The growth was primarily driven by a significant rise in same-store sales, fueled by festive demand during Dussehra, Diwali, and the wedding season.

Key Highlights of Q3 FY2025:

- Retail Segment: The retail segment saw a notable YoY revenue growth of 42% compared to Q3 FY24, driven by a surge in customer demand during key festive periods.
  
- Franchise Segment: The franchise segment posted an impressive YoY revenue increase of 87%, reflecting strong expansion and consumer demand at franchise outlets.

- E-commerce Segment: The e-commerce business saw an exceptional YoY growth of 98%, indicating a continued shift toward online shopping in the jewellery sector.

- Diamond Category: The diamond category delivered a stellar revenue growth of 40% on a YoY basis, marking a strong performance in this high-demand segment.

Additionally, PNG Jewellers has made significant strides in its expansion plans. As part of its ongoing strategy to increase its market footprint, the company opened 9 new stores during the Navratri festival in October 2024. This store launch spree marks a key milestone in PNG Jewellers’ plan to open 12 new stores during the fiscal year. Looking ahead, the company is set to open 3 more stores in the upcoming quarter, further strengthening its retail presence across key markets.

These results reflect PNG Jewellers’ continued focus on expanding its product offerings and reaching more customers through multiple channels, including retail, franchise, and online platforms. The strong performance in Q3 FY2025 positions the company for further growth in the coming quarters as it continues to capitalize on consumer demand and expand its footprint.