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
Sri Krishna Diamonds & Jewellery Unveils Flagship Showroom At Kalyananagar, Bengaluru
An Opulent New Landmark Blending Heritage, Craftsmanship, Modern Luxury, and Family-Centric Amenities Under One Roof.
Sri Krishna Diamonds &Jewellery , a name synonymous with fine craftsmanship and timeless tradition, unveiled its sprawling new 15,500 sq. ft. flagship showroom in Kalyananagar, Bengaluru. Designed to offer an immersive, multi-generational retail experience, the new store seamlessly bridges rich heritage with contemporary luxury shopping.
Gracing the inauguration were honoured guests actor V Ravichandran, Chenraj Roychand Jain, Chairman- Jain Group of Institutions, Sunil Khetpalia, Chairman- KLP Group and Manish Parmar, MD- KLP Group. Present at the inauguration were founders Sajjan Raj and Nikhil Jain and the showroom leadership team of Sambhav Jain, Vikas Jain, Pratham Jain along with family members, associates, friends and dignitaries from the jewellery trade and industry.
Spread across multiple thoughtfully designed floors, the showroom presents a vast array of collections suited for every occasion and lifestyle. Simply Gold on ground floor : Dedicated to modern, lightweight, and everyday gold jewellery designed for effortless elegance.
House of Brilliance on first floor: Houses an exquisite collection of fine diamond and intricate antique gold jewellery. It also features two private, opulent bridal suites where brides-to-be can try on their wedding attire alongside complementing Sri Krishna jewellery in an intimate, personalized environment.
Art of Silver on second floor: Reserved entirely for fine silver jewellery and rare artefacts. Highlighted by a dedicated Heritage Room featuring historic silver pieces over 50 years old. the floor’s centerpiece is a breathtaking Lord Balaji statue in pure silver adorned with an intricately crafted frame.The statue and frame weigh 72 kg.
Beyond its curated collections, the flagship store boasts a vintage, nostalgia-inspired ambiance with elegant furnishings reflecting the brand’s deep-rooted legacy.
Enhanced Experience: To ensure maximum comfort for all visitors, the showroom features dedicated family amenities, including a private feeding room, a kids’ play area, and an entire floor dedicated to dining.
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