Latest news with #PNGadgilJewellers
Business Standard
7 hours ago
- Business
- Business Standard
P N Gadgil Jewellers jumps over 9% in three days
P N Gadgil Jewellers climbed 4.64% to Rs 601.55 today, marking its third consecutive session of gains. The stock has risen 9.24% in three consecutive sessions. Despite the recent momentum, it is still down a little over 18% in the past six months. The jewellery retailer made its market debut on 17 September 2024, listing at Rs 834, a strong 73.75% premium over its issue price of Rs 480. The companys IPO drew robust investor interest, with a subscription of 59.41 times. The offer was open from 10 to 12 September 2024, with a price band set between Rs 456 and Rs 480 per share. Incorporated in 1832, PNG Jewellers offers a wide range of gold, silver, platinum, and diamond jewellery collections. The company operates 53 retail stores, including 52 in Maharashtra and Goa, and one in the U.S., with a total retail area of 1,65,260 sq. ft. The stores include 41 company-owned and 12 franchisee-owned outlets under the FOCO (Franchise Owned, Company Operated) model. On a consolidated basis, net profit of P N Gadgil Jewellers rose 12.85% to Rs 61.99 crore while net sales rose 5.04% to Rs 1588.22 crore in Q4 March 2025 over Q4 March 2024.
Fashion Network
22-05-2025
- Business
- Fashion Network
P N Gadgil Jewellers Q4 net profit rises 13 percent to Rs 62 crore
P N Gadgil Jewellers reported a 13 percent increase in net profit to Rs 62 crore ($7.3 million) for the fourth quarter ended March 31, as against Rs 55 crore in the year-ago quarter. The company's revenue for the quarter rose by 5 percent to Rs 1,588 crore, as against Rs 1,512 crore in the corresponding quarter of the previous fiscal year. For the full financial year, the company reported a net profit of Rs 218 crore on a revenue of Rs 7,693 crore. Commenting on the results, Dr Saurabh Gadgil, chairman managing director of P N Gadgil Jewellers Ltd in a statement said, 'Our Q4 and full-year FY25 performance reflects the strength of our brand, the trust of our customers, and our relentless focus on execution across formats. We have delivered strong growth across all key segments: retail, e-commerce, and franchise driven by our differentiated customer experience, focused expansion, and digital-first approach.' 'We successfully achieved our target store count of 53 by the end of FY25, reinforcing our commitment to strategic growth and deeper market penetration. Despite elevated gold prices during the quarter, we witnessed resilient consumer sentiment and robust demand, underscoring the strength of our brand proposition,' he added. P N Gadgil Jewellers operates 53 retail stores, including 52 in Maharashtra and Goa, and one in the USA.
Mint
05-05-2025
- Business
- Mint
This jewellery stock rallies over 7% as Akshaya Tritiya gold sales hit 122 kg. Is it in your portfolio?
P N Gadgil Jewellers share price today: P N Gadgil Jewellers share price soared 7.2% in intraday trade on Monday, May 5, reaching ₹ 536 apiece after the company reported its highest-ever festive sales on the auspicious occasion of Akshaya Tritiya. Indian households continued to accumulate jewellery during Akshaya Tritiya despite the unprecedented rise in the yellow metal in 2025, which pushed gold prices past ₹ 1 lakh per 10 grams of 24-karat gold. The company, in an exchange filing on Saturday, informed investors that it recorded its highest-ever single-day festive sales of ₹ 139.53 crore on Akshaya Tritiya, reflecting a growth of approximately 35% over the previous year's revenue of ₹ 103.26 crore. In value terms, the gold segment revenue grew by 34% year-over-year, while diamond and silver revenues rose by 23% and 114%, respectively. From a volume perspective, the company said its gold sales jumped by 1.46%, reaching 122 kg compared to 120.24 kg in the previous year. Diamond and silver volumes surged by 31% and 90%, respectively. Gold prices increased by nearly 31%, which led to a moderation in volume growth. However, overall volume remains higher than the same period last year. According to the Confederation of All India Traders (CAIT), overall gold and silver sales during Akshaya Tritiya 2025 stood at ₹ 16,000 crore, with gold jewellery-related items alone contributing around ₹ 12,000 crore. Gold holds a central place in Indian culture—as a store of value, a symbol of wealth and status, and a key component in religious and social rituals. In the international market, gold prices crossed $3,500 per troy ounce for the first time in April and have gained nearly $700 in under four months of 2025. In the Delhi retail market, prices hit a historic high of ₹ 1 lakh per 10 grams on April 22. The stellar rally in gold prices was largely driven by continuous buying from global central banks, as they sought to shift their forex reserves away from the US dollar. Retail buying and strong investment demand also contributed to gold's biggest record-breaking rally in recent history. Prices have corrected slightly in recent sessions due to easing global trade tensions, as China and the U.S. are currently engaged in trade negotiations. P N Gadgil Jewellers' share price debuted on Dalal Street in September 2024, listing at ₹ 830 apiece compared to the IPO price of ₹ 480. However, the stock couldn't maintain its stellar run in the following months, impacted by a sharp correction in the broader market. At current levels, the stock is trading 9.4% above its IPO price but is down 36.6% from its all-time high of ₹ 829, reached in December. In the December quarter (Q3FY25), P N Gadgil Jewellers reported a 23.5% year-on-year (YoY) jump in consolidated revenue to ₹ 2,407 crore. Its EBITDA improved by 37.2% YoY to ₹ 120 crore, while margins expanded by 50 basis points to 5.3%. On the bottom line, net profit surged by 49.4% to ₹ 85 crore. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions. First Published: 5 May 2025, 12:34 PM IST
Business Upturn
05-05-2025
- Business
- Business Upturn
PN Gadgil Jewellers shares rally 5% after record Rs 139.53 crore Akshaya Tritiya sales in FY25
By Aman Shukla Published on May 5, 2025, 09:57 IST Shares of PN Gadgil Jewellers surged 5% after the company reported record-breaking festive sales of ₹139.53 crore on Akshaya Tritiya for the financial year 2025-26, marking a 35% increase from ₹103.26 crore in the previous year. The gold segment led in value, contributing significantly with a 34% year-on-year growth, followed by diamonds at 23% and silver at a remarkable 114%. Despite soaring gold prices—up nearly 31% year-over-year—the company saw a modest 1.46% rise in gold volume, from 120.24 kg in FY24-25 to 122 kg in FY25-26. The diamond segment saw a 31% rise in volume, reflecting strong demand. Silver posted the highest growth in both value and volume, jumping 90% in volume, highlighting a shift in consumer buying patterns toward more affordable precious metals. PN Gadgil Jewellers opened at ₹516 today, reaching a high of ₹536 and dipping to a low of ₹506. The stock has shown significant movement, with a 52-week high of ₹848 and a low of ₹473.80. As of 9:57 AM, the shares were trading 5.19% higher at Rs 526.75. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. 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
Business Standard
03-05-2025
- Business
- Business Standard
P N Gadgil Jewellers records highest-ever single day festive sale of on Akshaya Tritiya
P N Gadgil Jewellers recorded its highest-ever single day festive sales of Rs 139.53 crore on the occasion of Akshaya Tritiya, reflecting a growth of approximately 35% over the previous year's revenue of Rs 103.26 crore. In Value terms, gold segment revenue grew by 34% year-over-year, while the Diamond & Silver grew by 23% and 114% respectively. From the volume perspective , the gold segment saw a 1.46% increase in quan ty, reaching 122 kg compared to 120.24 kg in the previous year, while diamond and silver volumes surged by 31% and 90%, respectively. Gold prices increased by nearly 31%, which led to a moderation in volume growth; however, overall volume remain higher than the same period last year.
