P N Gadgil Jewellers Ltd. (PNG Jewellers), one of India’s most enduring and trusted jewellery brands, has reported a robust 25.9% year-on-year (YoY) increase in consolidated revenue, reaching Rs.76,934.68 million for the financial year ended 31 March 2025
The company also recorded a 40.7% rise in Profit After Tax (PAT), with EBITDA up 33.2%, signalling strong operational and financial momentum across all business verticals.
The company’s growth was underlined by its highest-ever single-day festive sales, clocking Rs.123.5 crore on Gudi Padwa in Q4 FY25—a 40.4% jump over the same festive period last year.
Retail operations, which accounted for 81.5% of total sales, saw revenue growth of 50.1%, with an EBITDA margin of 7.9% and PAT margin of 4.2%. PNG’s e-commerce segment delivered exceptional performance, witnessing a 243.7% surge in revenue to ?906.8 million. Franchise revenue also rose by 37.2% in Q4 FY25, reaching Rs.1,852.21 million.
Same-store sales growth stood at an impressive 26.5%, demonstrating the continued strength and appeal of existing showrooms.
Transaction Volume: Increased 40.3% YoY, showcasing strong consumer demand despite elevated gold prices.
Average Transaction Value: Rs.77,000, with a significant 37.8% rise in footfall and an impressive 92.3% conversion rate.
Studded Jewellery Segment: Grew by 30.8% YoY, bringing the stud ratio to approximately 8%.
Store Expansion: PNG reached its FY25 goal of 53 stores, including 41 company-owned and 12 franchise locations.
Revenue: Rs.76,934.68 Mn vs Rs.61,120.22 Mn (↑ 25.9%)
EBITDA: Rs.3,709.54 Mn vs Rs.2,785.03 Mn (↑ 33.2%)
PAT: Rs.2,182.68 Mn vs Rs.1,551.49 Mn (↑ 40.7%)
EBITDA Margin: 4.8% (↑ 20 bps)
PAT Margin: 2.8% (↑ 30 bps)
Average Revenue Per Store: Rs.1,451.6 Mn
Net Profit Per Store: Rs.41.18 Mn
“Our Q4 and FY25 performance is a reflection of the deep trust our customers place in PNG Jewellers and our team’s commitment to execution across all channels,” said Dr. Saurabh Gadgil, Chairman and Managing Director. “Despite high gold prices, demand has remained resilient, and our strategic expansion—especially in digital and franchise formats—continues to pay off. With a strong foundation, we are well-positioned to sustain this momentum.”
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