PN Gadgil Q3: E-commerce Surges 138%, Festive Sales Soar Amidst Stock Dip

• PN Gadgil Jewellers' shares declined over 2% on Thursday despite strong Q3 business updates.
• Retail segment grew 46%, with consolidated revenue up 35.6% year-over-year in Q3.
• E-commerce operations surged 138%, contributing 5.1% to total revenue.
• Company recorded highest-ever single-day festive sale of ₹277 crore on Dhanteras and ₹190 crore on Dussehra.
• Growth was driven by strong festive and wedding season demand; 12-14 new store openings planned.

Why It Matters: PN Gadgil saw massive e-commerce and festive sales growth in Q3, despite a temporary stock dip.