P N Gadgil Jewellers Ltd has surpassed the ₹10,000-crore revenue milestone in FY26, reflecting sustained growth momentum in its core retail business.
The company’s performance underscores resilient consumer demand, even amid elevated gold prices, supported by strong traction across product categories.
Festive boost drives sales growth
On the occasion of Gudi Padwa, the jeweller recorded festive sales of ₹170.7 crore, marking a robust 38% year-on-year growth over the corresponding period last year.
The strong festive showing highlights continued consumer appetite for gold purchases during key cultural occasions, despite price pressures.
Gold leads, diamonds and silver shine
The gold segment remained the primary value driver, registering a 35% year-on-year increase in revenues.
Meanwhile, the diamond and silver segments delivered sharper growth, rising 61% and 118% year-on-year, respectively, indicating diversified demand across categories.
Management outlook remains upbeat
Chairman and Managing Director Saurabh Gadgil described the milestone as a defining moment for the company, reflecting long-term strategic execution.
He expressed optimism about sustaining growth momentum, citing the ongoing wedding season, expansion into new markets, and continued focus on design innovation and value offerings as key drivers for closing the financial year on a strong note.