PN Gadgil Jewellers declines despite reporting 24% growth in consolidated revenue in Q3FY25
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PN Gadgil Jewellers is currently trading at Rs. 657.35, down by 15.45 points or 2.30% from its previous closing of Rs. 672.80 on the BSE.
The scrip opened at Rs. 690.70 and has touched a high and low of Rs. 690.70 and Rs. 654.00 respectively. So far 34168 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 843.80 on 17-Sep-2024 and a 52 week low of Rs. 611.40 on 22-Nov-2024.
Last one week high and low of the scrip stood at Rs. 700.00 and Rs. 654.00 respectively. The current market cap of the company is Rs. 8962.86 crore.
The promoters holding in the company stood at 83.11%, while Institutions and Non-Institutions held 7.29% and 9.60% respectively.
PN Gadgil Jewellers has registered 24% consolidated Year-on-Year (Y-o-Y) revenue growth in Q3FY25 as compared to the same period in Q3FY24. This growth was driven by a strong increase in same store sales growth, Festive demand in Dussehra, Diwali and the wedding season.
Further, it has reported 42% Y-o-Y revenue growth in retail segment in Q3FY25 as compared to Q3FY24. Its Franchise segment experienced a Y-o-Y revenue increase of around 87%, while the E? commerce segment grew by around 98% compared to Q3FY24.
The Diamond category achieved a Steller revenue growth of around 40% on a YoY basis compared to Q3FY24.
PN Gadgil Jewellers offers a wide range of precious metal/ jewellery products, including gold, silver, platinum and diamond jewellery under its brand name 'PNG' in various price ranges and designs.
