P N Gadgil Jewellers Reports Record ₹618 Crore Festive Sales for Navratri and Dussehra with 65% YoY Growth
P N Gadgil Jewellers recorded record festive sales of ₹618 crore for Navratri and Dussehra in FY26, a 65% YoY growth. Gold, Diamond, and Silver segments performed strongly, driving positive management outlook for the festive quarter.
The announcement details significant sales growth during a key festive period, indicating strong consumer demand and positive financial performance, which is a major driver for revenue and profitability and reflects positively on market perception.
The company reported record festive sales with substantial year-on-year growth across all segments, particularly Gold, Diamond, and Silver, despite high gold prices. Management expressed strong confidence in continued momentum and future performance.
P N Gadgil Jewellers Limited has reported record festive season sales of ₹618 crore during Navratri and Dussehra for the financial year 2025-26, reflecting a strong 65% Year-on-Year (YoY) growth over the previous year.
Key highlights include: * Navratri contributed sales of ₹428 crore, up by 66% YoY. * Dussehra alone delivered the company's highest-ever single-day festive sales of ₹190 crore, an increase of 64% YoY. * The Gold segment remained the key growth driver, with revenue rising 64% YoY. * Diamond sales increased by 47% and Silver sales by 133%. * Despite gold prices surging over 50% YoY and 18% Quarter-on-Quarter (QoQ), demand remained strong. * Gold volume increased by 10% to 456 kg, while Diamond and Silver volumes grew by 53% and 64%, respectively.
Dr. Saurabh Gadgil, Chairman and Managing Director of P N Gadgil Jewellers, stated that crossing record sales during Navratri and Dussehra, with Dussehra delivering the highest-ever single-day festive sales, is a proud milestone. He attributed this success to the festive spirit and the enduring bond with customers. Gold emerged as the leader of growth, with significant contributions from Diamond and Silver.
He also highlighted the positive response to last Navratri's 'Nine Days, Nine Stores' campaign, which led to the expansion of PNG Jewellers to 6 exclusive showrooms and 4 LiteStyle shop-in-shop stores this Navratri, offering greater convenience and choice. Dr. Gadgil expressed confidence in building on this momentum as the company focuses on offering contemporary designs, craftsmanship, and service, while strengthening its PAN India presence, seeing this as a strong beginning to the festive quarter.
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