P N Gadgil Jewellers Ltd

The stock has risen 9.24% in three consecutive sessions. Despite the recent momentum, it is still down a little over 18% in the past six months. The jewellery retailer made its market debut on 17 September 2024, listing at Rs 834, a strong 73.75% premium over its issue price of Rs 480. The company's IPO drew robust investor interest, with a subscription of 59.41 times. The offer was open from 10 to 12 September 2024, with a price band set between Rs 456 and Rs 480 per share. Incorporated in 1832, PNG Jewellers offers a wide range of gold, silver, platinum, and diamond jewellery collections. The company operates 53 retail stores, including 52 in Maharashtra and Goa, and one in the U.S., with a total retail area of 1,65,260 sq. ft. The stores include 41 company-owned and 12 franchisee-owned outlets under the FOCO (Franchise Owned, Company Operated) model. On a consolidated basis, net profit of P N Gadgil Jewellers rose 12.85% to Rs 61.99 crore while net sales rose 5.04% to Rs 1588.22 crore in Q4 March 2025 over Q4 March 2024. Powered by Capital Market - Live

Net profit of P N Gadgil Jewellers rose 12.85% to Rs 61.99 crore in the quarter ended March 2025 as against Rs 54.93 crore during the previous quarter ended March 2024. Sales rose 5.04% to Rs 1588.22 crore in the quarter ended March 2025 as against Rs 1512.02 crore during the previous quarter ended March 2024. For the full year,net profit rose 40.68% to Rs 218.27 crore in the year ended March 2025 as against Rs 155.15 crore during the previous year ended March 2024. Sales rose 25.87% to Rs 7693.47 crore in the year ended March 2025 as against Rs 6112.02 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales1588.221512.02 5 7693.476112.02 26 OPM %5.935.88 -4.374.42 - PBDT97.5578.85 24 327.94232.63 41 PBT84.5673.39 15 293.11209.44 40 NP61.9954.93 13 218.27155.15 41 Powered by Capital Market - Live

Net profit of P N Gadgil Jewellers rose 14.20% to Rs 62.39 crore in the quarter ended March 2025 as against Rs 54.63 crore during the previous quarter ended March 2024. Sales rose 5.10% to Rs 1574.25 crore in the quarter ended March 2025 as against Rs 1497.82 crore during the previous quarter ended March 2024. For the full year,net profit rose 39.36% to Rs 214.88 crore in the year ended March 2025 as against Rs 154.19 crore during the previous year ended March 2024. Sales rose 26.50% to Rs 7630.55 crore in the year ended March 2025 as against Rs 6032.00 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales1574.251497.82 5 7630.556032.00 27 OPM %5.955.86 -4.384.43 - PBDT97.4178.00 25 322.31229.63 40 PBT84.9672.93 16 289.53208.43 39 NP62.3954.63 14 214.88154.19 39 Powered by Capital Market - Live

The Board of P N Gadgil Jewellers at its meeting held on 15 May 2025 has considered the proposal of raising funds by way of issuance of Equity Shares; however, after due deliberation, the Board has decided to defer the matter for discussion at a later stage. The Company will inform the stock exchange(s) as and when the matter is reconsidered by the Board.Powered by Capital Market - Live

P N Gadgil Jewellers will hold a meeting of the Board of Directors of the Company on 15 May 2025.Powered by Capital Market - Live

P N Gadgil Jewellers recorded its highest-ever single day festive sales of Rs 139.53 crore on the occasion of Akshaya Tritiya, reflecting a growth of approximately 35% over the previous year's revenue of Rs 103.26 crore. In Value terms, gold segment revenue grew by 34% year-over-year, while the Diamond however, overall volume remain higher than the same period last year.Powered by Capital Market - Live

The company reported consolidated revenue growth of 25.9% year-on-year in the fourth quarter of the previous financial year. The retail segment of the jeweller grew by 50% year-on-year, driven by strong consumer demand. The e-commerce segment grew by 243.8% quarter-on-quarter and contributed 5.7% to total revenue, the company added. Franchisee operations also posted growth of 37.2% on a quarter-on-quarter basis, driven by broader market penetration. This segment accounted for 11.7% of total revenue. The company's festive season sales rose 40.4% year-on-year during the occasion of Gudi Padwa, amounting to Rs 123.5 crore. This was the highest-ever single-day festive sales. The same-store sales growth was a strong 26.3%, continuing to drive sustained growth. This reflects consistent demand and robust operational performance of its existing stores. The stud ratio improved to 7.4% in Q4 FY25, highlighting the growing popularity of stud-based jewelry and aligning with changing consumer preferences. In Q4 FY25, the company launched five new stores'four COCO and one FOCO store'bringing its total store count to 53. Regarding its outlook, the firm stated that it anticipates a strong FY26, fueled by robust demand starting with Akshaya Tritiya and the continued strength of the wedding season. Both are expected to drive significant sales in Q1 FY26. Additionally, strong consumer demand, driven by increasing purchasing power and shifting consumer preferences, will continue to fuel growth. The company aims to maintain this momentum by launching 20-25 new stores in FY26 while expanding its footprint in Uttar Pradesh and other regions. This strategic growth underscores its confidence in the market's potential and its commitment to strengthening its physical presence. With these new stores, the company aims to increase accessibility, deepen brand penetration, and continue delivering unparalleled value while sustaining its growth trajectory. P N Gadgil is the second-largest jewellery player in Maharashtra in terms of the number of stores as of January 2024. A wide range of precious metal and jewelry products include gold, silver, platinum, and diamond jewelry across various price ranges and designs. The products are primarily sold under the flagship brand, PNG, as well as various sub-brands, through multiple channels, including retail stores, various online marketplaces, and own website. The company's consolidated net profit jumped 49.36% to Rs 86.03 crore in Q3 FY25 as compared with Rs 57.60 crore in Q3 FY24. Revenue from operations jumped 23.51% YoY to Rs 2,435.75 crore in Q3 FY25. Powered by Capital Market - Live

The key domestic indices traded with decent gains in the afternoon trade as inflation eased to a five-month low, according to data released by the government. The Nifty traded above the 23,150 mark after hitting the day's low of 22,992.20 in early trade. Trading was volatile due to the weekly Nifty 50 F&O series expiry today. Pharma, Metal, Realty shares advanced while PSU Bank, IT and FMCG shares declined. At 13:25 IST, the barometer index, the S&P BSE Sensex, gained 356.01 points or 0.47% to 76,523.72. The Nifty 50 index added 112.45 points or 0.49% to 23,157.70. In the broader market, the S&P BSE Mid-Cap index added 0.74%, and the S&P BSE Small-Cap index rose 0.42%. The market breadth was positive. On the BSE, 2,283 shares rose and 1,541 shares fell. A total of 145 shares were unchanged. Gainers & Losers: Tata Steel (up 3.61%), Sun Pharmaceutical s Industries (up 3.16%), Cipla (up 2.61%), Bajaj Finserv (up 2.58%) and Bajaj Finance (up 2.50%) were the major Nifty gainers. Adani Enterprises (down 2.27%), Hero Motorcorp (down 0.74%), Infosys (down 0.37%), HDFC Bank (down 0.25%) and Nestle India (down 0.21%) were the major Nifty losers. Stocks in Spotlight: Godrej Industries jumped 5.39% after the company's consolidated net profit rose 76.86% to Rs 188.20 crore on 34.39% increase in revenue from operations to Rs 4,824.83 crore in Q3 December 2024 over Q3 December 2023. Honasa Consumer rallied 9.55% after the company's consolidated net profit increased marginally to Rs 26.02 crore in Q3 FY25, up 0.46% as compared with Rs 25.90 crore in Q3 FY24. Revenue from operations rose 6% to Rs 517.51 crore in Q3 FY25 as compared with Rs 488.21 crore posted in corresponding quarter last year. SKF India slipped 2.87% after the firm reported a 17.1% decline in consolidated net profit to Rs 109.50 crore in Q3 FY25 as against Rs 132.15 crore posted in Q3 FY24. However, revenue from operations jumped 15% YoY to Rs 1,256.10 crore in the quarter ended 31 December 2024. Suven Pharmaceuticals rallied 8.20% after the company's consolidated net profit jumped 77.3% to Rs 82.88 crore in Q3 FY25 as compared with Rs 46.75 crore in Q3 FY24. Revenue from operations jumped 39.7% to Rs 307.15 crore in Q3 FY25 as compared with Rs 219.82 crore in Q3 FY24. P N Gadgil Jewellers surged 10% after the company's consolidated net profit jumped 49.36% to Rs 86.03 crore in Q3 FY25 as compared with Rs 57.60 crore in Q3 FY24 Revenue from operations jumped 23.51% YoY to Rs 2,435.75 crore in Q3 FY25.. Global Markets: Most European market advanced as The U.K. economy grew by 0.1% in the fourth quarter, ahead of expectations for a 0.1% contraction, according to a preliminary estimate from the U.K.'s Office for National Statistics. Investors are looking for Corporate results include those of Siemens, Nestle, Swisscom, Pernod Ricard, Orange, Unilever, Legrand, Ferrovial, Barclays, British American Tobacco, Commerzbank, Thyssenkrupp and Moncler, while Germany's latest inflation rate is also due. Asian stocks saw a mixed performance on Thursday. A surge in Chinese tech stocks, driven by enthusiasm for artificial intelligence, and news of potential deals in Japan's technology sector provided positive momentum. However, concerns about high U.S. inflation tempered gains. Market sentiment was also boosted by reports of potential peace talks between Russia and Ukraine, raising hopes for an end to the protracted conflict. This news contributed to a drop in oil prices. It was reported that both the Russian and Ukrainian presidents expressed a desire to resolve the conflict in separate phone calls, and that steps were being taken to initiate peace talks. This development followed reports that Ukraine would no longer pursue NATO membership, a key point of contention for Russia. U.S. stocks fell overnight after stronger-than-anticipated consumer price index (CPI) data was released. The inflation figures lessened expectations of near-term interest rate cuts. At the NYSE close, the Dow Jones Industrial Average decreased by 0.50%, the S&P 500 index fell by 0.27%, and the NASDAQ Composite index showed a slight gain of 0.03%. The CPI increased by 0.5% month-over-month, while the core CPI rose by 0.4%. These results fueled concerns about persistent inflationary pressures. Analysts pointed to the upside surprise in the CPI report, noting that it contradicted earlier forecasts of moderating inflation. Overall market sentiment remained cautious due to ongoing trade tensions, including recently implemented tariffs on commodity imports and the potential for retaliatory tariffs. Individual stock performance saw CVS Health Corp. rallying by nearly 15%, and Gilead Sciences Inc. increasing by 7.5%.Powered by Capital Market - Live

The domestic equity benchmarks traded with significant gains in the mid-morning trade as inflation eased to a five-month low, according to data released by the government. The Nifty traded above the 23,150 mark after hitting the day's low of 22,992.20 in early trade. Metal shares extended gains for the second day in a row. At 11:30 IST, the barometer index, the S&P BSE Sensex, gained 443.80 points or 0.58% to 76,618.96. The Nifty 50 index added 114.25 points or 0.63% to 23,189.50. In the broader market, The S&P BSE Mid-Cap index jumped 1.14%, and the S&P BSE Small-Cap index rallied 0.71%. The market breadth was weak. On the BSE, 2,428 shares rose and 1,231 shares fell. A total of 150 shares were unchanged. IPO Update: The initial public offer (IPO) of Hexaware Technologies received bids for 37,80,903 shares as against 9,14,23,354 shares on offer, according to stock exchange data at 11:15 IST on 12 February 2024. The issue was subscribed to 0.04 times. The issue opened for bidding on 12 February 2024 and it will close on 14 February 2024. The price band of the IPO is fixed between Rs 674 and Rs 708 per share. An investor can bid for a minimum of 21 equity shares and in multiples thereof. Buzzing Index: The Nifty Metal index jumped 1.79% to 8,416.80. The index rallied 2.47% in two consecutive trading sessions. Steel Authority of India (up 4.12%), Welspun Corp (up 3.51%), Tata Steel (up 3.42%), Hindustan Copper (up 2.81%), Jindal Steel & Power (up 2.59%), JSW Steel (up 2.36%), NMDC (up 1.94%), APL Apollo Tubes (up 1.83%), Vedanta (up 1.74%) and National Aluminium Company (up 1.66%) advanced. On the other hand, Adani Enterprises (down 0.89%), Hindustan Zinc (down 0.11%) and Ratnamani Metals & Tubes (down 0.07%) edged lower. Stocks in Spotlight: P N Gadgil Jewellers hit an upper circuit of 10% after the company's consolidated net profit jumped 49.36% to Rs 86.03 crore in Q3 FY25 as compared with Rs 57.60 crore in Q3 FY24. Revenue from operations jumped 23.51% YoY to Rs 2,435.75 crore in Q3 FY25. ITD Cementation India shed 0.89%. The company's consolidated net profit jumped 10.75% to Rs 87.04 crore on 11.28% rise in revenue from operations to Rs 2,244.86 crore in Q3 FY25 over Q3 FY24. Balaji Amines declined 2.68% after the company's consolidated net profit slipped 17.79% to Rs 33.19 crore on 18.42% drop in revenue from operations to Rs 312.73 crore in Q3 FY25 over Q3 FY24. Global Markets: Asian stocks saw a mixed performance on Thursday. A surge in Chinese tech stocks, driven by enthusiasm for artificial intelligence, and news of potential deals in Japan's technology sector provided positive momentum. However, concerns about high U.S. inflation tempered gains. Market sentiment was also boosted by reports of potential peace talks between Russia and Ukraine, raising hopes for an end to the protracted conflict. This news contributed to a drop in oil prices. It was reported that both the Russian and Ukrainian presidents expressed a desire to resolve the conflict in separate phone calls, and that steps were being taken to initiate peace talks. This development followed reports that Ukraine would no longer pursue NATO membership, a key point of contention for Russia. U.S. stocks fell overnight after stronger-than-anticipated consumer price index (CPI) data was released. The inflation figures lessened expectations of near-term interest rate cuts. At the NYSE close, the Dow Jones Industrial Average decreased by 0.50%, the S&P 500 index fell by 0.27%, and the NASDAQ Composite index showed a slight gain of 0.03%. The CPI increased by 0.5% month-over-month, while the core CPI rose by 0.4%. These results fueled concerns about persistent inflationary pressures. Analysts pointed to the upside surprise in the CPI report, noting that it contradicted earlier forecasts of moderating inflation. Overall market sentiment remained cautious due to ongoing trade tensions, including recently implemented tariffs on commodity imports and the potential for retaliatory tariffs. Individual stock performance saw CVS Health Corp. rallying by nearly 15%, and Gilead Sciences Inc. increasing by 7.5%. Powered by Capital Market - Live

Revenue from operations jumped 23.51% YoY to Rs 2,435.75 crore in Q3 FY25. EBITDA stood at Rs 129.77 crore in the quarter ended 31st December 2024, registering the growth of 37.2% as compared with Rs 94.58 crore in Q3 FY24. EBITDA margin stood at 5.3% in Q3 FY25 as against 4.8% posted in same quarter last year. Revenue per store stood at around Rs 127.2 crore while net profit per store reached Rs 3.25 crore, demonstrating strong efficiency and profitability at the store level. Revenue from retail segment jumped 41.8% to Rs 1,878.8 crore in Q3 FY25, up 41.8% as compared with Rs 1,325 crore in Q3 FY24. Retail segment is 77% of the total sales. In Q3 FY25, the company's E‐commerce segment experienced exceptional growth, with revenue increasing to Rs 70.5 crore, a 97.9% rise. Revenue from Franchise segment grew to Rs 226.4 crore, with an 86.6% increase for Q3 FY25. The company said that strong same-store sales growth (SSSG) of 25.7% continues to drive sustained growth. Dr. Saurabh Gadgil, chairman & managing director, P N Gadgil Jewellers, said, 'Our strong Q3 FY25 performance reflects the continued trust of our customers and the strength of our retail presence. With record-high monthly revenue, robust same-store sales growth, and increasing customer engagement, we remain focused on enhancing our offerings and expanding our footprint. The successful launch of nine showrooms across nine consecutive days during Navratri underscores our commitment to growth, taking our store count to 48, with plans to reach 53 by Q4 FY25. The growth in all segments-retail, ecommerce, and franchise-reinforces our strategy and positions us well for sustained momentum in the coming quarters.' P N Gadgil is the second-largest jewellery player in Maharashtra in terms of the number of stores as of January 2024. A wide range of precious metal and jewelry products include gold, silver, platinum, and diamond jewelry across various price ranges and designs. The products are primarily sold under the flagship brand, PNG, as well as various sub-brands, through multiple channels, including retail stores, various online marketplaces, and own website. Powered by Capital Market - Live