Recently listed jewellery firm P N Gadgil Jewellers Limited has clocked a 49.4 per cent increase in its profit in the Q3 of FY25 as compared to the same quarter last year. The company’s profit went up to Rs 86 crore in the third quarter of the current fiscal.
The total revenue of the company stood at Rs. 2,435.7 crore in Q3 FY25, a 23.5 per cent growth year-on-year. Revenue per store stands at around Rs 127.2 crore while the net profit per store reached Rs 3.25 crore.
A release issued by the company said that the retail segment is 77 per cent of the company’s total sales achieving a revenue growth of 41.8 per cent , an EBITDA margin of 6.8 per cent and a PAT margin of 4.6 per cent . The company’s E‐commerce segment experienced a 97.9 per cent rise, with revenue increasing to Rs 70.5 crore.
Franchise revenue also grew to Rs. 226.4 crore, with an 86.6 per cent increase for Q3 FY25. Same-Store Sales Growth (SSSG) stood at 25.7 percent.
Commenting on the performance, Saurabh Gadgil, Chairman & Managing Director, P N Gadgil Jewellers Limited, said,“Our 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 launch of nine showrooms across nine consecutive days during Navratri took our store count to 48, with plans to reach 53 by Q4 FY25.”>
