High gold prices fail to dent PNG Jewellers as Gudi Padwa sales jump 38%, revenue crosses ₹10,000 crore

P N Gadgil Jewellers Limited (PNG Jewellers) has crossed the ₹10,000 crore revenue milestone in FY2025-26, marking a significant achievement for the Pune-based jewellery retailer amid elevated gold prices.

The company said it recorded festive sales of ₹170.7 crore during Gudi Padwa, registering a 38% year-on-year (YoY) growth compared to the same period last year, highlighting resilient consumer demand during the key buying season.

Segment-wise, gold remained the primary value driver with revenues rising 35% YoY. The diamond and silver categories outperformed, posting growth of 61% and 118% YoY, respectively.



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Chairman and Managing Director Saurabh Gadgil said the ₹10,000 crore milestone reflects strong customer trust and employee commitment. He added that Gudi Padwa continues to be a crucial sales period for the company, with strong customer traction across markets despite high gold prices.

The company said it remains optimistic about sustaining momentum, supported by the ongoing wedding season, expansion into new markets, and a continued focus on design offerings and value.


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The disclosure was made in a regulatory filing to stock exchanges on March 20.