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
The Solitaire Festival Of India 2026 Concludes On A High Note,Celebrating Customers and Retail Partners Across India
Divine Solitaires’ Month-Long Retail Festival Brought Together 200+ Partner Jewellers, Rewarding Customers Through Weekly Lucky Draws, Assured Gifts and A Grand Bumper Draw
Divine Solitaires has successfully concluded the 2026 edition of The Solitaire Festival of India (TSFI), its flagship annual consumer and retail engagement initiative, following a month-long celebration from 1st to 31st August 2026. With participation from over 200 partner jewellery stores across 100+ cities in India, the festival brought together consumers and retail partners through a nationwide celebration of natural diamond solitaires, offering customers assured gifts and exciting opportunities to win prizes across multiple categories.
Over the course of the festival, eligible customers purchasing Divine Solitaires jewellery from participating partner jewellers received assured gifts and were entered into three weekly lucky draws, followed by the Grand Bumper Draw. Across the four draws, the campaign rewarded customers with a wide range of premium prizes spanning automobiles, two-wheelers, consumer electronics, home appliances, technology and lifestyle products. The campaign featured four cars among the prizes, including a Maruti Suzuki Baleno, two Maruti Suzuki Alto cars and a Mahindra XUV 7XO, alongside several other high-value rewards, creating multiple moments of excitement for customers across India.
The Grand Bumper Draw marked the culmination of the festival, with Amardeep Jinde, MD of DeGATECH Solutions, winning a Mahindra XUV 7XO. The Grand Bumper Draw also saw five other customers take home exciting prizes, including a Honda Activa 6G, Sony PlayStation VR2, Meta Ray-Ban Smart AI Glasses, Motovolt KIVO Easy Electric Cycle and TCL 40-inch Full HD Smart QLED TV. Together with the prizes awarded in the earlier weekly draws, TSFI 2026 offered customers a diverse range of rewards throughout the month-long campaign.
Speaking about the successful conclusion of TSFI 2026, Jignesh Mehta, Managing Director, Divine Solitaires, said:

“The Solitaire Festival of India has grown into a much-awaited annual celebration for our customers and retail partners. This year, we witnessed tremendous enthusiasm across our network, and it was encouraging to see consumers participate in the festival while celebrating their special moments with natural diamond solitaires. For our partner jewellers, TSFI continues to be an important platform to drive consumer engagement, strengthen store interactions and build the solitaire category.
We are grateful to our customers and every partner jeweller who contributed to making this edition a success.”
The festival also strengthened Divine Solitaires’ B2B engagement with its retail partner network, providing participating jewellers with a nationwide consumer campaign designed to drive visibility and engagement at stores during the festive and wedding shopping season. Through the campaign, partner jewellers were able to leverage the excitement around assured gifts and lucky draws while creating an enhanced in-store experience for their customers.
The nationwide campaign was supported by an extensive awareness and marketing initiative designed to take TSFI to consumers across multiple touchpoints. The campaign included visibility through 100 insertions in newspapers, 300 hoardings, leaflets, radio, mobile vans, entry gates and social media, along with an influencer-led outreach programme. Together, these efforts helped create stronger awareness for TSFI across markets, bringing the festival closer to consumers and generating excitement around the celebration, prizes and participating retail stores.
For Divine Solitaires, the festival also served as an opportunity to strengthen relationships across its retail ecosystem. The brand continues to work closely with its partner jewellers to expand awareness of natural diamond solitaires and create greater consumer accessibility across markets. With a network of 200+ partner jewellers across 100+ cities, Divine Solitaires remains focused on building long-term partnerships that support both retail growth and consumer engagement.
On the B2C front, TSFI 2026 offered consumers an opportunity to combine their purchase of a certified natural diamond solitaire with the excitement of assured rewards and lucky draws. The campaign also continued its loyalty advantage for returning customers, rewarding those who had participated in previous editions of TSFI with upgrades on their assured gifts.
Every Divine Solitaires solitaire is backed by the brand’s 123-parameter Quality Guarantee, reinforcing its commitment to quality, transparency and consumer confidence. Through initiatives such as TSFI, the brand continues to create opportunities for consumers to discover natural diamond solitaires while strengthening its retail partnerships across the country.
With the successful conclusion of TSFI 2026, Divine Solitaires continues its focus on creating meaningful consumer experiences while supporting its partner jewellers and strengthening the natural diamond solitaire category across India.
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