Reva Diamonds by PNGS, a branded certified natural diamond jewellery retailer backed by the 190+ year legacy of the P. N. Gadgil & Sons Group, has reported a robust sales performance on the auspicious occasion of Akshaya Tritiya (April 19, 2026), marking a strong start to the financial year 2026–27.
Quick Summary
- Reva Diamonds by PNGS reported strong sales on Akshaya Tritiya 2026
- Revenue grew 2.67 times YoY (267.49%)
- Continued growth momentum from Gudhi Padwa and Q4 FY26
- Rising consumer preference for certified natural diamonds
- New Pune EBO stores contributed ₹6.87 million revenue
- Total retail network expanded to 36 stores
- Strong outlook driven by retail expansion and consumer demand
Continued Growth Momentum
Building on its recent growth momentum, the Company had earlier recorded strong year-on-year performance during Gudhi Padwa (March 23, 2026), followed by an impressive 96.9% YoY revenue growth in Q4 FY26 (April 6, 2026). This sustained trajectory has continued into the new financial year, reflecting steady consumer demand and positive market sentiment towards certified natural diamond jewellery.
Significant YoY Revenue Growth
On the occasion of Akshaya Tritiya, the Company recorded a revenue of ₹127.27 million in FY 2026–27, as compared to ₹34.63 million on the same occasion in FY 2025–26, registering a significant year-on-year growth of 2.67 times (267.49%). This strong performance underscores increasing consumer preference for diamonds during traditionally gold-centric festive occasions.
Retail Expansion Driving Growth
The Company’s retail expansion strategy has also begun contributing meaningfully to its growth. Two recently inaugurated Exclusive Brand Outlets (EBOs) Wakad, Pune (inaugurated September 4, 2025) and Paud Road, Pune (inaugurated March 15, 2026), celebrated their first Akshaya Tritiya and delivered encouraging results. Together, these stores contributed a combined revenue of ₹6.87 million, indicating strong consumer acceptance and growing brand traction in their respective micro-markets.
Expanding Retail Footprint
As of date, Reva Diamonds by PNGS operates a total of 36 stores, comprising 2 Exclusive Brand Outlets (COCO stores) and 34 Shop-in-Shop (SIS) stores, reinforcing its expanding retail footprint and accessibility across key markets.
Leadership Commentary
Commenting on the performance, Mr. Amit Modak, CEO & Whole-Time Director, PNGS Reva Diamond Jewellery Limited said, “The strong response on Akshaya Tritiya this year reflects the evolving consumer mindset, where certified natural diamonds are increasingly being seen as both a meaningful purchase and a long-term value asset. Our continued growth momentum, supported by expanding retail presence and focused product offerings, positions us well for the year ahead. We remain committed to making diamond jewellery more accessible while strengthening trust and value for our customers.”
Strategic Outlook
This strong start to FY 2026–27 further reinforces Reva Diamonds by PNGS’ strategic focus on expanding its retail footprint, strengthening consumer engagement, and driving category growth in certified natural diamond jewellery.
About the Company
About PNGS Reva Diamond Jewellery Limited (CIN No. U32111PN2024PLC236494):
PNGS Reva Diamond Jewellery Limited is a focused diamond jewellery retail player backed by the strong legacy of the P N Gadgil & Sons Group, which brings over 190 years of heritage in the jewellery industry. The Company currently operates across 36 locations, comprising a mix of SIS (Shop-in-Shop) formats and COCO stores, with a strong presence in Maharashtra and a growing footprint in select other markets. Leveraging its established brand recall, strong management, sourcing capabilities and domain expertise in studded jewellery, the Company is strategically transitioning towards a COCO-led store expansion model to drive scalable growth, while continuing to benefit from the Group’s established retail network and credibility.
FAQs
What drove the strong sales performance of Reva Diamonds by PNGS?
The growth was driven by rising consumer preference for certified natural diamond jewellery and strong festive demand during Akshaya Tritiya.
How much revenue did the company generate during Akshaya Tritiya 2026?
The company recorded ₹127.27 million in revenue during Akshaya Tritiya FY 2026–27.
What was the year-on-year growth recorded?
The company registered a 2.67 times growth, equivalent to 267.49% YoY increase.
How many stores does Reva Diamonds by PNGS operate?
The company currently operates 36 stores, including 2 COCO and 34 SIS outlets.
What role did new stores play in performance?
New EBOs in Wakad and Paud Road contributed ₹6.87 million, indicating strong consumer response.
What is the company’s strategy going forward
The focus is on expanding retail footprint, strengthening consumer engagement, and driving growth in certified natural diamond jewellery.
Source: SVAR Media Network
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