Latest news with #Litestyle
Fashion Network
3 hours ago
- Business
- Fashion Network
India's PNG Jewellers launches lightweight jewellery brand as gold prices surge
India's P N Gadgil Jewellers on Tuesday launched Litestyle, a new sub-brand for lightweight and lower-carat jewellery, as record gold prices push consumers towards more budget-friendly options. Gold prices have jumped sharply in the past few months, but consumers' budgets haven't risen in the same proportion, leading them to look for budget-friendly options, Saurabh Gadgil, chairman of the Pune-based company, told Reuters. The lightweight jewellery segment is growing rapidly at around 30% per annum, and the company will launch 12 Litestyle stores this year to tap into this segment, Gadgil said. Local gold prices, which hit a record high of 101,078 rupees per 10 grams on Monday, have risen 29% so far in 2025, after rising 21% in 2024. Consumers are slowly adjusting to higher prices, Gadgil said, forecasting a 30% to 35% year-on-year jump in revenue in the fiscal year ending March 2026. Investment demand for gold and silver has been rising as both metals are yielding better returns than other asset classes, he added.
Time of India
10 hours ago
- Business
- Time of India
India's PNG Jewellers launches lightweight jewellery brand 'Lifestyle' as gold prices surge
ndia's P N Gadgil Jewellers on Tuesday launched Litestyle , a new sub-brand for lightweight and lower-carat jewellery, as record gold prices push consumers towards more budget-friendly options. Gold prices have jumped sharply in the past few months, but consumers' budgets haven't risen in the same proportion, leading them to look for budget-friendly options, Saurabh Gadgil, chairman of the Pune-based company, told Reuters. The lightweight jewellery segment is growing rapidly at around 30% per annum, and the company will launch 12 Litestyle stores this year to tap into this segment, Gadgil said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Reduza custos logísticos Sistema TMS embarcador Saiba Mais Undo Local gold prices, which hit a record high of 101,078 rupees per 10 grams on Monday, have risen 29% so far in 2025, after rising 21% in 2024. Consumers are slowly adjusting to higher prices, Gadgil said, forecasting a 30% to 35% year-on-year jump in revenue in the fiscal year ending March 2026. Live Events Investment demand for gold and silver has been rising as both metals are yielding better returns than other asset classes, he added.
Reuters
10 hours ago
- Business
- Reuters
India's PNG Jewellers launches lightweight jewellery brand as gold prices surge
MUMBAI, June 17 (Reuters) - India's P N Gadgil Jewellers ( opens new tab on Tuesday launched Litestyle, a new sub-brand for lightweight and lower-carat jewellery, as record gold prices push consumers towards more budget-friendly options. Gold prices have jumped sharply in the past few months, but consumers' budgets haven't risen in the same proportion, leading them to look for budget-friendly options, Saurabh Gadgil, chairman of the Pune-based company, told Reuters. The lightweight jewellery segment is growing rapidly at around 30% per annum, and the company will launch 12 Litestyle stores this year to tap into this segment, Gadgil said. Local gold prices , which hit a record high of 101,078 rupees per 10 grams on Monday, have risen 29% so far in 2025, after rising 21% in 2024. Consumers are slowly adjusting to higher prices, Gadgil said, forecasting a 30% to 35% year-on-year jump in revenue in the fiscal year ending March 2026. Investment demand for gold and silver has been rising as both metals are yielding better returns than other asset classes, he added.
Yahoo
10 hours ago
- Business
- Yahoo
India's PNG Jewellers launches lightweight jewellery brand as gold prices surge
MUMBAI (Reuters) -India's P N Gadgil Jewellers on Tuesday launched Litestyle, a new sub-brand for lightweight and lower-carat jewellery, as record gold prices push consumers towards more budget-friendly options. Gold prices have jumped sharply in the past few months, but consumers' budgets haven't risen in the same proportion, leading them to look for budget-friendly options, Saurabh Gadgil, chairman of the Pune-based company, told Reuters. The lightweight jewellery segment is growing rapidly at around 30% per annum, and the company will launch 12 Litestyle stores this year to tap into this segment, Gadgil said. Local gold prices, which hit a record high of 101,078 rupees per 10 grams on Monday, have risen 29% so far in 2025, after rising 21% in 2024. Consumers are slowly adjusting to higher prices, Gadgil said, forecasting a 30% to 35% year-on-year jump in revenue in the fiscal year ending March 2026. Investment demand for gold and silver has been rising as both metals are yielding better returns than other asset classes, he added.
Business Upturn
12 hours ago
- Business
- Business Upturn
PNG Jewellers enters high-growth lightweight jewellery market with ‘Litestyle' launch
By Aman Shukla Published on June 17, 2025, 11:08 IST PNG Jewellers, a name synonymous with trust and tradition for over 192 years, has unveiled its contemporary sub-brand Litestyle by PNG in Pune. This bold move marks the heritage brand's evolution into a future-ready, design-forward space tailored to the lifestyle of modern Indian women. Crafted in 18K and 22K gold, Litestyle is curated for women aged 25–40 who seek everyday jewellery that combines elegance, practicality, and personal style. From office meetings to festive brunches, Litestyle offers minimalist fine jewellery that transitions effortlessly across occasions. The brand is set to launch its first two exclusive stores at Kharadi and Wakad in Pune on 22 June 2025, with renowned actress Sai Tamhankar inaugurating the stores. India's lightweight jewellery market is on a growth trajectory, fueled by rising gold prices, changing consumer preferences, and the increasing role of women as key jewellery buyers. Litestyle by PNG aims to tap into this shift with jewellery that is affordable, authentic, and digitally accessible. Litestyle's ambitious roadmap includes 12 stores across Maharashtra in FY 2025–26, with a mix of company-owned and franchise models. Looking ahead, the brand plans to scale up to 100 stores across India by 2030. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
