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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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From TBZ, Malabar Gold & Diamonds to Golubhai Badalia Diamond: Why These Jewellery Brands Continue to Earn Consumer Trust

From legacy craftsmanship to corporate-backed assurance, these jewellery brands have built enduring consumer confidence through consistency, scale and credibility in high-value purchases.

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In a category where purchases are both emotional and financial investments, trust is never built overnight. It is earned over decades, sometimes generations, through consistency, credibility and customer experience. From legacy houses to fast-growing corporate-backed players, brands continue to inspire confidence among diamond buyers.

TBZ (Tribhovandas Bhimji Zaveri)



TBZ (Tribhovandas Bhimji Zaveri) 
TBZ is regarded as one of India’s oldest jewellery houses, with a legacy spanning over a century. The brand is widely associated with classic, timeless designs that appeal to those who appreciate heritage aesthetics, while also adapting to modern design sensibilities. This balance allows TBZ to remain relevant while preserving its traditional appeal, representing understated luxury rooted in tradition.

Tanishq



Tanishq – For many Indian consumers, jewellery begins with Tanishq. Backed by the Tata Group, Tanishq is one of India’s most recognised jewellery brands. With a large network of stores across the country, it has built familiarity and consistency in the buying experience. The brand places strong emphasis on certified gold and diamonds, along with clearly defined quality checks. Over the years, this combination of scale, standards, and corporate backing has helped Tanishq earn sustained consumer trust in high-value jewellery purchases.

Malabar Gold & Diamonds 


Malabar Gold & DiamondsMalabar Gold & Diamonds has strengthened consumer confidence through structured retail expansion and scale. With a presence across India and international markets, the brand has become a widely recognised name among diamond and gold jewellery buyers. Its large-format operations, certified offerings, and organised retail systems contribute to perceptions of reliability, making it a preferred choice for customers seeking variety supported by brand assurance.

Golubhai Badalia Diamond 



Golubhai Badalia Diamond
Golubhai Badalia Diamond is a Kolkata-based, five-generation jewellery house led by Golubhai Badalia, catering to India’s growing base of luxury diamond patrons. Specialising in high-quality, natural diamond jewellery and bespoke creations, the brand combines traditional craftsmanship with a premium, personalised experience. The house is known for personally attending to many of its clients, reinforcing long-standing relationships and strong attention to detail. With leadership that extends beyond jewellery into strategic investments and industry mentorship, it reflects both legacy depth and forward-looking vision — factors that reinforce its credibility in the luxury diamond segment.

Joyalukkas



Joyalukkas
– Founded in 1987, Joyalukkas began in the Middle East and has since expanded into a globally recognised jewellery retail brand with a strong presence across India and international markets. Its cross-border operations and large showroom network reflect scale and structured retail systems in a high-value category. Decades of expansion and sustained visibility have contributed to its reputation as a dependable destination for gold and diamond jewellery purchases.

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