P N Gadgil Jewellers Q3 net profit jumps 49 percent to Rs 86 crore

Jewellery retailer P N Gadgil Jewellers reported a 49 percent increase in net profit to Rs 86 crore ($10 million) for the third quarter ended December 2024, as against Rs 58 crore in the year ago quarter.

The company’s revenue for the quarter rose by 24 percent to Rs 2,436 crore, as against Rs 1,972 crore in the corresponding quarter of the previous fiscal year.

The company’s e‐commerce segment contributed Rs 70 crore while revenue from the franchise stores stood at Rs 226 crore.

Commenting on the results, Dr Saurabh Gadgil, chairman managing director of P N Gadgil Jewellers Ltd in a statement said, “Our strong Q3 FY25 performance reflects the continued trust of our customers and the strength of our retail presence. With record-high monthly revenue, robust same-store sales growth, and increasing customer engagement, we remain focused on enhancing our offerings and expanding our footprint.”

“The successful launch of nine showrooms across nine consecutive days during Navratri underscores our commitment to growth, taking our store count to 48, with plans to reach 53 by Q4 FY25. The growth in all segments-retail, ecommerce, and franchise-reinforces our strategy and positions us well for sustained momentum in the coming quarters,” he added.

P N Gadgil Jewellers operates 48 retail stores, including 47 in Maharashtra and Goa, and one in the USA.