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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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Hon’ble Union Home Minister, Inaugurates HK Group & Dholakia Foundation’s Gujarat Gaurav Sarovar

Hon’ble Union Home Minister, Inaugurates HK Group & Dholakia Foundation’s Gujarat Gaurav Sarovar

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The Gujarat Gaurav Sarovar in Amreli, Gujarat, constructed by the Hari Krishna Group and the Dholakia Foundation, was inaugurated by Hon’ble Union Home Minister and Minister of Cooperation Shri Amit Shah on 27 August 2026. Shri Harsh Sanghavi, Deputy Chief Minister of Gujarat, was among the dignitaries present at the inauguration of the 21-acre water conservation project, which has a capacity of 400 million litres and is intended to support water availability for agriculture and drinking, as well as groundwater conservation. Savji Dholakia and Ghanshyam Dholakia represented the  Hari Krishna Group.

Addressing the gathering, Shri Amit Shah highlighted the importance of conserving rainwater and replenishing groundwater, noting that the new sarovar will support water availability for agriculture and drinking, while contributing to groundwater conservation.Shri Amit Shah also acknowledged the water conservation initiatives led by Savji Dholakia, Founder of the Hari Krishna Group. He noted that Savji Dholakia has built 208 lakes for water conservation and highlighted his contribution while speaking about the Padma Shri honour conferred on him.

The Hon’ble Home Minister also highlighted the expansion of lakes and check dams, river rejuvenation and other water conservation initiatives across Gujarat. He cited the SAUNI Yojana, which channels surplus Narmada water into reservoirs and rivers in Saurashtra, and said Narmada water is being stored in approximately 10,000 ponds across North and Central Gujarat.

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