National News
P N Gadgil Jewellers Limited – Quarterly Update Q3 FY26
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’26 | Q3 FY’25 |
|---|---|---|
| Revenue Excluding Other Segment | 3,169 | 2,176 |
| Other Segment | 133 | 259 |
| Total Revenue | 3,302 | 2,435 |
- 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.
National News
Mahesh Notandass Jewellers & Vandals Join Sotheby’s and Somya Khurana For An Evening Of Mindful Living and Exceptional Diamonds In The Swiss Alps
An Exclusive Alpine Gathering Brings Together Mindful Living, Conscious Reflection and Extraordinary Jewellery Artistry, Featuring A Spectacular Emerald and Diamond Glove and A Statement Scarf Adorned With Hundreds Of Natural Emeralds and Diamonds
Sotheby’s Switzerland, wellness curator Somya Khurana, Mahesh Notandass Jewellers and Vandals come together this season for a one-of-a-kind evening that pairs conscious living with uncompromising craftsmanship. This is an evening of mindful reflection, followed by an exclusive presentation of Mahesh Notandass & Vandals’ most extraordinary jewellery, including a glove made of emeralds and diamonds.
Hosted against the calming backdrop of the Col de la Croix mountain pass, the gathering will unfold at the storied Chalet Roy Alps Domaine de Rochegrosse, in the alpine resort town of Villars-sur-Ollon, a setting chosen deliberately for its stillness, its altitude, and its distance from the noise of the everyday. The evening begins with a curated wellbeing experience helmed by Somya Khurana, centred on mindfulness and conscious reflection, an invitation for guests to arrive fully present before the evening centrepiece is revealed.


For over a century, Mahesh Notandass Diamond Jewellers has been synonymous with rare stones, master craftsmanship and design that transcends trend; jewellery built not merely to be worn, but to be inherited. This exclusive presentation will showcase an edit of Mahesh Notandas and Vandals’ finest creations, offering guests a rare, private encounter with pieces that represent the pinnacle of the house’s artistry: exceptional precious stones set with the precision that has defined the Notandass name across generations.


Among the highlights of the evening are two exceptional jewellery artworks, a sculptural emerald and diamond glove featuring over 600 emeralds, and an intricately crafted scarf adorned with more than 300 natural emeralds and over 1,300 diamonds. Conceived as works of wearable art, both pieces reflect the house’s pursuit of scale, craftsmanship and extraordinary use of precious stones, blurring the line between jewellery and collectible art.
Hosted in partnership with Sotheby’s Switzerland, the evening reflects a shared philosophy across all three collaborators that true luxury is not loud. It is considered and felt before it is seen. Bringing together mindful living and fine craftsmanship in one setting, the evening positions House of Notandass at the intersection of substance and sophistication, in a location as rarefied as the jewels themselves.
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