P N Gadgil Jewellers Limited reported record festive season sales of ₹618 crore during Navratri and Dussehra, reflecting a strong 65% YoY growth over the previous year.
Navratri and Dussehra Sales
Navratri contributed sales of ₹428 crore up by 66% YoY, while Dussehra alone delivered the company’s highest-ever single-day fes ve sales of ₹190 crore increased by 64% YoY.
Segment Performance
The Gold segment remained the key growth driver, with revenue rising 64% YoY, supported by healthy performance in Diamond by 47% and Silver up by 133%
Volume Growth Despite Price Surge
Despite gold prices surging over 50% YoY and 18% QoQ, demand stayed strong. Gold volume increased by 10% to 456 kg, while Diamond and Silver volumes grew by 53% and 64%, respectively.
Dr. Saurabh Gadgil’s Quote
Dr. Saurabh Gadgil, Chairman and Managing Director of P N Gadgil Jewellers, said: “Crossing record sales during Navratri and Dussehra, with Dussehra delivering our highest-ever single-day festive sales, is a proud milestone for PNG Jewellers. This milestone is the result of the festive spirit and the enduring bond we share with our customers. Gold once again emerged as the leader of growth, with Diamond and Silver also contributing significantly.
In line with the positive response to last Navratri’s ‘Nine Days, Nine Stores’ campaign, we brought PNG Jewellers even closer to our patrons this Navratri through 6 exclusive PNG Jewellers showrooms and 4 LiteStyle shop-in-shop stores, offering greater convenience and choice.
As we step into the festive season, our focus will remain on offering contemporary designs with the craftsmanship and service that PNG Jewellers is known for, while strengthening our presence across PAN India. We see this as a strong beginning to the festive quarter and are confident of building on this momentum.”
About PNG Jewellers
PNG Jewellers is one of the most reputed jewellers in the country, with over 193 years of excellence in creativity and trusted service for customers across India and the USA. Under the able leadership of Dr. Saurabh Gadgil, a visionary entrepreneur, P N Gadgil Jewellers Limited is creating a brand that caters to customers globally.
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