PN Gadgil Jewellers Reports ₹606 Crore Diwali Sales, Up 74% Year-on-Year

PN Gadgil Jewellers reported a 74% increase in festive sales to ₹606 crore during Diwali 2025 compared to the previous year, according to an exchange filing on October 27. Within this figure, Dhanteras contributed ₹277 crore, marking the company’s highest-ever single-day festive sales.

Gold Drives Festive Growth

Gold was the primary driver of Diwali sales, delivering a 74% increase in revenue. Gold volumes expanded by 10% to 390 kg despite prices rising 60% year-on-year. This resilience highlights strong consumer demand during the festive season.

Diamond and Silver Performance

Demand for diamond and silver jewellery also surged. Diamond revenue grew 54%, with volumes up 47% year-on-year. Silver recorded a 90% increase in revenue and a 17% rise in volumes, reflecting broad-based festive buying across categories.

Global and Domestic Gold Price Trends

Last week, spot gold hit an all-time high of $4,381.21 per ounce before easing on a stronger US dollar and signs of easing geopolitical tensions. On October 27, spot gold was down 0.7% at $4,082.77 per ounce, while US futures fell 1% to $4,095.80. In India, 24-karat gold traded at ₹12,448 per gram, with 22-karat and 18-karat prices at ₹11,410 and ₹9,336, respectively.

PN Gadgil Share Price Update

PN Gadgil shares were down 1.5% at ₹661.35 apiece around 11:20 am on Monday. The stock has gained 9.3% in the past month and 28.5% over the last six months, reflecting sustained investor confidence despite short-term volatility.

Read More: Gold and Silver Prices Trade Lower.

Conclusion

PN Gadgil Jewellers delivered record-breaking festive sales of ₹606 crore during Diwali 2025, supported by strong demand for gold, diamond, and silver jewellery. With Dhanteras contributing ₹277 crore and gold prices at historic highs, the company’s performance underscores robust consumer sentiment in India’s jewellery market.

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