PN Gadgil Jewellers Revenue Jumps 24% in Q3 FY25

Jewellery retail chain PN Gadgil Jewellers (PNG Jewellers) has reported a consolidated year-on-year (YoY) revenue growth of 24% for the third quarter of FY25. The impressive growth was fueled by robust same-store sales performance and heightened festive demand during Dussehra, Diwali, and the wedding season.

“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,” the company stated in its filing to the stock exchanges.

Retail and E-Commerce Segments Lead the Growth

The company’s retail segment was a major contributor, recording a 42% YoY increase in revenue. Meanwhile, the franchise segment achieved an impressive 87% YoY growth, reflecting the company’s growing presence across different markets.

PNG Jewellers’ e-commerce division outperformed other segments with a staggering 98% YoY revenue surge, driven by increasing consumer preference for online jewellery shopping. Additionally, the diamond category posted a remarkable 40% YoY growth in revenue, showcasing robust demand for premium offerings.

Expansion Strategy: Nine New Stores Opened During Navratri

In line with its aggressive expansion plans, PNG Jewellers opened nine new stores over nine consecutive days during Navratri in October 2024. This rapid expansion aligns with the company’s target to launch 12 new stores in FY25.

“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,” the company added.

Stock Performance 

On January 09, 2025, PN Gadgil Jewellers (PNG Jewellers) share price traded 1.13% lower at ₹662.75, while the BSE benchmark Sensex is down 248.48 points to 77,900.01. PN Gadgil Jewellers’ share price reached a 52-week high of ₹843.80 on September 17, 2024, and a 52-week low of ₹611.40 on November 22, 2024. As per BSE, the total traded volume for the stock stood at 0.21 lakh shares with a turnover of ₹1.44 crore.

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