P N Gadgil Jewellers Limited — PPTs, 12-02-2025: Investor Presentation

**Financial Highlights:** P N Gadgil Jewellers recorded a revenue of ₹24,358 Mn for Q3 FY25, a 23.5% increase from ₹19,722 Mn in Q3 FY24. The EBITDA stood at ₹1,298 Mn (EBITDA margin of 5.3%), reflecting a 37.2% YoY growth. The profit after tax (PAT) rose to ₹860 Mn, representing a 49.4% increase compared to ₹576 Mn in the corresponding quarter last year.

**Strategic Initiatives and Growth Drivers:** The company is executing an aggressive expansion strategy with nine new store openings in the last quarter, enhancing its footprint across Maharashtra and aiming to penetrate Tier II cities. A multichannel approach is being adopted to integrate in-store and e-commerce sales, with a significant 97.9% increase in online sales.

**Business Developments:** PNG Jewellers is positioned as the second-largest organized player in Maharashtra, with 48 stores in operation. The brand has initiated a new product line, “LiteStyle,” focusing on lightweight jewellery aimed at younger consumers.

**Market Position and Competitive Advantage:** With a strong legacy and heritage, PNG Jewellers leverages its trusted brand image to capitalize on growing organized jewellery market trends. The company's focus on quality and design continues to resonate well with consumers, posing significant growth opportunities.

**Investor Implications:** The company showcases a strong upward trajectory with robust earnings growth, effective expansion strategies, and a commitment to enhancing e-commerce capabilities. Investors should monitor PNG Jewellers for potential continued growth in a recovering economy, especially as consumer preferences shift towards branded retail.