PNG Jewellers | Business Upturn

PNG Jewellers launches new store in Varanasi, marking its 76th outlet

Yash Agarwal — Fri, 27 Mar 2026 14:02:30 +0000

PNG Jewellers, a prominent name in the Indian jewellery industry, has expanded its retail footprint with the inauguration of a new store in Varanasi. This marks the 76th store for the brand, further solidifying its presence in Central India.

The new store, strategically located on Sigra Chauraha Road, spans 6000 square feet and was inaugurated by renowned actress and brand ambassador Madhuri Dixit. The launch event attracted a large gathering of customers and jewellery enthusiasts, eager to explore the brand’s extensive collection.

PNG Jewellers’ Varanasi store offers a wide range of gold, diamond, and bridal jewellery, tailored to meet the cultural and traditional preferences of the region. The store features popular collections such as Saptam, Katha, Pratha, Eiina, and Polmi, catering to weddings, festive occasions, and everyday elegance.

Varanasi, a city steeped in spiritual and cultural heritage, is known for its devotion to Lord Shiva and grand festivals like Dev Deepawali. Jewellery holds significant cultural and emotional value in the city, especially during weddings and religious events. PNG Jewellers aims to connect with these sentiments by offering designs that resonate with local preferences.

To celebrate the store’s opening, PNG Jewellers introduced exclusive inaugural offers, including a flat 50% discount on gold jewellery making charges and a flat 100% discount on diamond jewellery making charges. These offers were well-received, resulting in strong customer footfall.

Dr. Saurabh Gadgil, Chairman and Managing Director of PNG Jewellers, expressed his enthusiasm about the expansion, stating, “The launch of our Varanasi store is an important step in our journey of expanding across culturally rich markets in India. Varanasi holds deep traditional significance, and we are delighted to bring our legacy of trust and craftsmanship to this city. The overwhelming response from customers reaffirms our belief in the region’s potential and strengthens our commitment to serving them with excellence.”

Madhuri Dixit added, “It is truly special to be part of PNG Jewellers’ expansion into a city as culturally vibrant as Varanasi. The brand’s legacy of trust and beautiful craftsmanship resonates strongly with customers, and it is wonderful to see such an enthusiastic response at the launch. I wish the team continued success as they reach new milestones across the country.”

With this launch, PNG Jewellers continues to build on its nearly two-century-old legacy, bringing its hallmark of purity, design excellence, and customer trust to newer markets while enhancing the overall jewellery retail experience.

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

PNG Jewellers Q2 FY26 Update: Revenue (ex-refinery) up 31%; H1 sales surge 110% YoY

Aditya Bhagchandani — Wed, 08 Oct 2025 06:12:16 +0000

P N Gadgil Jewellers Ltd (PNGJL) reported a strong festive-led quarter, with Q2 FY26 revenue from continuing operations (ex-refinery) rising 31% YoY to ₹2,173 crore, while H1 FY26 sales jumped 110% YoY to ₹2,210 crore. Growth was broad-based, led by the Retail and Solar/E-commerce/Franchise push, and aided by new store openings ahead of Ganesh Utsav, Janmashtami, Raksha Bandhan and Navratri.

Key takeaways

Mix & channels: Retail contributed 72.2% of Q2 revenue; E-commerce up 113% YoY (6.6% mix); Franchise up 105% YoY (15.6% mix).
Category trends: Gold value +24% (volume +15%); Silver value +92% (volume +59%); Diamond volumes +31% QoQ (stud ratio 9%). SSSG +29% QoQ.
Network expansion: 8 new showrooms in Q2 (5 COCO, 3 FOCO) including a Mumbai Dadar flagship and first entries into Indore, Kanpur, Lucknow; 63 stores as of Sept 30, 2025. Plan for 13–15 openings in H2, targeting 76–78 stores by FY26-end.
Refinery exit effect: Refinery contributed ₹343.5 crore in Q2 FY25 and is now discontinued (since Oct 1, 2024). Reported Q2 revenue is therefore ₹2,173 crore vs ₹2,000 crore (Q2 FY25), with the ex-refinery base up 31% YoY.
Order pipeline & ops: Order pipeline ₹825 crore (to be executed over 12 months). POC completed for “Pulse Box” low-tension distribution system to curb theft and losses.

Outlook

Management continues to prioritize store rollout in Maharashtra/Goa (core strongholds) and expansion in MP, UP, Bihar, while scaling e-commerce and franchise. The company expects festive momentum and network growth to underpin volume-led gains through H2.

Note: Figures are provisional and subject to limited review, as disclosed in the company’s Q2 FY26 update filing.

PNG Jewellers launches flagship-level store in Dadar, Mumbai

Aman Shukla — Tue, 30 Sep 2025 04:21:49 +0000

PNG Jewellers has unveiled its newest store in Dadar, one of Mumbai’s most iconic and culturally vibrant neighbourhoods. Designed to rival the brand’s legendary Laxmi Road store in Pune, the Dadar outlet is set to become a flagship destination for jewellery lovers, blending heritage, trust, and innovation.

Located on Ranade Road, the store spans a spacious layout and showcases PNG’s complete collection of gold, diamond, silver, and platinum jewellery. Shoppers can explore popular bridal collections like Pratha, Golden Katha, Eiina, and Saptam, alongside modern lightweight designs tailored for today’s urban customer.

To celebrate the festive launch, PNG Jewellers is offering exciting limited-time benefits for visitors: up to 50% off on gold jewellery making charges, 100% off on diamond jewellery making charges, and 0% deduction on old gold exchange.*

Dadar, known as Mumbai’s cultural heartbeat, is a lively hub for traditions, festivals, theatre, and Maharashtrian heritage. PNG Jewellers’ arrival here is more than just an expansion—it’s a reaffirmation of the brand’s commitment to artistry, culture, and community values.

PNG Jewellers launches LiteStyle shop-in-shop in Nashik, offering contemporary jewellery for women

Aman Shukla — Fri, 26 Sep 2025 07:21:18 +0000

PNG Jewellers has expanded its retail presence with the launch of the LiteStyle shop-in-shop in Nashik, marking a significant milestone in the brand’s growing network. Located within the existing PNG Jewellers store, the LiteStyle counter caters to women seeking contemporary jewellery that combines elegance with everyday wearability.

Designed for the modern woman, LiteStyle offers lightweight gold and diamond jewellery that effortlessly transitions from office hours to evening gatherings. Each piece reflects PNG’s trusted craftsmanship while embracing a youthful, stylish aesthetic.

Actress Bhagyashri Limaye, who inaugurated the counter, said, “Jewellery is no longer limited to weddings and festivals. LiteStyle jewellery is about expressing individuality with elegance every day. I’m confident women in Nashik will love these designs, which add quiet sophistication to daily life.”

To celebrate the launch, customers can enjoy up to 50% off on LiteStyle jewellery making charges, making it the perfect time to explore this new contemporary jewellery collection in Nashik.

PNG Jewellers expands with 6 new showrooms and 4 liteStyle counters

Aman Shukla — Mon, 22 Sep 2025 03:20:09 +0000

PNG Jewellers, India’s iconic 193-year-old jewellery brand renowned for its purity and craftsmanship, is set to celebrate Navratri 2025 with a significant expansion. The brand will launch six standalone showrooms and four LiteStyle shop-in-shop counters in existing PNG stores, strengthening its presence across Maharashtra and Central India.

The new stores will open in major cities including Mumbai, Pune, Kolhapur, Lucknow, Kanpur, and Nagpur. This expansion marks one of the largest and fastest growth initiatives in PNG Jewellers’ long and celebrated history. By blending heritage with contemporary designs, the brand continues to reach new markets and connect with a wider audience of jewellery enthusiasts.

To commemorate this festive launch, PNG Jewellers is offering up to 50% off on gold jewellery making charges and up to 100% off on diamond jewellery making charges at the newly opened showrooms. Customers visiting the LiteStyle shop-in-shop counters can enjoy up to 50% off on LiteStyle jewellery making charges. These exclusive offers make Navratri the perfect time for customers to explore PNG Jewellers’ exquisite collections and enjoy significant savings.

PNG Jewellers enters high-growth lightweight jewellery market with ‘Litestyle’ launch

Aman Shukla — Tue, 17 Jun 2025 05:38:46 +0000

PNG Jewellers, a name synonymous with trust and tradition for over 192 years, has unveiled its contemporary sub-brand Litestyle by PNG in Pune. This bold move marks the heritage brand’s evolution into a future-ready, design-forward space tailored to the lifestyle of modern Indian women.

Crafted in 18K and 22K gold, Litestyle is curated for women aged 25–40 who seek everyday jewellery that combines elegance, practicality, and personal style. From office meetings to festive brunches, Litestyle offers minimalist fine jewellery that transitions effortlessly across occasions.

The brand is set to launch its first two exclusive stores at Kharadi and Wakad in Pune on 22 June 2025, with renowned actress Sai Tamhankar inaugurating the stores.

India’s lightweight jewellery market is on a growth trajectory, fueled by rising gold prices, changing consumer preferences, and the increasing role of women as key jewellery buyers. Litestyle by PNG aims to tap into this shift with jewellery that is affordable, authentic, and digitally accessible.

Litestyle’s ambitious roadmap includes 12 stores across Maharashtra in FY 2025–26, with a mix of company-owned and franchise models. Looking ahead, the brand plans to scale up to 100 stores across India by 2030.

PNG Jewellers Q3 Business Update: Consolidated revenue grows 24% YoY

Aman Shukla — Wed, 08 Jan 2025 11:41:39 +0000

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.

PNG Jewellers Share Price | Stock makes strong debut today, shares list at 73% premium

News Desk — Tue, 17 Sep 2024 04:30:19 +0000

PN Gadgil Jewellers Ltd (PNG Jewellers) has made an impressive debut, with its shares listing at ₹834.00 on the BSE and ₹830.00 on the NSE, significantly above the issue price of ₹480.00 per share. This sharp increase has delivered substantial profits for investors.

Key Details:

Issue Price: ₹480.00
Retail Lot Size: 31 shares
Listing Price (BSE): ₹834.00
Listing Price (NSE): ₹830.00

Profit per Lot:

BSE: ₹10,974
NSE: ₹10,850

This strong market debut reflects high investor confidence and demand, positioning PN Gadgil Jewellers Ltd as a standout in the IPO market.