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P N Gadgil Jewellers Limited – Quarterly Update Q3 FY26

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The Retail segment delivered strong revenue growth 46% in Q3 FY26 compared to the same period in the previous financial year, accounting for 83.2% of total revenue. The growth was primarily driven by strong festive and wedding season demand.

Non-Retail Segments

  • E-commerce: This segment recorded a 138% increase compared to the same quarter in the
    previous financial year; it contributed 5.1% to total revenue.
  • Franchisee Operations: This segment grew by 12% YoY, accounting for 7.7% of total revenue. During the quarter under review, total revenue excluding the other segment delivered a YoY growth of 46%. The details are provided below:
Consolidated Revenue (₹ in Cr)Q3 FY’26Q3 FY’25
Revenue Excluding Other Segment3,1692,176
Other Segment133259
Total Revenue3,3022,435
  • Other segment: It accounted for 4% of total revenue in Q3 FY26, primarily comprising B2B
    bullion sales from the Head Office and corporate segment.

Festive Sales

  • Dussehra sales stood at Rs.190 crore, reflecting a strong 64% YoY growth.
  • Dhanteras registered a revenue of Rs.277 crore, marking the highest-ever single-day festive sales
    for the company. Consequently, total Diwali sales aggregated to Rs.606 crore, registering a robust
    74% YoY growth.
  • October 2025 witnessed the highest-ever monthly revenue of Rs1,807 crore, representing a
    significant 72% YoY increase.

Product Mix and same store sales growth

  • The studded jewellery contribution for the 9M FY26 increased by 52% YoY, taking the stud ratio to 8.4 %.
  • Further, the Same-store sales growth (SSSG) for the quarter stood at 32%.

Operational Highlights

  • During the quarter, the Company launched 3 exclusive company owned outlets, taking the total store
  • count to 66 as of December 31, 2025.

Outlook for FY26

  • On the expansion front, Company continues to focus on accelerating our store rollout plan, with 12-14 new openings planned for Q4 FY26, comprising a mix of company owned (COCO) and franchisee operated (FOCO) outlets. These additions will enable us to achieve our target of 78-80 stores by the end of the fiscal year.
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Jagannath Gangaram Pednekar Jewellers Celebrates Jewellery as a Lifestyle with The Great Jewellery Festival

Month-long festival brings together diamond, gold and silver jewellery for everyday dressing, celebrations, gifting and special occasions

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Jewellery is increasingly becoming part of everyday life, moving beyond weddings and milestone occasions to find a place in everyday dressing, work, celebrations, gifting and personal expression. Reflecting this evolving relationship with jewellery, Jagannath Gangaram Pednekar Jewellers (JGP) is bringing together a diverse range of diamond, gold and silver jewellery through its month-long The Great Jewellery Festival, being held from October 15 to November 15, 2026.

Rather than focusing on a single jewellery category or collection, the festival celebrates the breadth of jewellery available at JGP. From lightweight gold and real diamond pieces to statement designs and wedding jewellery, the festival brings together options suited to different occasions, styles and preferences.

The changing role of jewellery is also reflected in how consumers are making their choices. While weddings, festivals and family celebrations continue to be important occasions for jewellery purchases, consumers are increasingly looking for pieces that can complement their everyday wardrobe. Lightweight earrings, rings and other versatile designs can move seamlessly from work and casual occasions to festive gatherings, while more distinctive pieces can mark celebrations and personal milestones.

The festival will feature real diamond jewellery starting at ₹25,000 onwards and gold jewellery starting at ₹10,000 onwards, offering consumers an opportunity to explore fine jewellery across different styles and price points. The gold offering includes everyday pieces such as rings and earrings, alongside designs suited to more special occasions.

The festival brings together some of JGP’s established collections, each reflecting a different facet of the jewellery experience. Amalia, the brand’s real diamond jewellery collection, has emerged as a hot favourite among consumers, offering diamond pieces that combine elegance with contemporary appeal.


For weddings, Sanvi, one of JGP’s wedding jewellery collections, reflects the enduring appeal of traditional bridal jewellery, while Amrapali, a longstanding bestseller, celebrates the timeless importance of traditional and occasion-led jewellery.

You & Me adds silver jewellery to the portfolio, offering contemporary designs for those looking to express their individual style.


Together, these collections reflect the diverse ways in which consumers engage with jewellery today. A customer may choose a lightweight gold piece for regular wear, a real diamond design for a personal milestone, or traditional jewellery for a wedding or family celebration. The choice is increasingly shaped not only by the occasion, but also by individual taste, lifestyle and the versatility of the piece.

With The Great Jewellery Festival, JGP aims to celebrate this wider role of jewellery while bringing its diverse portfolio together under one platform. The festival builds on JGP’s longstanding heritage and credibility while responding to the evolving expectations of today’s jewellery consumer — from those looking for everyday pieces and contemporary designs to customers seeking wedding jewellery, diamonds and statement pieces for significant occasions.

Speaking about the festival, Sanika Pednekar, Creative Director at Jagannath Gangaram Pednekar Jewellers, said, “

Jewellery today is no longer limited to a few big occasions. People are looking for pieces they can wear to work, for a celebration, as a gift or simply because they want to. With The Great Jewellery Festival, we wanted to bring that entire spectrum together and give customers the freedom to find jewellery that fits their occasion, style and personality.”
The Great Jewellery Festival will be held from October 15 to November 15, 2026, at Jagannath Gangaram Pednekar Jewellers.

Key Highlights:
● The Great Jewellery Festival: October 15 to November 15, 2026
● Jewellery across diamond, gold and silver
● Real diamond jewellery starting at Rs.25,000 onwards
● Gold jewellery starting at Rs.10,000 onwards
● Lightweight, contemporary and everyday-wear designs
● Collections including Amalia, Sanvi, Amrapali and You & Me
● Jewellery for everyday dressing, work, festivals, gifting, weddings and milestones
● A celebration of jewellery as part of modern lifestyle and personal expression

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