P N Gadgil Jewellers | Business Upturn

P N Gadgil Jewellers opens two new stores, total count reaches 78

Business Desk — Sun, 29 Mar 2026 15:20:14 +0000

P N Gadgil Jewellers has expanded its retail footprint by opening two new stores in Maharashtra on March 29, 2026. The latest additions bring the total number of stores operated by the company to 78, marking a significant milestone in its growth strategy.

The first store was inaugurated at R Square Runwal, LBS Road, Mulund, Mumbai, Maharashtra, at approximately 12:30 P.M. The second store opened its doors at Livin Solitaire, Canada Corner, Nashik, Maharashtra, at around 05:00 P.M. These new locations are expected to enhance customer accessibility and strengthen the brand’s presence in key markets.

The expansion reflects P N Gadgil Jewellers‘ commitment to increasing its market reach and providing customers with convenient access to its wide range of jewellery products. The company continues to focus on strategic growth, leveraging its strong brand reputation to attract new customers while serving its loyal clientele.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

P N Gadgil Jewellers opens new store in Varanasi, expanding total to 76 locations

Arunika Jain — Fri, 27 Mar 2026 13:39:44 +0000

P N Gadgil Jewellers has announced the opening of a new store in Varanasi, Uttar Pradesh, as of March 27, 2026. This expansion brings the total number of stores operated by the company to 76. The new store is located at Mohalla Sigra, Ward Dashashwamegh, Varanasi, and was inaugurated at approximately 6:30 PM.

This development is part of the company’s ongoing strategy to increase its retail footprint across India. The Varanasi store aims to cater to the growing demand for jewellery in the region, providing customers with a wide range of products and services.

The announcement was made in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has requested that this information be recorded by the National Stock Exchange of India and BSE Limited.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

P N Gadgil Jewellers opens two new stores, expanding total to 75

Yash Agarwal — Sun, 22 Mar 2026 14:40:15 +0000

P N Gadgil Jewellers has announced the opening of two new stores, bringing its total number of outlets to 75. The new stores were inaugurated on 22 March 2026.

The first store is located at The Nextation Building, ‘E’ Ward, Shahupuri, Kolhapur, Maharashtra, and began operations at approximately 06:50 PM. The second store, operating under the Franchise Owned, Company Operated (FOCO) model, is situated at Vallabh Vihar, Mahatma Gandhi Road, Rajawadi Colony, Ghatkopar East, Mumbai, Maharashtra, and started operations at around 07:05 PM.

This expansion marks a significant milestone for P N Gadgil Jewellers as it continues to grow its presence in Maharashtra, enhancing accessibility for its customers.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

P N Gadgil Jewellers surpasses Rs 10,000 crore revenue milestone; Gudi Padwa sales rise 38%

Yash Agarwal — Fri, 20 Mar 2026 07:34:09 +0000

P N Gadgil Jewellers Limited has reached a significant milestone by surpassing ₹10,000 crore in revenue for the financial year 2025-26, showcasing strong business momentum. On the occasion of Gudi Padwa, the company recorded festive sales of ₹170.7 crore, marking a robust 38% year-on-year growth compared to the corresponding period last year.

The gold segment was the primary driver of value, with revenues increasing by 35% year-on-year. Meanwhile, the diamond and silver segments also demonstrated strong growth, with year-on-year increases of 61% and 118%, respectively.

Dr. Saurabh Gadgil, Chairman and Managing Director, expressed his satisfaction with the achievement, stating, “Surpassing the ₹10,000 crore revenue milestone marks a defining moment in our journey—one that we have long aspired to achieve. This milestone is a testament to the unwavering trust of our customers and the relentless dedication of our employees, whose collective efforts have made this achievement possible.”

He further added, “Gudi Padwa continues to be a key occasion for us, and this year witnessed strong customer traction across our markets despite elevated gold prices, resulting in revenue of ₹170.7 crore. This performance reflects the strength of our brand and our consistent execution across categories and regions.”

Encouraged by the current momentum, P N Gadgil Jewellers remains optimistic about sustaining its performance. With the ongoing wedding season, continued expansion into new markets, and a sustained focus on offering compelling designs and value, the company is well-positioned to close the financial year on a strong note.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

P N Gadgil Jewellers opens new store in Pune, bringing total to 73

Business Desk — Tue, 17 Mar 2026 15:20:23 +0000

P N Gadgil Jewellers has expanded its retail footprint with the opening of a new store in Pune, Maharashtra. The store, which operates under the Franchise Owned, Company Operated (FOCO) model, is located at Supercon Residency, Shirine Garden, Aundh. The opening took place on March 17, 2026, at approximately 6:00 P.M.

This latest addition increases the total number of P N Gadgil Jewellers stores to 73. The company continues to strengthen its presence in the region, offering customers a wide range of jewellery options.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

P N Gadgil Jewellers opens new store in Sindhudurg, total count reaches 71

Business Desk — Sat, 14 Mar 2026 18:08:35 +0000

P N Gadgil Jewellers has expanded its retail footprint by opening a new store in Sindhudurg, Maharashtra, under the Franchise Owned, Company Operated (FOCO) model.

The newly inaugurated store is located at Panchami Heights, Sawantwadi, Sindhudurg, and marks the company’s 71st outlet. The opening took place on March 14, 2026, at approximately 05:20 P.M. This expansion is part of P N Gadgil Jewellers‘ ongoing strategy to increase its presence in key markets across India.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

This article is written by Business Desk and reviewed by Aman Shukla before publication.

P N Gadgil Jewellers opens 70th store in Navi Mumbai

Business Desk — Fri, 13 Mar 2026 14:38:54 +0000

P N Gadgil Jewellers has expanded its retail footprint by opening a new store in Navi Mumbai, Maharashtra, bringing its total number of outlets to 70.

The new store is located at Grand Uran Central in Anand Nagar, Uran, Navi Mumbai, and was inaugurated on March 13, 2026, at approximately 7:00 PM. This expansion reflects the company’s ongoing strategy to strengthen its presence in key markets across India. The addition of this store marks a significant milestone for P N Gadgil Jewellers as it continues to cater to its growing customer base with a wider network of outlets.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

This article is written by Business Desk and reviewed by Aman Shukla before publication.

P N Gadgil Jewellers announces new store opening

Finance Desk — Sat, 07 Mar 2026 14:35:20 +0000

P N Gadgil Jewellers Limited has announced the opening of a new store, expanding its retail footprint. The new outlet is part of the company’s strategic plan to enhance accessibility and provide a wider range of jewellery options to its customers.

The store is located in a prime area, which is expected to attract significant footfall and boost sales. This expansion is in line with P N Gadgil Jewellers’ commitment to growth and customer satisfaction, as the company continues to strengthen its presence in the jewellery market.

With this new store, P N Gadgil Jewellers aims to offer a unique shopping experience, showcasing an extensive collection of traditional and contemporary jewellery designs. The company is optimistic about the store’s potential to contribute positively to its overall performance.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

P N Gadgil Jewellers Q3 Business Update: Revenue surges 46% YoY, E-commerce segment jumps 138%

Aman Shukla — Thu, 08 Jan 2026 05:45:43 +0000

P N Gadgil Jewellers Limited reported its operational update for the third quarter of FY26, reflecting revenue growth primarily driven by seasonal demand. During the quarter, the retail segment recorded a 46% year-on-year increase compared to Q3 FY25 and accounted for 83.2% of total revenue. The company attributed this performance to festive and wedding season demand during the period.

Within the non-retail segments, the e-commerce business registered a 138% year-on-year increase in Q3 FY26 and contributed 5.1% to total revenue. Franchisee operations reported a 12% year-on-year growth and accounted for 7.7% of overall revenue for the quarter.

On a consolidated basis, revenue excluding the other segment stood at ₹3,169 crore in Q3 FY26 compared with ₹2,176 crore in Q3 FY25. The other segment contributed ₹133 crore in Q3 FY26 versus ₹259 crore in the corresponding quarter of the previous year. Total consolidated revenue for the quarter increased to ₹3,302 crore from ₹2,435 crore year-on-year. The other segment, comprising primarily B2B bullion sales from the head office and corporate segment, represented around 4% of total revenue in Q3 FY26.

Festive season sales contributed materially to quarterly revenue. Dussehra sales were reported at ₹190 crore, reflecting a 64% year-on-year increase. Dhanteras sales stood at ₹277 crore, leading total Diwali sales to ₹606 crore for the period, representing a 74% year-on-year growth. October 2025 recorded monthly revenue of ₹1,807 crore, the highest monthly revenue reported by the company to date, with a 72% year-on-year increase.

In terms of product mix, studded jewellery revenue for the nine months ended FY26 increased by 52% year-on-year, resulting in a stud ratio of 8.4%. Same-store sales growth for Q3 FY26 was reported at 32%.

On the operational front, the company added three company-owned outlets during the quarter, taking the total store count to 66 as of December 31, 2025.

For FY26, P N Gadgil Jewellers has outlined plans to continue expanding its retail presence. The company expects to open 12–14 new stores in Q4 FY26 through a mix of company-owned and franchisee-operated outlets, with a stated target of reaching 78–80 stores by the end of the financial year.

P N Gadgil Jewellers reports record Rs 606 crore festive season sales; Dhanteras marks highest-ever single day sales

Aman Shukla — Mon, 27 Oct 2025 05:32:34 +0000

P N Gadgil Jewellers Limited has delivered an exceptional performance this festive season, recording total sales of ₹606 crore during Diwali 2025 — a robust 74% jump compared to the same period last year. The impressive surge underscores the company’s strong market presence and the buoyant consumer sentiment during the festive period.

The highlight of the season was Dhanteras, which brought in a record-breaking ₹277 crore in sales — marking the highest-ever single-day festive revenue in the company’s history. This represents an outstanding 105% year-on-year growth, reflecting strong demand across product categories, especially gold.

The gold segment remained the key growth driver, contributing significantly to overall revenue with a 74% increase year-on-year, supported by rising festive demand and sustained consumer trust in the brand. Alongside, the diamond segment recorded a 54% growth, while silver sales surged 90%, indicating growing customer interest in diversified jewellery options.

Despite a sharp 60% year-on-year rise in gold prices, the company managed to achieve a 10% increase in gold volumes, totaling 390 kg during the season. Diamond and silver volumes also posted impressive gains of 47% and 17%, respectively, reinforcing strong underlying consumer appetite.

P N Gadgil Jewellers’ Navratri and Dussehra sales jump 65% YoY to Rs 618 crore

Aman Shukla — Fri, 03 Oct 2025 09:30:30 +0000

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.

P N Gadgil Jewellers Q1 FY26 Update: Retail segment grows 19.4% YoY, festive sales set new record

Aman Shukla — Mon, 07 Jul 2025 10:46:06 +0000

P N Gadgil Jewellers saw a stable start to the financial year, with their Q1 FY26 numbers showing measured growth despite a somewhat cautious consumer environment. Retail continued to be the backbone of the business, contributing over 70% of the total revenue and growing by nearly 20% compared to the same quarter last year.

Among the non-retail segments, e-commerce stood out with a strong jump of 126% year-on-year. Though it still accounts for a modest 3.9% of overall revenue, the increase highlights the company’s growing digital presence. Franchise operations also performed well, rising 109% from the year-ago period and contributing just under 16% to total revenue. Other segments, which include B2B and corporate sales, made up a little over 10% of the revenue this quarter. It’s worth noting that the refinery segment, which had generated ₹3,535 million in Q1 FY25, has been discontinued since October 2024, impacting the year-on-year comparison of total revenue.

When excluding refinery figures, the company’s revenue grew by 30.4% year-on-year, climbing from ₹13,140 million in Q1 FY25 to ₹17,137 million in Q1 FY26. This gives a more accurate picture of ongoing business performance.

The Akshaya Tritiya festival proved to be a significant driver during the quarter, bringing in the company’s highest-ever single-day festive sales of ₹1,395.3 million—up more than 35% from the previous year.

In terms of product trends, studded jewellery has been gaining ground. Its share within retail sales increased to 10%, with a notable 41.6% year-on-year rise. However, overall same-store sales growth was a bit muted at 8%. This was mainly due to a calendar shift—Gudi Padwa, a festival that had supported Q1 sales in the previous year, fell in the previous quarter this year, affecting comparability.

The company also continued to expand its retail footprint. It launched a new sub-brand, Litestyle, aimed at catering to the growing demand for lightweight, fashion-forward jewellery. Two new stores were added during the quarter—one company-owned and one franchise-operated—bringing the total count to 55.

Looking ahead, P N Gadgil Jewellers plans to push forward with its store expansion, targeting 7 to 9 new store openings in the next quarter. The broader aim for the year is to add between 20 and 25 new outlets, focusing particularly on Maharashtra, Uttar Pradesh, and Madhya Pradesh—regions seen as key to future growth.

P N Gadgil Jewellers reports highest-ever Akshaya Tritiya sales at Rs 139.53 crore in FY25, up 35% YoY

Aman Shukla — Sat, 03 May 2025 06:41:10 +0000

P N Gadgil Jewellers Limited reported record-breaking festive day sales of ₹139.53 crore on Akshaya Tritiya during the financial year 2025-26. This marks a 35% increase compared to ₹103.26 crore recorded on the same occasion last year.

In value terms, the gold segment contributed the most, registering a 34% year-over-year growth. The diamond and silver segments followed, with revenues growing by 23% and 114%, respectively.

From a volume perspective, the gold segment reported a modest growth of 1.46%, increasing from 120.24 kg in FY24-25 to 122 kg in FY25-26. Meanwhile, the diamond segment saw a 31% rise in volume, and silver volume increased by 90%.

Gold prices rose by nearly 31% compared to the previous year, which moderated volume growth in the gold category. Despite the higher pricing environment, gold volumes still showed a year-over-year increase.

P N Gadgil Jewellers shares rise nearly 3% as company expands retail footprint with new store launch in Pune

Aditya Bhagchandani — Mon, 24 Mar 2025 05:24:53 +0000

Shares of P N Gadgil Jewellers Limited (PNGJL) rose nearly 3% on Monday, trading at ₹547.80, up ₹14.40 or 2.70%, following the company’s announcement of a new store opening and the relaunch of its flagship outlet in Pune. The stock had closed at ₹533.40 in the previous session.

According to a regulatory filing dated March 23, 2025, the new showroom has been inaugurated at Narayan Peth, Laxmi Road, one of Pune’s busiest shopping districts. The launch took place around 1:00 PM on Saturday. Alongside this, PNGJL also announced the successful renovation and relaunch of its flagship store on the same commercial strip, marking a major push in its retail growth strategy.

These developments increase PNGJL’s total store count to 53 across India and the United States. The company’s strategic focus on physical expansion, particularly in a key market like Pune, is expected to boost footfall and drive incremental sales in the coming quarters.

Investors reacted positively to the news, as the move signals strong intent toward brand building and regional market dominance. Market observers expect the stock to stay in focus throughout the trading session.

P N Gadgil Jewellers Q3 FY25 results: Net profit soars 49.4% YoY to Rs 86.04 crore, revenue jumps 23.5% to Rs 2,435.75 crore

Matrika Shukla — Wed, 12 Feb 2025 13:18:59 +0000

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.

Stock in Focus: P N Gadgil Jewellers expands with new store in Virar, Maharashtra, reaching 46 stores

Aditya Bhagchandani — Thu, 10 Oct 2024 00:28:20 +0000

P N Gadgil Jewellers Limited (PNGJL) continues its expansion with the opening of a new store in Virar, Maharashtra, bringing its total store count to 46. The new store, located at P.P. Marg in the Palghar district, was officially opened on October 9, 2024.

This expansion may signal positive growth prospects for PNGJL, as the company continues to strengthen its presence in Maharashtra and beyond. With a reputation for quality and trust, P N Gadgil Jewellers has established itself as a leading name in the jewellery industry, and this new store is a step forward in serving a broader customer base.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

P N Gadgil Jewellers opens new store in Pune, expands total store count to 43

Aditya Bhagchandani — Mon, 07 Oct 2024 03:21:08 +0000

P N Gadgil Jewellers Limited (PNG Jewellers) has announced the opening of a new store located at Sinhagad Road, Pune, Maharashtra, on October 6, 2024. With this addition, the total number of PNG Jewellers stores now stands at 43.

This new store opening aligns with the company’s strategy to expand its retail presence across key markets in India. The company continues to cater to a broad customer base with its diverse range of jewellery offerings.

The update was shared as part of the company’s regulatory compliance with the Securities and Exchange Board of India (SEBI) (Listing Obligations and Disclosure Requirements) Regulations, 2015.

PNG Jewellers shares surge 9% as company set to launch 9 new stores

Aman Shukla — Mon, 23 Sep 2024 07:18:49 +0000

PNG Jewellers shares jumped more than 8% as the company announced plans to open nine new stores, launching one each day during Navratri.

Shares of PNG Jewellers opened today at Rs 745.00, reflecting cautious trading among investors. The stock reached a day high of Rs 802.00, driven by positive sentiment earlier in the session, but soon faced pressure, dipping to a low of Rs 727.05.

This volatility highlights the ongoing uncertainty in the market, influenced by economic factors and shifting consumer trends.

As of 12:47 pm, P N Gadgil Jewellers shares were trading 9.10% higher at Rs 797.95 on the NSE.