The company states that the retail segment saw a year-on-year (YoY) revenue growth of around 42 per cent in the third quarter of the current fiscal (Q3FY25)
Driven by a strong increase in same-store sales growth (SSSG), festive demand in the Dussehra, Diwali and wedding season, PNG Jewellers witnessed a consolidated year-on-year (YoY) growth of around 24 per cent in the third quarter of the current financial year (Q3FY25) compared to the same period in Q3 FY24.
Sharing its quarterly update in an exchange filing, the company stated that the retail segment saw a YoY revenue growth of around 42 per cent compared to Q3 FY24. It added that the diamond category achieved revenue growth of around 40 per cent on a YoY basis in Q3FY25 as compared to Q3 FY24.
“The Franchise segment experienced a YoY revenue increase of around 87 per cent, while the ecommerce segment grew by around 98 per cent compared to Q3 FY24,” as per the company’s update on the recently concluded quarter.
As per the statement by the company, this business update represents a summary of consolidated business performance subject to limited review by its Statutory Auditor for Q3 FY25. The unaudited results will be released following the approval of financial statements by the Board of Directors.
The company opened nine new stores over nine consecutive days during the Navratri period in October 2024, in line with its plan to open 12 new stores. Sharing the update, it stated that the company is all set to open three more stores in the upcoming quarter to further enhance its store presence. The brand, headquartered in Pune, operates 48 stores across India and the United States of America (USA). The brand follows a mix of COCO and FOCO model for ensuring consistent quality and wider reach.
