National News

PN Gadgil Jewellers Limited – Navratri & Dussehra sales update

Published

1 month ago

October 3, 2025

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PN Gadgil Jewellers Limited reported record festive season sales of Rs 618 crore during Navratri and Dussehra, reflecting a strong 65% YoY growth over the previous year. Navratri contributed sales of 428 crore up by 66% YoY, while Dussehra alone delivered the company’s highest-ever single-day festive sales of 190 crore increased by 64% YoY. The Gold segment remained the key growth driver, with revenue rising 64% YoY, supported by healthy performance in Diamond by 47% and Silver up by 133%.

Despite gold prices surging over 50% YoY and 18% QoQ, demand stayed strong. Gold volume increased by 10% to 456 kg, while Diamond and Silver volumes grew by 53% and 64%, respectively.

Dr. Saurabh Gadgil, Chairman and Managing Director of P N Gadgil Jewellers, said: “Crossing record sales during Navratri and Dussehra, with Dussehra delivering our highest-ever single-day festive sales, is a proud milestone for PNG Jewellers. This milestone is the result of the festive spirit and the enduring bond we share with our customers. Gold once again emerged as the leader of growth, with Diamond and Silver also contributing significantly.

In line with the positive response to last Navratri’s ‘Nine Days, Nine Stores’ campaign, we brought PNG Jewellers even closer to our patrons this Navratri through 6 exclusive PNG Jewellers showrooms and 4 LiteStyle shop-in-shop stores, offering greater convenience and choice.

As we step into the festive season, our focus will remain on offering contemporary designs with the craftsmanship and service that PNG Jewellers is known for, while strengthening our presence across PAN India. We see this as a strong beginning to the festive quarter and are confident of building on this momentum”

Related Topics:2025 jewelbuzz Jewelbuzz Magazine nationalnews PN Gadgil PNG Jewellers

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National News

P N Gadgil Jewellers Reports 127% Surge in PAT for Q2 FY26; Strong Growth Across Retail, E-commerce, and Franchise Segments

Published

14 hours ago

November 12, 2025

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P N Gadgil Jewellers Limited, one of India’s oldest and most trusted jewellery houses with a 193-year legacy, has announced its unaudited consolidated financial results for the quarter ended September 30, 2025 (Q2 FY26), showcasing exceptional performance across key parameters.

The company reported an EBITDA of Rs.1,429.4 million, marking a 117% year-on-year (YoY) increase, and a Profit After Tax (PAT) of Rs.793.1 million, reflecting a 127% YoY growth. Revenue from operations rose to Rs.21,776.2 million, up 8.8% YoY and 27% sequentially (QoQ). EBITDA margin expanded by 327 basis points to 6.6%, while PAT margin improved to 3.6%.

For H1 FY26, total revenue stood at Rs.38,921.8 million, growing 6.1% YoY, with an average revenue per store of Rs.617.81 million and net profit per store of Rs.23.69 million, underscoring strong operational efficiency.

Segmental Highlights

Retail: Contributed 72.2% of total sales, achieving 28.9% revenue growth, with EBITDA margin at 9.1% and PAT margin at 5.1%.
E-commerce: Delivered a stellar 113.2% YoY growth, with revenue rising to ₹1,435.1 million.
Franchise: Registered a 104.7% increase, with revenue reaching Rs.3,408.9 million in Q2 FY26.
Same-Store Sales Growth (SSSG): Improved by 29% over the previous quarter.

Operational Highlights

Transaction Volume & Spend: Transaction count grew 18%, while the Average Transaction Value (ATV) increased to Rs.90,000.
Customer Engagement: Footfall rose 20% with a robust 93% conversion rate, signalling strong consumer sentiment.
Festive Momentum: Achieved record Navratri sales of ₹4,281 million, up 66% YoY.
Category Performance: Gold sales rose 24% in value and 15% in volume, Silver surged 92% in value and 59% in volume, while Diamonds recorded a 31% volume rise, lifting the stud ratio to 9%.

Excluding refinery operations, total revenue grew by 31.4% YoY in Q2 FY26 and 30.9% YoY in H1 FY26, highlighting robust growth across all core business segments.

P N Gadgil Jewellers’ strong performance reflects its strategic focus on customer experience, digital growth, and retail expansion, reaffirming its leadership position in India’s jewellery industry.

Commenting on the performance, Dr. Saurabh Gadgil, Chairman & Managing Director, P N Gadgil Jewellers Limited, said, “Our revenue stood at 38,921.8 million, EBITDA at 2,659.8 (up 101.3% YoY), and PAT at ₹1,486.5 million (up 111.6% YoY) in H1 FY26, supported by healthy growth across all segments, led primarily by the Retail business. Our signature events, Mangalsutra Mahotsav and Paijan Mahotsav, received an exceptional customer response, while record-breaking Navratri sales of Rs.4,281 million provided a strong close to the quarter’s performance.

During the quarter, we also launched a flagship store in Dadar, Mumbai, further strengthening our presence in Maharashtra, and expanded beyond our home state, entering new markets in Uttar Pradesh and Madhya Pradesh. With Dussehra, Diwali, and the upcoming wedding season in the subsequent quarter, we remain optimistic about sustaining this growth momentum.”