What we do P N Gadgil Jewellers Ltd retails a diverse range of gold, silver, diamond, and platinum jewellery across multiple price points, primarily in India with a heritage dating back to 1832. |
Founded in 2,013 |
Market share Second largest organized jeweller in Maharashtra; rapidly expanding pan-India presence with 66 stores and growing. |
Problem solved Offers trusted hallmark-certified, quality jewellery with diverse designs serving occasion-specific and everyday needs, enhancing customer confidence in product authenticity. |
Top clients or who we serve B2C customers seeking high-quality jewellery for weddings, festivals, daily wear across urban and semi-urban India and USA. |
Key management Chairman & Managing Director Dr. Saurabh Gadgil (PhD, MBA, 25+ years in jewellery business) and experienced executive directors with decades of industry expertise. |
Our journey and innovations From founding in 2013 and legacy since 1832, expanded to 66 stores by 2025, pioneered hallmarking since 2007, launched IPO in 2024, and innovative sub-brand LiteStyle. |
Where we operate Predominantly India (Maharashtra, Goa, Madhya Pradesh, Uttar Pradesh, Bihar), with one store in USA, growing national footprint. |
Top products or what we offer Gold, silver, platinum, diamond jewellery collections including weddings, engagements, fashion, and daily wear; also lightweight LiteStyle sub-brand. |
Top brands PNG Jewellers with notable collections like Pratha, Yoddha, LiteStyle; trusted hallmarking and diamond certifications. |
Raw materials needed Gold, silver, platinum metals and certified diamonds from trusted vendors. |
Raw materials supplier Procures from certified vendors providing hallmark and diamond certificates (GSI, IGI, SGL). |
Recurring vs cyclical contribution Revenue driven by cyclical demand peaks during weddings, festivals but also steady daily wear jewellery sales. |
Our industry position Strong foothold in Maharashtra market; expanding pan-India presence; recognized brand with increasing market share among organized retailers. |
Financial highlights FY25 revenue ₹7,693 Cr, net profit ₹218 Cr; consistent growth with 26-30% YoY revenue increase, EBITDA margin rising to ~7.5%. |
Geographical revenue split Majority (over 99%) of revenue from India with minimal sales from USA store. |
Order book - |
Whats driving growth Festive and wedding season demand, expansion into new markets, digital sales growth, innovative collections like LiteStyle. |
Our future plans Expand store network pan-India, increase LiteStyle presence, enhance e-commerce and digital marketing, maintain robust supply chain and design innovation. |
Our green promise Initiatives include solar energy adoption, EV usage, sustainable packaging, and workplace safety programs. |
Our people and values Over 2100 employees fostering inclusive culture, employee safety, and continual skills enhancement. |
Key challenges ahead Gold price volatility, competitive retail market, regulatory compliance and supply chain disruption risks. |
Interesting facts IPO was oversubscribed 59 times in 2024; hallmarking voluntarily applied since 2007, ahead of mandatory norms. |
Risks and strategy Mitigation through diversified product range, robust financial controls, risk management framework, and expansion funded by IPO proceeds. |
