P N Gadgil Jewellers Limited - Navratri & Dussehra Sales Update

P N Gadgil Jewellers Limited reported record festive season sales of ₹618 crore during Navratri and Dussehra, reflecting a strong 65% YoY growth over the previous year.

Navratri contributed sales of ₹428 crore up by 66% YoY, while Dussehra alone delivered the company's highest-ever single-day festive sales of ₹190 crore increased by 64% YoY.

The Gold segment remained the key growth driver, with revenue rising 64% YoY, supported by healthy performance in Diamond by 47% and Silver up by 133%.

Despite gold prices surging over 50% YoY and 18% QoQ, demand stayed 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, said: "Crossing record sales during Navratri and Dussehra, with Dussehra delivering our highest-ever singleday festive sales, is a proud milestone for PNG Jewellers. This milestone is the result of the festive spirit and the enduring bond we share with our customers. Gold once again emerged as the leader of growth, with Diamond and Silver also contributing significantly.

In line with the positive response to last Navratri's 'Nine Days, Nine Stores' campaign, we brought PNG Jewellers even closer to our patrons this Navratri through 6 exclusive PNG Jewellers showrooms and 4 LiteStyle shop-in-shop stores, offering greater convenience and choice.

As we step into the festive season, our focus will remain on offering contemporary designs with the craŌsmanship and service that PNG Jewellers is known for, while strengthening our presence across PAN India. We see this as a strong beginning to the festive quarter and are confident of building on this momentum."

Shares of P N Gadgil Jewellers Limited was last trading in BSE at Rs. 628.35 as compared to the previous close of Rs. 607.05. The total number of shares traded during the day was 21942 in over 1700 trades.

The stock hit an intraday high of Rs. 635.40 and intraday low of 609.45. The net turnover during the day was Rs. 13682010.00.

Source : Equity Bulls

Keywords

INE953R01016 PNGadgilJewellers Jewellery Gems PNGJL FestiveSeason SalesUpdate Navratri Dussehra