P N Gadgil Jewellers Achieves ₹251 Crore Revenue on Akshaya Tritiya, Marking 80.3% Growth
P N Gadgil Jewellers clocks revenue of Rs 251 crore on Akshaya Tritiya; gold volume up nearly 13% YoY
Business Standard
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P N Gadgil Jewellers reported a revenue of ₹251 crore on Akshaya Tritiya, an impressive 80.3% increase from last year's ₹140 crore. The gold segment led this growth with a revenue of ₹220 crore, reflecting strong demand and a 12.8% increase in volume year-on-year.
- 01P N Gadgil Jewellers achieved ₹251 crore in revenue on Akshaya Tritiya, an 80.3% increase from last year.
- 02The gold segment contributed ₹220 crore, up 79.6% year-on-year.
- 03Silver and diamond segments also saw significant growth, with revenues of ₹10 crore and ₹21 crore respectively.
- 04The company reported a consolidated net profit increase of 98.64% to ₹170.91 crore for Q3 December 2025.
- 05Strong customer demand and footfall are expected to continue into the wedding season.
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P N Gadgil Jewellers, one of India's oldest jewellery companies, reported a festive revenue of ₹251 crore on Akshaya Tritiya, marking an impressive 80.3% increase from last year’s ₹140 crore. The gold segment was the primary driver, generating ₹220 crore in revenue, reflecting a 79.6% year-on-year growth, while the silver and diamond segments reported revenues of ₹10 crore (up 98% YoY) and ₹21 crore (up 79.9% YoY) respectively. The company also noted a 12.8% growth in gold volume during this period. Dr. Saurabh Gadgil, chairman and managing director, emphasized the robust demand environment and the brand's strong customer trust. On a consolidated basis, the company’s net profit surged 98.64% to ₹170.91 crore, with net sales increasing 35.59% to ₹3302.61 crore for Q3 December 2025 compared to the same period in 2024. The stock price increased by 0.36% to ₹669.85 on the Bombay Stock Exchange.
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The significant revenue growth indicates a strong demand for gold and jewellery during festive seasons, which could lead to increased employment and economic activity in the jewellery sector.
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