PN Gadgil Jewellers Limited delivered strong financial performance in Q3 with consolidated revenue growth of 35.6% reaching ₹3,302.00 crore, though shares declined over 2% following the business update announcement. The company's performance was primarily driven by robust festive and wedding season demand, showcasing its ability to capitalize on seasonal consumption patterns.

Segment-wise Performance Analysis

The retail segment emerged as the key growth driver, recording 46% growth in the December quarter and maintaining its position as the largest revenue contributor at 83.2% of total revenue. The company's diversified business model across multiple segments supported this strong performance.

Record Festival Sales Performance

The company achieved exceptional festive season results, with Dhanteras marking the highest-ever single-day festive sale at ₹277.00 crore. Dussehra sales also showed strong momentum with a 64% increase to ₹190.00 crore, demonstrating the company's strong market position during key festival periods.

Digital Growth and Store Expansion

The company's e-commerce operations registered remarkable growth of 138% compared to the previous year, contributing 5.1% to total revenue. Same store sales growth (SSSG) stood at 32%, indicating strong performance across existing outlets. During the quarter, the company launched three exclusive company-owned outlets, bringing the total store count to 66.

Market Performance and Future Outlook

Despite strong operational results, the stock declined 1.3% to ₹631.60 following the business update, though it has gained 5% over the past month. The company has planned 12-14 new store openings in Q4, targeting 78-80 stores by the end of the fiscal year through a mix of company-owned and franchisee-operated outlets.

P N Gadgil Jewellers Limited has expanded its retail footprint with the opening of a new store in Kharghar, Navi Mumbai. The jewellery retailer announced the launch of its latest outlet on January 04, 2026, as part of its ongoing expansion strategy across Maharashtra.

Store Opening Details

The new store commenced operations at Shree Krishna Paradise, Kharghar, Navi Mumbai, Maharashtra with the pin code 410210. The formal opening ceremony was conducted on January 04, 2026, at approximately 05:30 P.M.

Retail Network Expansion

With the addition of the Kharghar outlet, P N Gadgil Jewellers Limited has expanded its total store count to 67 locations. This milestone represents the company's continued focus on strengthening its presence in the Maharashtra market and enhancing accessibility for customers across the region.

Regulatory Compliance

The company has fulfilled its disclosure obligations by informing both the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) about the new store opening. This notification was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The formal communication was signed by Prakhar Gupta, Company Secretary and Compliance Officer, ensuring proper documentation and transparency with regulatory authorities and stakeholders.