National News

VBJ SINCE 1900 POWERS THE 8TH EDITION OF D2D CHENNAI MARATHON 2025

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4 weeks ago

October 14, 2025

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VBJ Since 1900 (Vummidi Bangaru Jewellers), India’s most trusted heirloom jewellery brand proudly powered the 8th edition of the D2D Chennai Marathon 2025, held recently — a purpose-driven initiative that went beyond partnership to become a heartfelt celebration of endurance, compassion, and community. Conceptualised by Neville J Bilimoria, the marathon aimed to raise funds for underprivileged children, supporting their education and healthcare needs, while also extending aid to the Cancer Institute (WIA) for the treatment and care of cancer patients.

The 8th edition of D2D witnessed remarkable participation, with nearly 3,500 runners and cyclists taking part across three categories – adult runs, kids’ run and cycling. Registrations were conducted online through a simple, user-friendly platform with a nominal entry fee, making it inclusive and accessible to participants across age groups.

Speaking about the association, Jithendra Vummidi, Managing Partner, VBJ, said, “At VBJ, endurance is not just about lasting through time – it’s about evolving with purpose. The D2D Marathon mirrors that same spirit: pushing boundaries, instilling hope, and creating meaningful change. What made this edition special was the sense of belonging – a collaboration built on trust, shared values, and a genuine bond with Neville and the D2D family.”

Adding to this, Amarendran Vummidi, Managing Partner, VBJ, shared, “For 125 years, VBJ has stood for trust, craftsmanship, and compassion – values that go far beyond adornment. Powering D2D allowed us to take those values beyond our stores and into the community, creating real impact. It was inspiring to see Chennai come together in the true spirit of giving and togetherness.”

Neville J Bilimoria, Founder of D2D Marathon, expressed, “VBJ has been more than a partner – they have been part of the D2D journey since inception! Our association added depth, warmth, and legacy to this 8th edition. It’s rare to find a brand that aligns so deeply with our vision – where empathy, and excellence come together for a greater cause.”

Honouring its legacy as the creator of the historic Sengol – rediscovered after 72 years and now enshrined in India’s new Parliament beside the Speaker’s chair – VBJ continues to uphold its values of tradition, craftsmanship and legacy. With plans to expand across Tamil Nadu and the USA, VBJ Since 1900 remains rooted in purpose and community. The D2D Chennai Marathon 2025 reflected this very essence: a shared journey of resilience and purpose, blending heritage with humanity in the truest sense.

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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

2 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.”