PN Gadgil Jewellers Reports Record Festive Sales, Demonstrating Strong Growth Momentum

PN Gadgil Jewellers Ltd. has announced an exceptional sales performance for the Dussehra and Navratri festive period, signaling robust consumer demand and strong operational execution. Key Performance Indicators: Record Festive Sales: The company achieved its highest-ever single-day sales of ₹190 crore on Dussehra, marking a significant 64% year-on-year (YoY) increase. Total sales during the nine-day Navratri festival stood at ₹428 crore, a growth of 66% YoY. Broad-Based Revenue Growth: Revenue from gold surged by 64%, demonstrating remarkable resilience and pricing power despite a 50% YoY increase in gold prices. The diamond and silver segments also posted impressive growth of 47% and 133%, respectively. Healthy Volume Uplift: In terms of volume, gold sales grew by 10% YoY to 456 kg. More notably, diamond and silver volumes saw substantial increases of 53% and 64% YoY, indicating expanding customer interest in these categories. Sustained Profitability: This strong festive performance builds upon the company's solid Q1 FY26 results, where net profit increased by 96.3% YoY to ₹69.3 crore, and EBITDA margins expanded by 340 basis points to 6.4%. Outlook & Market Reaction: Management has expressed confidence in carrying this momentum into the key festive quarter, supported by a strategy focused on design innovation and pan-India expansion. The market has responded positively to the strong operational update, with the company's shares closing 3.43% higher at ₹627.95. The sustained growth in sales volume and value, coupled with margin expansion, presents a positive outlook for the company's upcoming quarters.