PN Gadgil Jewellers' revenue on Akshaya Tritiya rises 80% YoY
This story was originally published at 14:28 IST on 20 April 2026
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AHMEDABAD - P.N. Gadgil Jewellers Ltd. clocked a revenue of INR 2.51 billion on Akshaya Tritiya this year, up a whopping 80% over INR 1.4 billion last year, the company said in a notice to the stock exchanges Monday. "The growth was supported by strong volume growth, healthy footfall and strong traction across key product categories," it said.
Sharing a break-up of the sales, the company said it earned INR 2.2 billion from sale of gold, up nearly 80% from last year. Sales of silver were up 98% from the previous year at INR 100 million, and sales of diamonds INR 210 million, also up nearly 80%.
Akshaya Tritiya, which was on Sunday this year, is considered by Hindus as one of the most auspicious days for gold purchases. Other than markets in the western part of the country, P.N. Gadgil said they were encouraged by the performance in Bihar, Uttar Pradesh, and Indore. "We have started the quarter on a strong footing and are well positioned as the ongoing wedding season continues, which we expect to be a meaningful demand driver in the months ahead," the company said.
The company saw its revenue more than double to nearly INR 36 billion in the March quarter, from INR 16 billion in the year-ago quarter. For the December quarter, the company had reported a consolidated net profit of INR 1.7 billion on consolidated revenue of INR 33 billion. At 1409 IST, shares of the company were up flat at INR 667 on the National Stock Exchange. End
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Reported by Sunil Raghu
Edited by Ashish Shirke
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