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P N Gadgil Jewellers reports 23.5% growth in consolidated revenue YoY,  reaching Rs. 24,357.51 mn for Q3 FY25

P N Gadgil Jewellers Limited, announced its unaudited financial results for the quarter ended 31st December 2024.

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The company achieved its highest-ever revenue of Rs. 10,500 Mn+ in a single month in Oct-24 and total revenue of Rs. 24,357.51 Mn in Q3 FY25.9M FY25 Revenue, EBITDA and PAT grew YoY by 32.7%, 39.5% and 53.7% respectively. For Q3 FY25 (in Rs mn) Revenue from operations 24 357.51, EBIDTA 1297.70, EBITDA Margin (%) 5.3%, PAT 860.38, PAT margin(%) 3.5%, basic EPS 6.34.

Revenue per store stands at around Rs. 1,272 million, while net profit per store reached Rs. 32.56 million, demonstrating strong efficiency and profitability at the store level.

• Retail segment is 77% of our total sales, continues to lead the way, achieving an impressive Revenue growth of 41.8% an EBITDA margin of 6.8% and a PAT margin of 4.6%.

• The company’s E‐commerce segment experienced exceptional growth, with revenue increasing to Rs. 705 million, a 97.9% rise.

• Franchise revenue also grew to Rs. 2,264 million, with an 86.6% increase for Q3 FY 25.

• Strong Same-Store Sales Growth (SSSG) of 25.7% continues to drive sustained growth, underlining the successful performance of our existing showrooms for FY 25 YTD.

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 20.9%, alongside a 21.7% increase in Average Transaction Value (ATV), reaching Rs. 86K.

• Customer Footfall and Conversion Rate: A 36.2% increase in foot falls, coupled with a strong Conversion rate of 93.7%, further fuels our growth, reflecting increased Demand, customer engagement and sustained purchasing behavior at the store level.

• Festive Sales Surge: The festive season continues to contribute significantly to our performance, with Navratri sales growing by 18.0% and Diwali sales seeing a substantial increase of over 52.7%.

• Stud Ratio: A 38.7% YoY rise in stud ratio, which now stands at 7.4%.

Commenting on the performance, Dr. Saurabh Gadgil, Chairman & Managing Director, PN Gadgil Jewellers Limited, said, “Our strong Q3 FY25 performance reflects the continued trust of our customers and the strength of our retail presence. With record-high monthly revenue, robust same-store sales growth, and increasing customer engagement, we remain focused on enhancing our offerings and expanding our footprint. The successful launch of nine showrooms across nine consecutive days during Navratri underscores our commitment to growth, taking our store count to 48, with plans to reach 53 by Q4 FY25. The growth in all segments-retail, e-commerce, and franchise-reinforces our strategy and positions us well for sustained momentum in the coming quarters.”

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Malabar Group Signs Letter Of Intent With The West Bengal Government To Strengthen CSR Partnerships and Advance Inclusive Development

Rs 20 Crore CSR Commitment For West Bengal In FY 2026–27 To Expand Education, Healthcare, Nutrition, Water Security and Artisan Welfare Initiatives.

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·Strengthens government-corporate collaboration to drive inclusive development across West Bengal

·Supports 11,873 children through 297 Micro Learning Centres across the state

·Provides nutritious meals daily to 1,200 beneficiaries and has completed 629 drinking water wells

·Expands support for healthcare, elderly care, and artisan communities across West Bengal

Malabar Group, a leading diversified business conglomerate and the parent company of Malabar Gold & Diamonds, has signed a Letter of Intent (LOI) with the Government of West Bengal to strengthen CSR partnerships and expand the impact of its social initiatives across the state. The LOI was exchanged with Finance Minister Dr. Swapan Dasgupta by Thahsil Ahammed, Regional Head (East India), Malabar Gold & Diamonds, along with Sajid N K, Manufacturing Head, Malabar Gold & Diamonds, and Shabeer P K, Senior Manager, CSR. The collaboration marks an important step towards enhancing government-corporate convergence and promoting inclusive and sustainable development through focused interventions addressing community needs.

The engagement is aligned with West Bengal Government’s efforts to establish a more coordinated and outcome-oriented framework for CSR partnerships. The state has also instituted an integrated CSR framework through the Finance Department, State CSR Council, West Bengal CSR Portal and CSR Projects Facilitation Unit to facilitate partnerships between the government, corporates, and philanthropic organisations, while aligning CSR investments with identified development priorities. As a part of its continued contribution towards the social development in the state, Malabar Group has earmarked a total CSR commitment of Rs 20 crore for FY 2026–27.

Malabar Group has been implementing a range of community-focused initiatives in West Bengal through the Malabar Charitable Trust (MCT) and its implementing partner, Daya Rehabilitation Trust (Thanal). These initiatives encompass education, nutrition, healthcare, water security, elderly care, housing, and artisan welfare, with a focus on creating sustainable impact among underprivileged communities.

Under its education initiatives, Malabar Group currently supports 297 Micro Learning Centres, benefiting 11,873 children from underserved communities across West Bengal. The Group has also provided scholarships to 500 girls to support their education. In addition, the Ujjwala Scholarship initiative supports 500 students from the Karigar community in West Bengal, contributing to greater access to education for children from artisan families.

Nutrition remains another important area of intervention. Malabar Group provides nutritious meals daily to 1,200 beneficiaries across the state. The initiative aims to ensure regular access to nutrition among vulnerable communities. Its outreach efforts include daily street medical services that reach around 60 beneficiaries, extending basic healthcare support to underserved sections of society.

Moreover, the Group has completed 629 drinking water wells against a target of 800, helping communities improve access to safe drinking water. Furthermore, the Group has expanded its social welfare initiatives to elderly care and housing. A Grandma Home for 60 elderly women has been proposed in West Bengal to provide accommodation, care, and support to elderly women in need. Through its Samman Awas housing initiative for artisans, Malabar Group has committed to provide 140 houses, including 80 in West Bengal, with the aim of improving living conditions for artisan communities.

Commenting on the initiative, MP Ahammed, Chairman of Malabar Group, said:

“At Malabar Group, CSR is an integral part of our culture, and we believe in creating meaningful and sustainable social impact. Our collaboration with the Government of West Bengal marks an important step in enhancing this approach and strengthening the alignment between corporate social responsibility and the development priorities of the state.

Through our continued engagement with communities, we remain committed to supporting initiatives that enhance access to education, healthcare, nutrition, livelihoods, and essential social infrastructure. We look forward to building on this partnership and contributing to a more inclusive and sustainable future for communities across West Bengal.”

The Letter of Intent further strengthens Malabar Group’s ongoing engagement with communities across West Bengal and provides an opportunity to deepen existing interventions while exploring areas for greater collaboration. West Bengal Government’s CSR framework is designed to connect corporate intent with development priorities at the state and district levels, and facilitate partnerships that can improve quality, alignment, and scalability of CSR interventions.

Malabar Gold & Diamonds has allocated Rs 200 crore towards CSR initiatives for FY 2026–27, with a focus on driving meaningful social needs.

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