In Q3 FY25, PNG Jewellers witnessed a consolidated YoY growth of around 24% compared to the same period in Q3 FY24. This growth was driven by a strong increase in same store sales growth, Festive demand in Dussehra, Diwali and the wedding season.
Key highlights:
· The Retail segment saw a YoY revenue growth of around 42% compared to Q3 FY24.
· The Franchise segment experienced a YoY revenue increase of around 87%, while the E- commerce segment grew by around 98% compared to Q3 FY24.
· The Diamond category achieved a Steller Revenue growth of around 40% on a YoY basis compared to Q3 FY24.
· As previously mentioned, in line with the plan to open 12 new stores, we have already launched 9 new stores over 9 consecutive days during Navratri in Oct-24. Moreover, we are all set to open 3 more stores in the upcoming quarter, further enhancing our store presence.
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