P N Gadgil Jewellers Limited reported a strong festive performance on the occasion of Akshaya Tritiya, recording revenue of ₹251 crore, marking a sharp 80.3% year-on-year growth compared to ₹140 crore in the same period last year.
The company said this was its second-highest single-day revenue performance to date, driven by robust demand, higher volumes, and strong customer footfall across markets. Growth was seen across product categories, supported by festive buying sentiment.
Gold continued to remain the key revenue driver, contributing ₹220 crore, up 79.6% year-on-year. Silver revenue stood at ₹10 crore, registering a growth of 98%, while the diamond and other jewellery segment reported ₹21 crore in revenue, rising 79.9% compared to the previous year.
The company highlighted that gold segment volumes grew 12.8% year-on-year, reflecting sustained consumer demand, while the strong growth in silver and diamond categories indicated improving diversification in its product mix.
Commenting on the performance, Chairman and Managing Director Dr. Saurabh Gadgil said the company witnessed strong traction across markets, supported by the cultural significance of Akshaya Tritiya and continued trust from customers. He added that demand remained particularly strong in western markets as well as regions such as Bihar, Uttar Pradesh and Indore.
The company noted that the strong festive performance provides a solid start to the current quarter, with the ongoing wedding season expected to act as a key demand driver. It also reiterated its focus on expanding retail presence, strengthening customer experience across channels, and driving consistent long-term growth.