Maharashtra-based PN Gadgil Jewellers reported a stellar 74% year-on-year (YoY) growth in festive season sales, driven largely by soaring gold demand amid rising prices. The jeweller achieved total festive sales of ₹606 crore, with Dhanteras marking an all-time high single-day sale of ₹277 crore — a 105% jump compared to last year.
Gold Leads the Festive Rally
Gold remained the key growth driver, recording a 74% YoY rise in revenue, while silver jewellery sales surged 90% and diamond jewellery grew 54% during the same period.
In terms of volume, PN Gadgil sold 390 kg of gold this Diwali season, reflecting a 60% YoY increase. The diamond and silver segments also expanded robustly, posting 47% and 17% growth, respectively, in sales volume.
Customer-Centric Strategy Pays Off
Commenting on the strong performance, Saurabh Gadgil, Chairman and Managing Director of PN Gadgil Jewellers, said:
“Through the launch of new festive offers, enhanced showroom experiences, and staying true to our core values, we have delighted our customers and achieved robust growth across all categories despite fluctuating gold prices.”
Strong Q2 FY26 Performance
In the second quarter of FY26, PN Gadgil’s core jewellery business (excluding refining) grew 31% YoY to ₹21,733 crore, up from ₹16,571 crore in Q2 FY25.
The jeweller’s e-commerce revenue surged 113% YoY, contributing 6.6% to total quarterly revenue, while the franchise business grew 105% YoY, accounting for 15.6% of total sales.
During the quarter, the company added eight new showrooms — five company-owned and three franchise outlets — taking its total store count to 63 as of September 2025.
Key Highlights:
- Festive sales: ₹606 crore, up 74% YoY
- Dhanteras sales: ₹277 crore, up 105% YoY
- Gold sales volume: 390 kg, up 60% YoY
- E-commerce growth: 113% YoY
- Franchise business: +105% YoY
- Total stores: 63 by Q2 FY26 end
Disclaimer: This article is for informational purposes only and should not be construed as investment advice. Readers are advised to conduct independent research or consult financial professionals before making investment decisions.
