PNG Jewellers Q3 FY2025 Quarterly update
In Q3 FY25, PNG Jewellers witnessed a consolidated YoY growth of around 24% compared to the same period in Q3 FY24. This growth was driven by a strong increase in same store sales growth, Festive demand in Dussehra, Diwali and the wedding season
Key highlights:
The Retail segment saw a YoY revenue growth of around 42% compared to Q3 FY24.
The Franchise segment experienced a YoY revenue increase of around 87%, while the E- commerce segment grew by around 98% compared to Q3 FY24.
The Diamond category achieved a Steller Revenue growth of around 40% on a YoY basis compared to Q3 FY24.
As previously mentioned, in line with the plan to open 12 new stores, we have already launched 9 new stores over 9 consecutive days during Navratri in Oct-24. Moreover, we are all set to open 3 more stores in the upcoming quarter, further enhancing our store presence.
Note:
This Business update represents a summary of consolidated business performance subject to Limited Review by our Statutory Auditor for Q3 FY25. The unaudited results will be released following the approval of financial statements by the Board of Directors.
About Us:
Established in 1832, PNG Jewellers (P N Gadgil Jewellers) is one of India’s leading and trusted jewellery brand. With a legacy spanning over 192 years, it has earned a reputation for exceptional craftsmanship, timeless designs and impeccable quality.
Headquartered in Pune, the brand has grown to become the second largest player in Maharashtra (in terms of Number of stores) and operates 48 stores across India & USA. The brand follows a mix of COCO & FOCO model for ensuring consistent quality & wider reach. PNG Jewellers offers a diverse range of gold, silver, diamond & other precious gemstones jewellery both online & offline, seamlessly combining traditional craftsmanship with modern designs to mark life’s cherished moments. Staying true to its philosophy of “Pass on Happiness”, the brand continues to achieve new milestones while honoring its rich heritage.
