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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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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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