PN Gadgil Jewellers has announced its Diwali festive season sales for the financial year 2026-27, recording ₹689 crore. This represents a substantial 14% year-on-year growth. The company experienced strong traction in its newer regions in Northern and Central India, with studded jewellery contributing 17.2% of total sales. The gold segment saw a 13% revenue increase, while silver grew by 24% and diamonds by 8% year-on-year.
PN Gadgil Jewellers Announces Strong Diwali Sales Performance
PN Gadgil Jewellers Limited has reported its festive season sales figures for Diwali in the financial year 2026-27, announcing a total revenue of ₹689 crore. This performance signifies a robust 14% growth compared to the previous year, indicating a positive trajectory for the company.
Key Growth Drivers and Segment Performance
The company highlighted encouraging sales traction in its newer markets across Northern and Central India during this festive period. Studded jewellery played a significant role, accounting for 17.2% of the overall sales. The overall retail average Stud ratio stood at 12.6%.
Performance was notably driven by the gold segment, which experienced a 13% year-on-year growth in revenue. The silver category also demonstrated strong momentum, registering a significant 24% year-on-year growth. Furthermore, the diamond segment reported a healthy 8% year-on-year growth.
Management Outlook
Dr. Saurabh Gadgil, Chairman and Managing Director of P N Gadgil Jewellers, expressed optimism about the company’s growth journey, attributing the success to customer confidence and brand loyalty. He stated, “This Diwali represents another significant chapter in our growth journey. We sincerely appreciate the continued confidence and affection our customers have shown towards our brand, product quality, craftsmanship and service.”
The company emphasized its strategy of introducing exciting festive offers and enhancing the in-store shopping experience. These initiatives, coupled with a commitment to core values, have helped create greater value for customers and deepen engagement. Dr. Gadgil added, “As we enter the upcoming wedding season, we remain confident about the growth outlook. With consumer sentiment continuing to remain encouraging, we believe we are well-positioned to sustain the positive momentum in the coming months.”
Source: BSE
