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.
