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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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Tanishq Natural Diamonds and Rahul Mishra Join Forces To Unveil A First Of Its Kind Exclusive Couture Jewellery Collection At Paris Couture Week 2026

~ Marking A Landmark Global Launch, The Collaboration Brings Together Tanishq’s Natural Diamond Craftsmanship and Rahul Mishra’s Globally Celebrated Couture Artistry To Present A New Expression Of Contemporary Indian Luxury On One Of Fashion’s Most Prestigious Stages ~

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Tanishq Natural Diamonds and internationally acclaimed couturier Rahul Mishra unveiled a first-of-its-kind exclusive couture jewellery collection at Paris Couture Week 2026, marking a landmark collaboration between India’s leading jewellery house and one of its most celebrated fashion designers. The collection brought together the worlds of haute couture and high jewellery in a singular expression of contemporary Indian luxury, translating couture narratives into exceptional jewellery artistry.

This was the result of months of creative collaboration, translating Rahul Mishra’s celebrated couture language into sculptural jewellery through the artistry and craftsmanship of Tanishq Natural Diamonds. Rather than creating jewellery to complement couture, the two creative houses conceived each piece as an extension of the garments themselves, where jewellery echoed the same architectural precision, movement and storytelling.

Drawing from the interplay between structure and nature, the collection transformed architectural forms into fluid florals through sculptural silhouettes, intricate detailing and exceptional gemstone artistry. Conceived as a series of one-of-a-kind couture jewellery creations, the collection reimagines Tanishq’s natural diamond craftsmanship along with Rahul Mishra’s celebrated design language, where every piece is an extension of couture itself.

At the heart of the collection are the Enchanted Canopy and the Imperial Cascade Neckwear, each embodying the collection’s philosophy of translating nature, architecture and movement into sculptural jewellery. Natural white and black diamonds were paired with citrine, emerald, amethyst, pink tourmaline, rubellite and garnet, while intricate pavé, snow pavé, channel and prong settings brought light, depth and movement to every creation.

Conceived as one-of-a-kind and limited-edition couture creations, each piece was crafted as a collectible work of art designed exclusively for the Paris Couture Week presentation and available thereafter only through curated showcases and private client experiences. The collection reflects the rarity, craftsmanship and bespoke character that define the highest expressions of luxury.

Debuting on one of fashion’s most prestigious global stages, it brought Tanishq’s decades-long expertise in natural diamond craftsmanship together with Rahul Mishra’s philosophy of storytelling through couture, presenting a contemporary vision of Indian luxury that is deeply rooted in heritage while resonating with a global luxury audience.

Commenting on the collaboration and design, Revathi Kant, Chief Design Officer, Titan Company Limited, added:

“Couture has always been about celebrating craftsmanship at its highest expression, and jewellery has the unique ability to carry stories, emotion, and extraordinary artistry. Presenting this collection at Paris Couture Week is a defining milestone, not just for this collaboration with Rahul Mishra, but for Indian design itself. It represents two Indian creative houses coming together to demonstrate that our craftsmanship, innovation, and design excellence can confidently shape the global couture jewellery conversation.

More than a collection, it is a celebration of creativity, heritage, and contemporary luxury, reflecting an evolved design language that honours tradition while pushing the boundaries of what Indian jewellery can represent on the world stage.”

Speaking about the collaboration, Rahul Mishra said:

“As a couturier, my intent has always been to celebrate the extraordinary possibilities of Indian craftsmanship. This collaboration extends that philosophy into jewellery, allowing the inspirations I usually express through embroidery to find a new expression through natural diamonds and precious materials. Together with Tanishq Natural Diamonds, we sought to create pieces that speak the language of contemporary high jewellery while remaining deeply rooted in India’s artistic heritage. Their exceptional expertise in jewellery making made it possible to translate the movement, texture and emotion of couture into creations that are intricate in detail, fluid in expression and rich in narrative.

The Metamorphosis Neckwear reflects the beauty of transformation and constant evolution, while the Floral Hexagon Neckwear explores the harmony between geometry and nature. More than individual creations, these pieces celebrate an idea that has always guided my work: that craft carries memory, and when reimagined with care, tradition continues to evolve in new and meaningful ways.

The collection reflects a new dialogue between couture and jewellery, where design, material and artistry converge to create pieces that exist beyond a single moment in fashion. Each creation captures the spirit of the runway while becoming an enduring expression of creative vision and timeless design.

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