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.
