Mumbai: The
demi-fine jewellery brand co-founded by Shraddha Kapoor has seen a remarkable
revenue jump in FY 2025, which stood at ₹39 crore, a significant leap compared
to ₹1 crore in FY 2024.
Most of the company’s sales came from
product sales, bringing in ₹38.6 crore in earnings, following heavy
investments, as per reports.
The report added that the brand spent ₹15.2
crore on marketing and advertising to build its presence, which has now started
showing visible results.
The net profit stood at ₹4.3 crore in FY
2025, compared to a loss of ₹25 crore in the previous year.
Founded in 2022 by Pallavi Mohadikar and Dr
Amol Patwari, the brand associated with its star partner Shraddha Kapoor in
late 2023 after the actress discovered the brand on Instagram, with the
partnership formalised in 2024.
At present, Palmonas is expanding rapidly,
extending its consumer base from demi-fine jewellery into 9K gold.
