P N Gadgil Jewellers Limited has reported a strong financial performance for the third quarter of FY25, with consolidated revenue surging 23.5% YoY to ₹2,435.75 crore, up from ₹1,972.16 crore in Q3 FY24. Net profit saw an impressive 49.4% YoY growth, reaching ₹86.04 crore from ₹57.60 crore in the same period last year.
The company also achieved a record-breaking revenue of over ₹1,050 crore in a single month (October 2024), reflecting strong demand during the festive season.
Key Financial Highlights (Consolidated)
- Revenue from Operations: ₹2,435.75 crore, up 23.5% YoY
- EBITDA: ₹129.77 crore, up 37.2% YoY
- EBITDA Margin: 5.3% (up 50 bps from 4.8% in Q3 FY24)
- Net Profit (PAT): ₹86.04 crore, up 49.4% YoY
- PAT Margin: 3.5%, up 60 bps YoY
- Earnings Per Share (EPS): ₹6.34
For the nine-month period (9M FY25), the company reported:
- Revenue: ₹6,105.24 crore (+32.7% YoY)
- EBITDA: ₹261.91 crore (+39.5% YoY)
- Net Profit: ₹156.28 crore (+53.7% YoY)
Growth Across All Business Segments
- Retail Segment (77% of Total Sales): Grew 41.8% YoY, with an EBITDA margin of 6.8% and PAT margin of 4.6%.
- E-Commerce Sales: Witnessed 97.9% growth YoY, reaching ₹70.5 crore.
- Franchise Business: Revenue grew by 86.6% YoY to ₹226.4 crore.
Operational Highlights & Expansion Strategy
- Same-Store Sales Growth (SSSG): 25.7% YoY, indicating strong consumer demand.
- Higher Customer Engagement:
- Transaction count grew 20.9% YoY.
- Average transaction value (ATV) increased 21.7% to ₹86,000 per purchase.
- Footfall surged 36.2%, with an impressive 93.7% conversion rate.
- Festive Sales Surge:
- Navratri sales grew by 18.0%.
- Diwali sales jumped over 52.7%.
- New Store Openings:
- Launched nine new stores in nine days during Navratri.
- Total store count reached 48, with a target of 53 stores by Q4 FY25.
Dr. Saurabh Gadgil, Chairman & Managing Director of P N Gadgil Jewellers, stated:
“Our strong Q3 FY25 performance reflects our customers’ continued trust and our growing retail footprint. Record-high monthly revenue, exceptional same-store sales growth, and increasing digital engagement reinforce our strategic expansion plans. With a strong festive season performance and rising demand across all segments, we remain well-positioned for sustained growth in the coming quarters.”
P N Gadgil Jewellers, one of Maharashtra’s largest organized jewellery retailers, continues to expand its presence across India and internationally. With a 192-year-old legacy, a growing e-commerce segment, and a strategic retail expansion plan, the company is set for continued strong performance in FY25.
