P N Gadgil Jewellers Limited — Updates, 12-11-2024: Press Release

P N Gadgil Jewellers Ltd. reported a robust 46% year-over-year increase in consolidated revenue, reaching ₹20,013.10 million for Q2 FY25, fueled by strong consumer demand, particularly during festive periods. The profit after tax (PAT) for the quarter amounted to ₹349.19 million, reflecting a substantial 59% growth compared to the same quarter last year. EBITDA grew to ₹658.83 million, up 39% from the previous year.

Retail revenue surged to ₹12,195.05 million, a 37% increase, while retail EBITDA rose by 55% to ₹681.69 million. The e-commerce segment also thrived, with first-half revenue climbing 95% to ₹965.84 million. The company’s successful launch of over 2,000 new Mangalsutra designs for its flagship Maha Mangalsutra Mahotsav helped drive sales.

Chairman Dr. Saurabh Gadgil noted the strong operating performance amid volatile gold prices and highlighted the significant impact of reduced gold import duties. The company’s recent stock market debut, with shares listing at a premium, further exemplifies investor confidence in P N Gadgil Jewellers' growth trajectory. Positive outlook persists, driven by festive demand and strategic initiatives.