P N Gadgil Jewellers delivered record-breaking festive sales of ₹618 crore during Navratri and Dussehra in FY26, up 65% YoY, with strong growth across gold, diamond, and silver segments.
How Did P N Gadgil Jewellers Achieve Record Festive Season Sales in FY26?
About P N Gadgil Jewellers
P N Gadgil Jewellers, one of India’s most iconic jewellery brands, has consistently blended tradition with modern retail practices. With a rich legacy of craftsmanship and trust, the company enjoys a strong presence in Maharashtra and has been expanding across India. The festive season is the peak consumption period for gold and jewellery, and in FY26, P N Gadgil set new benchmarks during Navratri and Dussehra by reporting record-high sales and customer footfalls.
✅ Total festive season sales reached ₹618 crore, marking a strong 65% year-on-year growth and reinforcing customer confidence in the brand.
Performance During Navratri and Dussehra
Navratri and Dussehra together accounted for record revenues, with Navratri leading the way. The company reported a record single-day high on Dussehra, reflecting strong consumer enthusiasm for jewellery purchases during auspicious occasions.
💡 Navratri sales stood at ₹428 crore, up 66% YoY, while Dussehra contributed ₹190 crore in a single day, creating a new benchmark for the brand.
Segment-Wise Growth Analysis
The performance was not limited to gold but extended across other segments, highlighting the broad-based strength of P N Gadgil’s product portfolio.
✅ Gold sales grew 64% YoY with volumes up 10%. ✅ Diamond sales rose 47% YoY with volumes surging 53%. ✅ Silver sales jumped 133% YoY with volumes up 64%.
These numbers highlight strong consumer appetite across jewellery categories, even as gold prices remained elevated. The surge in silver and diamond volumes indicates a shift toward diversification of demand beyond traditional gold purchases.
Strategic Insights and Management Commentary
Dr. Saurabh Gadgil, Chairman and Managing Director of P N Gadgil Jewellers, emphasized that the festive sales performance demonstrates the brand’s resilience and adaptability. Expansion into new markets, a focus on design innovation, and customer-centric campaigns supported growth. Importantly, the surge in gold prices did not deter demand, showing strong cultural affinity for jewellery purchases during auspicious occasions.
⚠️ Rising gold prices were expected to dampen demand, but consumer sentiment remained robust, reflecting jewellery’s role as both a cultural necessity and a store of value.
This performance also reflects broader trends in India’s jewellery sector where branded players with strong trust and transparency are outpacing local unorganized retailers.
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Investor Takeaway
P N Gadgil Jewellers’ festive sales of ₹618 crore with 65% YoY growth showcase its brand strength, consumer trust, and resilience against rising gold prices. Record Navratri and Dussehra performances, coupled with strong growth across gold, diamond, and silver, point to continued demand momentum heading into Diwali and the wedding season. Investors should note that jewellery consumption remains a reliable barometer of consumer confidence in India. Continue exploring timely consumer and market insights at Indian-Share-Tips.com, which is a SEBI Registered Advisory Services.
SEBI Disclaimer: The information provided in this post is for informational purposes only and should not be construed as investment advice. Readers must perform their own due diligence and consult a registered investment advisor before making any investment decisions. The views expressed are general in nature and may not suit individual investment objectives or financial situations.
