P N Gadgil Jewellers has kicked off the festive season with a sparkling performance, reporting record sales of ₹618 crore during Navratri and Dussehra — a remarkable 65% jump compared to last year.
Navratri alone contributed ₹428 crore in sales, up 66% YoY, while Dussehra turned out to be the company’s most successful single-day festive sales ever at ₹190 crore, marking a 64% increase over last year.
Gold remained the star of the season, with revenue rising 64% YoY. Diamond and Silver also performed strongly, growing by 47% and an impressive 133% respectively. Despite gold prices rising more than 50% YoY and 18% quarter-on-quarter, customer demand stayed robust. Gold sales volume reached 456 kg, while Diamond and Silver volumes jumped 53% and 64%.
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 achievement reflects the festive spirit and the strong bond we share with our customers. Gold led the growth, with Diamond and Silver contributing significantly as well.”
He added that this Navratri, the company brought PNG Jewellers closer to customers through six exclusive showrooms and four LiteStyle shop-in-shop stores, building on the success of last year’s ‘Nine Days, Nine Stores’ campaign.
“As we continue through the festive season, our focus remains on offering contemporary designs with the craftsmanship and service that PNG Jewellers is known for, while expanding our presence across India. This is just the beginning of a strong festive quarter, and we are confident of maintaining this momentum,” Dr. Gadgil said.
