P N Gadgil Jewellers Limited recorded festive revenue of ₹251 crore on Akshaya Tritiya, reflecting a growth of 80.3% over the previous year's revenue of ₹140 crore, making it the Company’s second- highest single-day Revenue performance to date. The growth was supported by strong volume growth, healthy footfall and strong traction across key product categories.

The gold segment reported revenue growth of 79.6% year-over-year, while the silver and diamond segments grew by 98.0% and 79.9% respectively, demonstrating healthy diversification across product categories. The gold segment continued its strong momentum, registering 12.8% year-on-year volume growth during the occasion.

Dr. Saurabh Gadgil, Chairman and Managing Director, said, "We are pleased with the strong operational performance delivered on Akshaya Tritiya, with total revenue recorded at ₹251 crore. The demand environment remained robust, reflecting the enduring cultural significance of the occasion and the trust our customers place in the PNG brand. The resilience in consumer spending highlights the strength of our 194-year legacy and the craftsmanship that continues to distinguish PNG across every market we serve.

Gold remained the key driver, recording 79.6% YoY revenue growth, while the silver and diamond segments grew by 98.0% and 79.9% YoY revenue, respectively. The volume growth is an encouraging indicator of strong footfall conversion and sustained customer acquisition.

Akshaya Tritiya is among the most auspicious days of the year for gold purchases, and we witnessed strong consumer traction across our markets. Along with our western markets, we are particularly encouraged by the performance in Bihar, Uttar Pradesh, and Indore.

We have started the quarter on a strong footing and are well positioned as the ongoing wedding season continues, which we expect to be a meaningful demand driver in the months ahead. Our strategic priorities remain unchanged; expanding our retail presence, enhancing the in-store and digital customer experience, and driving consistent revenue growth that creates long-term value for our customers and shareholders."

Courtesy : AOJ Desk News