The growth was supported by strong volume growth, healthy footfall and strong traction across key product categories
PN Gadgil Jewellers recorded festive revenue of Rs 251 crore on Akshaya Tritiya, reflecting a growth of 80.3 per cent over the previous year’s revenue of Rs 140 crore. This marked the company’s second-highest single-day revenue performance to date.
The growth was supported by strong volume growth, healthy footfall and strong traction across key product categories, the company said in an exchange filing. The gold segment reported revenue growth of 79.6 per cent year-over-year and posted Rs 220 crore in revenue. On the other hand, Silver clocked 98 per cent year-on-year growth to reach the revenue of Rs 10 crore.
The company noted that diamond segments grew by 79.9 per cent and reported revenue of Rs 21 crore. Along with its western markets, the company added that it is particulary encouraged by the performance in Bihar, Uttar Pradesh and Indore
“We are pleased with the strong operational performance delivered on Akshaya Tritiya, with total revenue recorded at Rs 251 crore. The demand environment remained robust, reflecting the enduring cultural significance of the occasion and the trust our customers place in the PNG brand,” stated Saurabh Gadgil, Chairman and Managing Director, PN Gadgil Jewellers.
Broader Business Performance
The company delivered a healthy performance in FY26, reporting revenue of Rs 10,744 crore, up 40 per cent YoY. This strong performance was driven in part by a healthy Q4, where total revenue increased by 124 per cent YoY. The Retail segment recorded 102 per cent YoY growth in Q4FY26, driven by strong demand during the wedding and festive season.
Foundation Day sales during the period amounted to Rs 365 crore, with healthy contribution across all categories. This was followed by a robust festive performance during Gudi Padwa, with sales reaching Rs 171 crore, reflecting a 38 per cent YoY growth. Subsequently, Gratitude Day sales to celebrate the milestone of reaching Rs 10,000 crore, stood strong at Rs 225 crore.
