PN Gadgil Jewellers reports a 59% rise in net profit due to festive demand and lower gold duties.

PN Gadgil Jewellers saw a significant boost in their financials for the quarter ending September 2024, reporting a 59% jump in net profit to Rs 34.91 crore and a 46% rise in revenue to Rs 2,001.31 crore. The growth is attributed to festive demand, reduced gold import duties, and strong sales during their flagship event, Maha Mangalsutra Mahotsav. These factors helped increase consumption and support the organized sector's growth.

November 12, 2024
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