Jewellers were expecting good sales during Gudi Padwa as gold prices have fallen to Rs 45,000 per 10 gm from a Rs 51, 000 per 10 gm in the beginning of the year, a drop of almost 12 per cent.
Jewellers were expecting good sales during Gudi Padwa as gold prices have fallen to Rs 45,000 per 10 gm from a Rs 51, 000 per 10 gm in the beginning of the year, a drop of almost 12 per cent.

P N Gadgil Jewellers Limited (PNG Jewellers) has crossed the ₹10,000 crore revenue milestone in FY2025-26, marking a significant achievement for the Pune-based jewellery retailer amid elevated gold prices.

The company said it recorded festive sales of ₹170.7 crore during Gudi Padwa, registering a 38% year-on-year (YoY) growth compared to the same period last year, highlighting resilient consumer demand during the key buying season.

Segment-wise, gold remained the primary value driver with revenues rising 35% YoY. The diamond and silver categories outperformed, posting growth of 61% and 118% YoY, respectively.


Also Read: Right policies can help bring idle household gold into the market

Chairman and Managing Director Saurabh Gadgil said the ₹10,000 crore milestone reflects strong customer trust and employee commitment. He added that Gudi Padwa continues to be a crucial sales period for the company, with strong customer traction across markets despite high gold prices.

The company said it remains optimistic about sustaining momentum, supported by the ongoing wedding season, expansion into new markets, and a continued focus on design offerings and value.

Also Read: Gold falls 5%, silver dips 12% in a week amid strong dollar, inflation concerns

The disclosure was made in a regulatory filing to stock exchanges on March 20.

  • Published On Mar 20, 2026 at 05:34 PM IST

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