dhanteras they should continue. To celebrate the spirit of Dhanteras and enhance the festive shopping experience for our valued customers, Senco Gold & Diamonds is offering a range of exciting deals across all our showrooms from October 07 to October 20, 2025. Customers can enjoy a benefit of upto Rs. 700-1000 per gram CASHBACK on gold jewellery and up to 15% off on diamond jewellery buy. Additionally, we are offering 0% deduction on old gold exchange and additionally special coupon of Rs 500 on every Rs 10,000 +transaction, plus a chance to win upto 1kg of Gold— ensuring there’s something for every buyer this Dhanteras at Senco Gold & Diamonds”.

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