The Company received an exceptional customer response, reflecting sustained consumer confidence and strong brand loyalty. The performance during the period was driven by strong demand across all the stores in Maharashtra and other states across India.
The Total Sales during the period amounted to ₹365 crore, with healthy contribution across all the categories.
The Gold segment emerged as the leading contributor, recording sales of ₹336 crore with volumes of 203 kg. This was followed by healthy traction in the silver category, which recorded sales of ₹7.4 crore with volumes of 274 kg, while the diamond category reported sales of ₹7.9 crore. The Other segment contributed ₹13.7 crore during the period.
Dr. Saurabh Gadgil, Chairman & Managing Director, commented
The Foundation Day sales contributed very positively to the business momentum and exceeded management expectations. This strong customer response, despite elevated gold prices, reflects the trust customers place in PNG Jewellers and the strength of our value focused offerings. We witnessed strong performance across our core western markets, complemented by robust traction in Madhya Pradesh, Uttar Pradesh, and Bihar. This response to the Foundation Day initiative has provided a positive start to the quarter. With ongoing wedding demand and the upcoming Gudi Padwa season, we are well placed to sustain the current momentum.