P N Gadgil Jewellers Ltd. Achieves 33% YOY Revenue Growth, Reaching Rs 16,681.82 Million in Q1FY25

With strong festival sales and expanded retail operations P N Gadgil Jewellers’ impressive financial growth in Q1FY25 with a 59% improvement over last financial year.

Pune: P N Gadgil Jewellers Ltd. achieved a consolidated revenue increase of approximately 33% YOY in Q1FY25, reaching Rs 16,681.82 million, driven by consistent sales momentum. PAT climbed to Rs 353.21 million in Q1FY25, a 59% improvement over Q1FY24, underscoring the company’s expanding profitability.

In Q1FY25, total revenue rose to Rs 16,681 million from Rs 12,568 million in Q1FY24, while EBITDA surged by 45% to Rs 662.58 million, up from Rs 456.44 million. Festival sales for Gudi Padwa grew 78%, and Akshaya Tritiya saw a 31% uplift YOY.

Retail revenue increased by 25%, reaching Rs 9,881.62 million, with a Retail EBITDA of Rs 632.69 million—a 47% growth YOY. E-commerce revenue more than doubled, achieving a 120% rise to Rs 292.64 million. Additionally, revenue per store grew by 9%, with branch-wise profitability increasing by 31% YOY.

Dr. Saurabh Gadgil, Chairman and Managing Director of P N Gadgil Jewellers, stated, “Q1FY25 has surpassed expectations, even with fluctuating gold prices. The recent government mandate on compulsory hallmarking enhances transparency in the industry, accelerating growth for organised players.”

About P N Gadgil Jewellers Ltd.
Founded over 192 years ago, PNG Jewellers is one of India’s most respected jewellers, renowned for its commitment to quality and creativity. Under Dr. Saurabh Gadgil’s leadership, the brand continues to expand globally, serving customers worldwide.

Retail Jeweller India News