Pune-based P N Gadgil Jewellers (PNG) has wrapped up a robust financial year FY25, driven by strong retail demand, digital expansion, and festive season momentum. The company posted a 5.1% rise in Q4 revenue, capping off a full-year revenue growth of 25.9%, according to a regulatory filing.
Retail remained PNG’s primary growth engine, contributing 81.5% of total revenue in Q4. This segment saw a 50% year-on-year rise during the quarter, reflecting consistent consumer interest and efficient execution across its store network.
A major sales spike was witnessed during Gudi Padwa, with PNG clocking its highest-ever single-day sales of ₹123.5 crore, a 40.4% jump over the previous year’s figures.
Same-store sales growth (SSSG) was also impressive at 26.3%, signaling steady performance across established stores. Notably, the stud ratio (indicating sales of studded jewellery) climbed by 30.8% to reach 7.4%, showing a rising preference for premium jewellery.
The company’s e-commerce division posted a remarkable 243.8% growth in Q4 FY25, now contributing 5.7% of total revenue. Franchisee operations also strengthened, growing 37.2% and making up 11.7% of revenue, supported by deeper market penetration and strong franchisee support.
PNG opened 5 new stores in Q4, four company-owned and one franchise—bringing the total to 53 outlets, including its 50th store milestone. The jeweller also renovated its iconic Laxmi Road store in Pune and established a new backend office in Mumbai to boost operational efficiency.
Looking ahead, PNG Jewellers plans to open 20–25 new stores in FY26, with a focus on Uttar Pradesh and other emerging markets. The brand is positive about the upcoming Q1 FY26, expecting strong performance during Akshaya Tritiya and the ongoing wedding season.
“Strong consumer demand, increasing purchasing power, and evolving preferences position us well for continued growth. Our expansion plans reflect our confidence in the market and our commitment to deeper brand penetration,” the company noted.
Currently, PNG operates 53 stores—52 in Maharashtra and Goa, and one in the U.S.A. Of these, 41 are company-owned, and 12 are franchise outlets under the FOCO (Franchise-Owned Company-Operated) model.
Read More: Titan Jewellery, Eyewear, Wearables Fuel Q4 Growth.
As of April 9, 2025, shares of P N Gadgil Jewellers Limited were trading lower at ₹511.45, down 1.83% at 11:30 AM from the previous close of ₹521.00. The stock opened the day at ₹518.00 and touched an intraday high of ₹521.30 before dipping to a low of ₹509.75.
With solid same-store growth and a marked shift towards premium jewellery, the company is positioning itself for further expansion in FY26. Its planned rollout of 20–25 new stores and strategic market entry into high-potential regions like Uttar Pradesh underline its growth ambition.
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Published on: Apr 9, 2025, 11:45 AM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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