The company says that the gold segment remained the primary value driver, with revenues rising by 35 per cent year-on-year
Reflecting healthy underlying business momentum, P N Gadgil Jewellers has surpassed the Rs 10,000 crore revenue milestone in the current financial year. Further, on the occasion of Gudi Padwa, the company recorded festive sales of Rs 170.7 crore, registering a year-on-year growth of 38 per cent compared to the corresponding period last year.
In an exchange filing, the company noted that the gold segment remained the primary value driver, with revenues rising by 35 per cent YoY, while the diamond and silver segments delivered strong growth of 61 per cent and 118 per cent YoY, respectively.
“Surpassing the Rs 10,000 crore revenue milestone marks a defining moment in our journey-one that we have long aspired to achieve. Gudi Padwa continues to be a key occasion for us, and this year witnessed strong customer traction across our markets despite elevated gold prices, resulting in revenue of Rs 170.7 crore,” stated Saurabh Gadgil, Chairman and Managing Director, P N Gadgil Jewellers.
Encouraged by this momentum, the company remains optimistic about sustaining this performance. With the ongoing wedding season, continued expansion into new markets and a sustained focus on offering compelling designs and value, the company said that it is well positioned to close the financial year on a strong note.
