P N Gadgil Jewellers Limited recorded festive season sales of ₹689 crore during Diwali, registering a 14% year-on-year growth. The performance was primarily driven by the gold segment, while silver and diamond jewellery also witnessed positive growth, reflecting encouraging consumer demand across product categories.
Quick Summary
- P N Gadgil Jewellers Limited recorded Diwali sales of ₹689 crore.
- The company registered 14% year-on-year growth during the festive season.
- Gold revenue grew by 13% year-on-year.
- Silver category sales increased by 24% year-on-year.
- Diamond segment sales registered 8% year-on-year growth.
- Studded jewellery contributed 17.2% of sales, while the overall retail average stud ratio stood at 12.6%.
- The company reported encouraging traction in newer markets across Northern and Central India.
P N Gadgil Jewellers Records ₹689 Crore in Diwali Sales
P N Gadgil Jewellers Limited recorded festive season sales of ₹ 689 crore during Diwali, registering a 14% year-on-year growth.
Newer Regions Show Encouraging Traction
This festive season, our newer regions in Northern and Central India showed encouraging traction, with studded jewellery contributing 17.2% of sales, while the overall retail average Stud ratio stood at 12.6%.
Gold, Silver and Diamond Segments Drive Growth
The performance was primarily driven by the gold segment, which recorded a 13% year-on-year growth in revenue. The silver category also witnessed strong traction, registering a growth of 24% year-on-year, while the diamond segment reported an 8% year-on-year growth.
Dr. Saurabh Gadgil Shares His Views on Diwali Performance
Dr. Saurabh Gadgil, Chairman and Managing Director of P N Gadgil Jewellers, said:
“This Diwali represents another significant chapter in our growth journey. We sincerely appreciate the continued confidence and affection our customers have shown towards our brand, product quality, craftsmanship and service.
By introducing exciting festive offers, elevating the in-store shopping experience and remaining committed to our core values, we have continued to create greater value for our customers. These initiatives have helped us deliver healthy growth across product categories and deepen customer engagement, even amid volatility in gold prices.
As we enter the upcoming wedding season, we remain confident about the growth outlook. With consumer sentiment continuing to remain encouraging, we believe we are well-positioned to sustain the positive momentum in the coming months.”
FAQs
How much did P N Gadgil Jewellers record in Diwali sales?
P N Gadgil Jewellers Limited recorded festive season sales of ₹689 crore during Diwali.
What was P N Gadgil Jewellers’ year-on-year growth during Diwali?
The company registered 14% year-on-year growth during the Diwali festive season.
Which jewellery segment contributed the most to the growth?
The gold segment was the primary growth driver, recording 13% year-on-year revenue growth.
How did the silver and diamond segments perform?
The silver category recorded 24% year-on-year growth, while the diamond segment reported 8% year-on-year growth.
What was the contribution of studded jewellery to sales?
Studded jewellery contributed 17.2% of sales, while the overall retail average stud ratio stood at 12.6%.
Who shared the company’s Diwali performance update?
Dr. Saurabh Gadgil, Chairman and Managing Director of P N Gadgil Jewellers, shared the company’s festive season performance and growth outlook.
Source: SVAR Media Network
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