P N Gadgil Jewellers Reports 25.9% YoY Growth in Consolidated Revenue to ₹76,934.68 Mn in FY25; EBITDA Up 33.2% and PAT Up 40.7%

P N Gadgil Jewellers Limited, one of the most reputed jewellers in the country, boasts over 192 years of excellence in creativity and trusted service in the retail business of gold, silver, and diamond jewellery, announced its audited financial results for the quarter ended 31st March 2025. The company achieved its highest-ever single-day festive sales on the occasion of Gudi Padwa, recording revenue of Rs. 123.5 crore in Q4 FY25 an increase of 40.4% year-on-year growth

Key Financial Highlights:

For FY 25, average revenue per store stands at around Rs. 1,451.60 million, while net profit per store reached Rs. 41.18 million, demonstrating strong efficiency and profitability at the store level.

Segmental Performance Highlights (INR Mn)

Retail segment is 81.5% of our total sales, continues to lead the way, achieving an impressive Revenue growth of 50.1% an EBITDA margin of 7.9% and a PAT margin of 4.2%.
The company’s E‐commerce segment experienced exceptional growth, with revenue increasing to Rs. 906.80 million, a 243.7% rise.
Franchise revenue also grew to Rs. 1,852.21 million, with an 37.2% increase for Q4 FY25.
Strong Same-Store Sales Growth (SSSG) of 26.5% continues to drive sustained growth, underlining the successful performance of our existing showrooms for FY25.

Operational Financial Highlights

Sustained Demand Momentum Amid High Prices: our transaction volumes surged by 40.3% year-on-year, demonstrating resilient demand and growing customer engagement, even amid record-high gold prices. The average transaction value remained robust at ₹ 77K
- Customer Footfall and Conversion Rate: A 37.8% increase in foot falls, coupled with a strong Conversion rate of 92.3%, further fuels our growth, reflecting increased Demand, customer engagement and sustained purchasing behavior at the store level.
Festive Sales Surge: The festive season continues to contribute significantly to our performance, with Gudi Padwa sales growing by 40.4% YoY.
Stud Ratio: A 30.8% YoY rise in studded portion, taking the stud ratio to ~8%.

Commenting on the performance, Dr. Saurabh Gadgil, Chairman & Managing Director, P N Gadgil Jewellers Limited, said,

“Our Q4 and full-year FY25 performance reflects the strength of our brand, the trust of our customers, and our relentless focus on execution across formats. We have delivered strong growth across all key segments: retail, e-commerce, and franchise driven by our differentiated customer experience, focused expansion, and digital-first approach. We successfully achieved our target store count of 53 by the end of FY25, reinforcing our commitment to strategic growth and deeper market penetration. Despite elevated gold prices during the quarter, we witnessed resilient consumer sentiment and robust demand, underscoring the strength of our brand proposition. With a solid foundation in place, we are well-positioned to build on this momentum and continue creating long-term value for all our stakeholders.

About P N Gadgil Jewellers Limited:

Incorporated in 1832, PNG Jewellers is one of the second largest organised jewellery players in Maharashtra in terms of number of stores. The ‘PNG’ brand derives its legacy from the P N Gadgil heritage and offers a wide range of gold, silver, platinum, and diamond jewellery collections designed for weddings, engagements, festivals, and daily wear. The Company operates 53 retail stores, including 52 in Maharashtra and Goa, and one in the U.S., with a total retail area of 1,65,260 sq. ft. The stores include 41 company-owned and 12 franchisee-owned outlets under the FOCO model. The product portfolio includes eight collections for gold jewellery, two for diamonds, and two for platinum, alongside customised jewellery. Under the leadership of Promoter and Managing Director Saurabh Vidyadhar Gadgil, a sixth- generation entrepreneur with 25+ years of experience, PNG Jewellers has transformed into a contemporary jewellery brand with strong customer trust and loyalty.

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