P N Gadgil Jewellers Records ₹251 Crore Revenue on Akshaya Tritiya, Marks 80.3% YoY Growth
P N Gadgil Jewellers Limited recorded festive revenue of ₹251 crore on Akshaya Tritiya, marking an 80.3% growth compared to the previous year. This performance sets a new benchmark for the company, representing its second highest single-day revenue performance.The robust revenue growth was supported by strong volume increases, healthy footfall, and sustained traction across major product segments.
Segment-Wise Performance Analysis
The company's sales data for Akshaya Tritiya, compared with the prior year, shows significant performance across various categories.| Particulars (₹ Cr) | Apr-26 Revenue | Apr-25 Revenue | Revenue Growth (%) |
|---|---|---|---|
| Gold | 220 | 123 | 79.6% |
| Silver | 10 | 5 | 98.0% |
| Diamond & Other | 21 | 12 | 79.9% |
| Total | 251 | 140 | 80.3% |
The Gold segment was the primary contributor, reporting a year-over-year revenue growth of 79.6%. Furthermore, the silver and diamond segments displayed strong increases, growing by 98.0% and 79.9% respectively, demonstrating healthy product diversification. During the festive period, the gold segment also posted a 12.8% year-on-year volume growth.
Management Commentary
Dr. Saurabh Gadgil, Chairman and Managing Director, highlighted the strong operational performance, stating that the demand environment remained robust. He attributed the success to the enduring cultural significance of Akshaya Tritiya and the trust placed in the PNG brand.Gadgil noted that Gold remained the key driver, recording 79.6% YoY revenue growth, while silver and diamond segments grew by 98.0% and 79.9% YoY revenue. The sustained volume growth was identified as an encouraging indicator of strong footfall conversion and customer acquisition.
He also pointed out that while Akshaya Tritiya is an auspicious day for gold purchases, the company was particularly encouraged by the strong performance observed in Bihar, Uttar Pradesh, and Indore, in addition to its western markets.
Looking ahead, the company stated that it has started the quarter on a strong footing and is well positioned as the ongoing wedding season is expected to be a meaningful demand driver in the coming months. The strategic priorities remain focused on expanding retail presence, enhancing the in-store and digital customer experience, and driving consistent revenue growth.
PNGJL Stock Price Movement
As of 1:23 PM, shares of P N Gadgil Jewellers Limited are edging higher to ₹668.5, gaining 0.13% in live trading with an absolute increase of ₹0.85. The stock is currently showing brisk activity, trading 116,366 shares and holding strong above its intraday low of ₹658.55.Source:
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