PN Gadgil Q3 Profit Nearly Doubles, Festive Sales Drive Record Growth

• PN Gadgil Jewellers Ltd. reported a 99% year-on-year increase in net profit to ₹171 crore for Q3 FY24.
• Revenue surged 35.6% to ₹3,303 crore, while EBITDA almost doubled to ₹247 crore.
• EBITDA margin expanded by 250 basis points to 7.5%.
• The company achieved its highest-ever single-day revenue of ₹277 crore on Dhanteras; Dussehra sales rose 64%.
• E-commerce business grew 138% and contributed 5.1% to total revenue; SSSG was 32%.