P N Gadgil Jewellers Reports ₹689 Crore Diwali Sales, Up 14%; Shares Fall 1.5%

Mumbai, November 13: P N Gadgil Jewellers Limited shares traded lower on Friday, November 13, 2026, despite the company announcing a 14% year-on-year increase in Diwali festive sales to ₹689 crore. The jewellery retailer reported growth across its gold, silver and diamond categories, supported by festive demand and improving sales in Northern and Central India. The latest update follows strong September-quarter earnings, with consolidated profit after tax rising 52.7% year-on-year. The stock nevertheless slipped below ₹625 during the afternoon session.

P N Gadgil Jewellers Records ₹689 Crore Diwali Sales

P N Gadgil Jewellers reported festive season sales of ₹689 crore during Diwali FY 2026-27, compared with approximately ₹604 crore in the corresponding period last year. The company recorded 14% year-on-year sales growth, with positive performance across its major jewellery categories. Gold jewellery remained the main contributor, reporting 13% year-on-year revenue growth. Silver jewellery recorded stronger growth of 24%, while diamond jewellery sales increased 8%. The company also reported improving customer demand in Northern and Central India, where the studded jewellery contribution reached 17.2% of sales. Across the overall retail business, the studded jewellery ratio stood at 12.6%. Management attributed the festive performance to customer demand, product quality, craftsmanship and promotional initiatives introduced during the Diwali shopping period. Dr. Saurabh Gadgil, Chairman and Managing Director, expressed confidence in the company’s growth outlook ahead of the wedding season, citing continued customer interest and demand across jewellery categories. The festive sales update comes as the broader jewellery industry reports healthy consumer spending during the recent festive period. Industry estimates indicate that jewellery sales during Dhanteras increased in value terms, although volume growth remained relatively flat.

Stock Market Snapshot

P N Gadgil Jewellers share price were trading around ₹622.50 during the afternoon session on Friday, November 13, 2026, down approximately ₹9.25 or 1.46% from the previous closing price of ₹631.75. According to the supplied intraday chart, the stock initially moved above ₹635 during early trading before declining below its previous close. Shares briefly recovered towards ₹630 around 10:00 AM IST but subsequently weakened. The stock traded near ₹625 through much of the late morning session before slipping towards ₹621 and recovering slightly by approximately 12:25 PM IST.

About P N Gadgil Jewellers

P N Gadgil Jewellers Limited is a Pune-based jewellery retailer with a heritage dating back to 1832. The company operates across gold, silver, diamond and platinum jewellery categories, serving customers through its retail network and franchise operations. As of September 30, 2026, the company operated 80 stores, including 79 in India and one in the United States. It also operates the YOOU by PNG brand, focused on lightweight and contemporary jewellery designs.

Conclusion

P N Gadgil Jewellers reported healthy festive demand, with Diwali sales increasing 14% to ₹689 crore and all three major jewellery categories recording growth. The update follows strong Q2 FY27 financial results, including a 52.7% increase in consolidated profit. Although shares declined during Friday’s trading session, the company’s festive sales performance and improving profitability provide a positive operating backdrop ahead of the wedding season. Future growth will depend on consumer demand, store expansion and maintaining healthy margins.

Source: 

• https://www.nseindia.com/get-quote/equity/PNGJL/P-N-Gadgil-Jewellers-Limited