P N Gadgil Jewellers reports sales of ₹606 crore during Diwali, up 74% YoY; company 'highly optimistic' for wedding season

Dhanteras contributed ₹277 crore, marking the company’s highest-ever single-day festive sales, registering an exceptional 105% growth as compared to the previous year.

Growth was primarily driven by the gold segment, which delivered a 74% year-on-year rise in revenue, supported by strong demand in the diamond and silver categories, which grew by 54% and 90%, respectively.

Gold volumes expanded by 10% to 390 kg, despite gold prices increasing by approximately 60% YoY, while diamond and silver volumes also recorded healthy growth of 47% and 17%, respectively.

Dr Saurabh Gadgil, Chairman and Managing Director of P N Gadgil Jewellers, said, “This Diwali marks yet another milestone in our journey. We are truly grateful for the continued trust and love our customers place in our brand, craftsmanship, and service. Through the launch of new festive offers, enhanced showroom experiences, and staying true to our core values, we have been able to delight our customers, drive robust growth across all categories, and strengthen our connection with them, despite fluctuating gold prices."

"Looking ahead to the wedding season, we remain highly optimistic. With customer sentiment remaining positive, we are well-positioned to continue this strong momentum," said Gadgil.

About P N Gadgil Jewellers

P N Gadgil Jewellers Limited is engaged in the business of the manufacture and sale of jewellery. It is primarily engaged in the retail sale of all kinds of gems, diamonds, semi-precious stones, and various types of jewellery made from gold, silver, and other metals, as well as all types of precious stones.

The company offers its products under various categories, such as rings, necklaces, pendants, mangalsutras, bracelets and bangles, cufflinks, and nose pins. All the stores are operated and managed by the company, with 36 owned stores.

The company offers its products under the PNG brand, as well as sub-brands, such as Saptam, Swarajya, Rings of Love, The Golden Katha of Craftsmanship, Flip, Eiina, PNG Solitaire, Men of Platinum, Evergreen Love, Pratha, and Yoddha.

P N Gadgil Jewellers share price trend

Shares of the company have rallied 9% in the past 30 days and over 28% in the past six months.