P N Gadgil Jewellers Limited - Diwali Sales Update

P N Gadgil Jewellers Limited Recorded festive season sales of ₹ 606 crore during Diwali, registering a robust 74% growth as compared to the previous year.

Dhanteras contributed ₹ 277 crore, marking the company's highest-ever single-day festive sales, registering an exceptional 105% growth as compared to the previous year.

Growth was primarily driven by the gold segment, which delivered a 74% year-on-year rise in revenue, supported by strong demand in the diamond and silver categories, which grew by 54% and 90%, respectively.

Gold volumes expanded by 10% to 390 kg, despite gold prices increasing by approximately 60% YoY, while Diamond and Silver volumes also recorded healthy growth of 47% and 17%, respectively.

Dr. Saurabh Gadgil, Chairman and Managing Director of P N Gadgil Jewellers, said: "This Diwali marks yet another milestone in our journey. We are truly grateful for the continued trust and love our customers place in our brand, craftsmanship, and service.

Through the launch of new festive offers, enhanced showroom experiences, and staying true to our core values, we have been able to delight our customers, drive robust growth across all categories, and strengthen our connection with them, despite fluctuating gold prices.

Looking ahead to the wedding season, we remain highly optimistic. With customer sentiment remaining positive, we are well-positioned to continue this strong momentum".

Shares of P N Gadgil Jewellers Limited was last trading in BSE at Rs. 671.25 as compared to the previous close of Rs. 657.80. The total number of shares traded during the day was 38828 in over 1944 trades.

The stock hit an intraday high of Rs. 675.00 and intraday low of 655.00. The net turnover during the day was Rs. 25793998.00.

Source : Equity Bulls

Keywords

INE953R01016 PNGadgilJewellers Jewellery Gems PNGJL FestiveSeason Diwali SalesUpdate