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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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National News

Celebrate Akshaya Tritiya With Reva Diamonds By PNGS

Up to 100% Off On Making Charges On Certified Natural Diamonds Till 19th April 2026

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Reva Diamonds by PNGS, a branded certified natural diamond jewellery retailer backed by the 190+ year legacy of the P. N. Gadgil & Sons Group, has announced a special festive offer of up to 100% off on making charges on certified natural diamond jewellery, starting April 4 and valid till 19th April 2026. The offer is available across Maharashtra at all Reva Diamonds by PNGS offline stores as well as online, ahead of Akshaya Tritiya.

Akshaya Tritiya has traditionally been associated with gold purchases; however, there has been a growing consumer shift towards certified natural diamonds as a symbol of enduring value and modern luxury. With this festive initiative, Reva Diamonds aims to make diamond jewellery more accessible to a wider set of customers, including first-time buyers, gifting customers, and investment-focused purchasers.

The brand has curated its festive assortment, keeping evolving consumer demand in mind. Diamond studs and daily wear earrings remain a strong focus this season due to their versatility and everyday luxury appeal. Lightweight diamond pendants and rings are positioned for entry-level buyers and the gifting segment, offering elegant yet accessible options during the auspicious period. For customers seeking statement purchases, the collection includes celebration-led designs such as statement necklaces and cocktail rings that reflect festive grandeur. Investment-driven buyers can explore solitaires and certified natural diamonds crafted to combine timeless design with long-term value. Bracelets and stackable diamond jewellery have also been highlighted, aligning with the emerging Gen Z trend of layered styling and contemporary fashion preferences.

Reva Diamonds by PNGS also offers 100% exchange value on diamonds as part of its ongoing customer value proposition, reinforcing long-term value assurance and purchase confidence beyond the festive period.

Commenting on the festive announcement, Amit Modak, CEO & Whole-Time Director, PNGS Reva Diamond Jewellery Limited, said:

Akshaya Tritiya is deeply rooted in the belief of lasting prosperity and meaningful investments. Over the years, we have seen customers increasingly view certified natural diamonds not just as adornment, but as an asset that holds emotional and intrinsic value. Through our offer of up to 100% off on making charges, we aim to make diamond jewellery more accessible while encouraging customers to invest in pieces that combine craftsmanship, authenticity, and long-term worth.”

By offering up to 100% off on making charges, Reva Diamonds by PNGS seeks to enhance festive value for customers during one of the most significant jewellery-buying periods of the year, giving customers an opportune moment to invest in certified natural diamond jewellery that blends tradition, aspiration, and enduring prosperity.

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