National News
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.
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.”
National News
World Gold Council Unveils Immersive Gold Experience At Phoenix Palladium, Lower Parel, Mumbai
The World Gold Council Installation Forms The Mainstay Of The Diwali Gold District, Which Is Being Extensively Promoted By Phoenix Palladium Across Its Consumer Channels
This festive season, as part of its efforts to engage younger consumers with gold in a more contemporary and interactive way, the World Gold Council has launched an immersive gold experience at Phoenix Palladium, Mumbai, one of the city’s leading premium retail destinations.
Through a series of immersive experiences and engagements that blend technology, storytelling, gaming, and discovery, the initiative aims to highlight gold’s enduring relevance to the younger audience.

The World Gold Council installation forms the mainstay of the Diwali Gold District, which is being extensively promoted by Phoenix Palladium across its consumer channels. The experience will be live for one month, from 9 October to 9 November. Phoenix Palladium provides an ideal platform to engage a young, affluent audience in conversations about gold through discovery, play and participation.
Sachin Jain, Regional CEO, India, World Gold Council said:

“Gold and gold Jewellery holds a unique place in India’s cultural fabric, symbolising prosperity, tradition and connections across generations. With this immersive experience, we want to spark curiosity and give younger consumers new reasons to engage with and discover gold. At the same time, these installations demonstrate how engaging, technology-led experiences can help jewellers create more contemporary conversations around gold with the next generation of consumers.”
The Experiences
- Gold Rush:
An interactive touchscreen experience that gets consumers to engage with gold rather than simply read about it. As consumers engage, the experience brings to life gold’s value over time, its comparison with other asset classes, and the increasing purchasing power of gold in a simple, fun, and highly visual way.

- The Wedding Edit:

A selfie experience where visitors can reimagine themselves as bride and groom from different parts of India and explore the gold jewellery associated with different regions. It also creates fun, shareable content, extending the consumer experience onto social media.
- Gold Vault:
A gamified knowledge experience where consumers answer questions about gold to unlock the vault and win a prize. The format encourages participation while helping consumers discover the unique qualities and attributes of gold.

- Gold Origins:

A life-size comic-book experience that brings the fascinating origin story of gold to life, including its cosmic beginnings. The larger-than-life comic-strip format makes the story visual, accessible, and fun to discover, particularly for younger consumers.
- Scratch & Win: A simple, high-participation activity that adds an element of excitement and reward. Importantly, each card also carries an interesting fact about gold, ensuring that every interaction creates an opportunity to learn something new about the metal.
Creating Consumer-Engagement Assets for Jewellers
These engagements have been developed by the World Gold Council as adaptable consumer-engagement concepts which can also be used by jewellers within their respective stores to engage their customers in new ways and create conversations around gold that go beyond the traditional product and price discussion.
The broader objective is twofold: to use a high-footfall premium destination such as Phoenix Palladium to connect gold with younger consumers, while simultaneously developing a suite of scalable engagement assets that the jewellery industry can take into its own retail environments.
Together, the experiences bring different dimensions of gold to life through gaming, weddings, knowledge, storytelling, value and rewards, making the consumer’s interaction with gold more participative, contemporary, and memorable.
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