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Palmonas Makes North India Debut with New Store in Delhi’s Omaxe Chowk

The demi-fine jewellery brand brings its affordable, everyday wear collection to the heart of Chandni Chowk, with Bollywood star Shraddha Kapoor leading the charge.

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Demi-fine jewellery label Palmonas has launched its first retail store in North India, opening doors at the bustling Omaxe Chowk in Chandni Chowk, New Delhi. The store showcases a wide selection of lightweight, stylish jewellery designed for modern women and features promotional visuals of Bollywood actress and brand co-founder Shraddha Kapoor.

“Palmonas was born out of the idea to offer stylish, long-lasting, and affordable jewellery for modern Indian women,” said Shraddha Kapoor, India Retailing reported. “Each piece is crafted to complement everyday looks while making a statement. I’m so excited to see our first North India store come to life at such a vibrant location like Omaxe Chowk, Chandni Chowk.”

The new outlet offers a curated range of necklaces, rings, bracelets, and earrings tailored to Indian shoppers looking for contemporary, budget-friendly jewellery. With its focus on tarnish-resistant, lightweight designs perfect for everyday use, Palmonas has built a strong global footprint, shipping to over 200 countries.

“Omaxe Chowk, Chandni Chowk, with its blend of heritage and modern infrastructure, is emerging as a launchpad for such brands,” said Omaxe Group’s executive director Jatin Goel. “Palmonas’ entry here is not just a store opening—it represents the growing appetite for curated, experiential retail that resonates with the next generation of shoppers.”

Founded in Pune in 2022 by Pallavi Mohadikar and Amol Patwari, Palmonas later welcomed Shraddha Kapoor as a co-founder. With this Delhi debut, the brand joins an elite line-up of jewellery labels at Omaxe Chowk, including Tanishq, Malabar, CaratLane, Kalyan Jewellers, Senco, and Kisna, as it continues to expand its presence in India’s thriving jewellery market.

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National News

P N Gadgil Jewellers Reports ₹251 Crore Revenue on Akshaya Tritiya, Registers 80.3% YoY Growth

Strong Footfalls, Volume Growth, and Diversified Demand Across Gold, Silver, and Diamonds Drive One Of The Brand’s Highest Single-Day Performances

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P N Gadgil Jewellers reported a robust revenue of Rs. 251 crore on Akshaya Tritiya 2026, marking an impressive 80.3% year-on-year growth compared to Rs. 140 crore last year. This performance stands as the company’s second-highest single-day revenue to date, driven by strong consumer sentiment, healthy footfall, and solid traction across key product categories.

The gold segment remained the primary growth driver, recording Rs. 220 crore in revenue, reflecting a 79.6% YoY increase, along with a 12.8% rise in volume growth. Meanwhile, the silver segment surged by 98.0%, reaching Rs. 10 crore, and the diamond and other jewellery category grew by 79.9%, contributing Rs. 21 crore—highlighting balanced growth across segments.

The table below summarises segment-wise revenue performance compared with the prior year:

Particulars (₹ Cr)Apr-26 RevenueApr-25 RevenueRevenue Growth (%)
Gold22012379.6%
Silver10598.0%
Diamond & Other211279.9%
Total25114080.3%

Commenting on the performance, Dr Saurabh Gadgil, Chairman and Managing Director, stated, “We are pleased with the strong operational performance, with total revenue at Rs. 251 crore. The robust demand environment reflects the enduring cultural significance of Akshaya Tritiya and the trust customers place in the PNG brand. Our 194-year legacy and craftsmanship continue to drive this momentum.”

He further noted that gold remained the key contributor, while silver and diamonds showed exceptional growth, indicating strong customer acquisition and effective footfall conversion. The company also witnessed encouraging traction beyond its core markets, particularly in Bihar, Uttar Pradesh, and Indore, alongside its strong presence in western India.

With a strong start to the quarter, P N Gadgil Jewellers remains well-positioned to capitalise on the ongoing wedding season, which is expected to act as a key demand driver in the coming months. The brand continues to focus on expanding its retail footprint, enhancing customer experience across channels, and delivering consistent long-term growth.

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