Pune: The elevated gold prices had no significant negative impact on the revenues of PNG Jewellers for FY 2025-2026, as the company achieved a remarkable milestone by surpassing ₹10,000 crore in revenue. This achievement is a testament to the brand's resilience, especially considering the challenging market conditions.
The auspicious occasion of Gudi Padwa
played a key role in boosting the company’s sales by ₹170.7 crore, marking a
38% year-on-year (YoY) growth compared to the previous year. This highlights
strong consumer demand during one of the key buying seasons for jewellery.
Segment-wise performance also demonstrated
PNG Jewellers' success, with the diamond and silver categories performing
exceptionally well, with year-on-year growth of 61% and 118%, respectively.
However, gold continued to be the primary revenue driver for the company,
witnessing a 35% YoY rise.
Saurabh Gadgil, Chairman and Managing
Director of PNG Jewellers, expressed his satisfaction with the achievement,
noting that crossing the ₹10,000 crore revenue mark is a significant milestone
for the company. He attributed the strong performance to the brand's strength,
coupled with consistent execution across all categories and regions.
