PNG Jewellers has once again solidified its position as a market leader with an impressive 24% year-on-year (YoY) consolidated growth in Q3 FY25. This remarkable achievement highlights the company’s resilience, innovative strategies, and commitment to excellence. Let’s dive into the key factors behind this success story.
Key highlights:
- Store Sales Performance
The company experienced robust growth in same-store sales, driven by the festive demand during Dussehra, Diwali, and the wedding season, which traditionally mark peak jewelry-buying periods in India. - Retail Segment Expansion
PNG Jewellers’ retail segment achieved an impressive 42% YoY revenue growth compared to Q3 FY24. This underscores the company’s ability to cater to evolving customer needs while maintaining a premium shopping experience. - Franchise and E-commerce
The franchise segment recorded a phenomenal 87% YoY revenue increase, showcasing the effectiveness of PNG Jewellers’ franchise model. Additionally, the e-commerce segment grew by a staggering 98%. - Diamond Category
Diamonds continue to shine for PNG Jewellers, with the category achieving an extraordinary 40% YoY revenue growth in Q3 FY25.
In line with its ambitious plan to open 12 new stores in FY25, PNG Jewellers launched 9 new stores in just 9 days during Navratri in October 2024. This rapid expansion highlights the brand’s commitment to enhancing its physical retail presence. Furthermore, 3 additional stores are set to open in the upcoming quarter, ensuring even greater accessibility for customers across regions.
