P N Gadgil Jewellers Limited · NSE:PNGJL
P N Gadgil Jewellers — Q4 FY25 Earnings Presentation
53 slides from P N Gadgil Jewellers's earnings presentation, May 15, 2025
Slide 1: Intimation of Investor Presentation to exchanges
CID PNG JEWELLERS Date: May 15, 2025 To, To, BSE Limited, National Stock Exchange of India Limited, Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block-G, BKC, Dalal Street, Mumbai – 400001 Bandra (East), Mumbai – 400051 Scrip Code: 544256 Symbol: PNGJL Subject: Investor Presentation Dear Sir/Mada
Slide 2: P N Gadgil Jewellers Limited Investor Presentation - May 2025
P N Gadgil Jewellers Limited Investor Presentation - May 2025
Slide 3: Disclaimer
Disclaimer ■ This presentation and the accompanying slides (the “Presentation”), which have been prepared by P N Gadgil Jewellers Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any
Slide 4: Agenda
Agenda 01 02 03 04 05 Company Investment Strategic Q4FY25 Financial Overview Highlights Overview Highlights Overview 3 Investor Presentation – Q4FY25
Slide 5: From 1832 to Today: The Evolution of PNG Jewellers
From 1832 to Today: The Evolution of PNG Jewellers 1832: 2008-2019: 2020-2022: Resilience 2023-2025: Era of Rich Legacy Acceleration Phase Shown in Covid Phase Expansion & Recognition ➢ 1832: Shri ➢ 2008: Launched the first showroom “PNG ➢ 2020: "MOTHERINDIA", best ad- Ganesh Narayan Jewellers INC”
Slide 6: P N Gadgil Jewellers: Maharashtra's Most Trusted Jewellers
P N Gadgil Jewellers: Maharashtra’s Most Trusted Jewellers Known for embracing consumer One of India’s oldest and most friendly practices like hallmarking and trusted jewellery brands quality standards Caters to diverse occasions, from Family-run business with a weddings to daily wear and legacy of
Slide 7: P N Gadgil Jewellers at a Glance
P N Gadgil Jewellers at a Glance ~192 6th 0.5 Mn 45,452 Average Revenue per Total SKU’s Years of Presence Generations Business Sq Ft for FY25 53 27 1,451.6 Mn 8% Average Revenue per Approx. Stud Ratio for No. of Stores Cities Presence in World Store for FY25 Q4FY25 77.0 K 26.5% 1,65,260 sq ft Averag
Slide 8: Agenda
Agenda 01 02 03 04 05 Company Investment Strategic Q4FY25 Financial Overview Highlights Overview Highlights Overview 7 Investor Presentation – Q4FY25
Slide 9: Brief Overview
Brief Overview P N Gadgil Jewellers is the second largest among the prominent 01 organized jewellery players in Maharashtra, in terms of number of stores Fastest growing jewellery brand amongst the key organized 02 jewellery players in India One-Stop-Shop with wide range of jewellery products includ
Slide 10: Golden Growth: Unlocking the Potential of India's Jewellery Market
Golden Growth: Unlocking the Potential of India's Jewellery Market • Jewellery market contributes 7% to India’s GDP and 15.7% to Share of Organized Jewellery in Retail Market is Rising 2nd 850 Tn India’s total merchandise exports Organised Unorganised Largest gold market in Average gold consumption
Slide 11: Emerging Opportunities and Consumer Preferences in India's Premium Jewellery Market
Emerging Opportunities and Consumer Preferences in India's Premium Jewellery Market Opportunities for growth in India's luxury jewellery sector Factors Driving Preferences For Jewellery Purchases India: A Global Luxury Rising HNI Concentration Post-Pandemic Luxury Bright Spot Fuels Demand Recovery •
Slide 12: Understanding Gold Retail: Insights and Trends
Understanding Gold Retail: Insights and Trends Seasonal and regional factors to drive demand Unique Advantages of Gold Retailing Breakup of gold consumption by jewellery, bars and coins in India (by value) Gold jewellery holds aspirational value in India Marriage Seasons: 34% 38% Gold, whether sold
Slide 13: Shifting Consumer Trends: A Turning Point for the Indian Jewellery Market
Shifting Consumer Trends: A Turning Point for the Indian Jewellery Market Young consumers prefer lightweight jewellery with trendy 01 designs Shift towards “consumption of jewellery” rather than pure 02 “investment” Frequency of purchase by consumers have gone up due to rising 03 disposable income I
Slide 14: Our Focus on Maharashtra - A land of limitless opportunities
Our Focus on Maharashtra - A land of limitless opportunities Maharashtra Is The Preferred Retail Jewellery Market In India Maharashtra leads India in Mumbai has the highest total retail spending, number of BIS-registered gold accounting for around 15% or jewellery stores in India at USD140b in FY23
Slide 15: Maximizing Brand Presence through Strategic Store Placement
Maximizing Brand Presence through Strategic Store Placement The Company expanded its international Maharashtra presence by launching a store in Sunnyvale, California, USA, in August 2008 Maharashtra and Goa combined Akola Nagpur (Itwari) contribute 15% to GDP and 16% to Gold Nagpur (Abhyankar Nagar)
Slide 16: Strategically Selected Store Locations Covering Our Target Consumers
Strategically Selected Store Locations Covering Our Target Consumers Company Stores Company Stores Franchise Stores Location Open Area (sq. ft) Location Open Area (sq. ft) Location Open Area (sq. ft) Laxmi Road (Gold) Feb-58 4,536 Aundh Jul-23 4,080 Pimple Saudagar Oct-18 2,660 Paud Oct-01 4,292 Nag
Slide 17: A Glimpse of Our Current Stores
A Glimpse of Our Current Stores Investor Presentation – Q4FY25 0 16
Slide 18: We Dominate Gold Jewellery Segment in our Catchment Markets
We Dominate Gold Jewellery Segment in our Catchment Markets with Growing Momentum in Studded Jewellery Gold Products Diamond Products Other Products Earrings Rings Pendant Earrings Rings Necklace Silver Article Coin Rakhi Necklace Bracelet Mangalsutra Pendant Mangalsutra Bracelet Diya Painjan Vedhan
Slide 19: Gold Jewellery Collections Targeting Different Occasions
Gold Jewellery Collections Targeting Different Occasions The Golden Katha of Brands Saptam Swarajya Rings of Love Flip LiteStyle Craftsmanship ₹ 500,000 to ₹ 450,000 to ₹ 25,000 to ₹ 300,000 to ₹ 500,000 to ₹ 6,500 to Price Spectrum ₹ 1,250,000 ₹ 2,000,000 ₹ 70,000 ₹ 1,000,000 ₹ 800,000 ₹ 300,000 Re
Slide 20: Gold, Diamond & Platinum Jewellery Collections Targeting Different Occasions
Gold, Diamond & Platinum Jewellery Collections Targeting Different Occasions Brands Pratha Yoddha Eiina PNG Solitaire Men of Platinum Evergreen Love ₹ 550,000 to ₹ 50,000 to ₹ 750,000 to ₹ 110,000 to ₹ 150,000 to ₹ 17,000 to Price Spectrum ₹ 1,350,000 ₹ 4,00,000 ₹ 1,750,000 ₹ 1,700,000 ₹ 300,000 ₹ 6
Slide 21: Our Brand Ambassadors: Icons of Elegance and Tradition
Our Brand Ambassadors: Icons of Elegance and Tradition Brand Ambassadors Celebrity Endorsements Bhagyashree Limaye Sonalee Kulkarni Shreya Bugade Madhuri Dixit Mukta Barve Swapnil Joshi & Tejaswini Pandit 20 Investor Presentation – Q4FY25
Slide 22: Customer First Approach: Offering Top Value-Added Schemes
“Customer First” Approach: Offering Top Value-Added Schemes Future Purchase Plan (FPP) Dajikaka Promise Plan (DPP) Golden Gain Plan (GGP) Suvarna Laxmi Labh Plan (SLLP) Future Purchase Plan is designed Dajikaka Promise Plan is an one- Golden Gain Plan is designed for The Suvarna Laxmi Labh plan for
Slide 23: Streamlined operations with Standardized processes
Streamlined operations with Standardized processes allow us scale new stores with quick “time-to-market” Inventory Design Procurement Quality Control Management A constantly evolving design library, Store-Level Procurement Hallmark, finish, polish & PNG Implemented Acme ERP to track strengthened by
Slide 24: Well-Established Brand in Maharashtra
Well-Established Brand in Maharashtra Innovative Designs for Individual Legacy & Heritage Requirements ➢ Strong brand recall and presence in Maharashtra ➢ Regular interactions with team for designes ➢ Leveraged the knowledge and deployed at the Karigars’ understanding of customer preferences to ➢ In
Slide 25: Effective Marketing Strategy with Proven Strong ROI
Effective Marketing Strategy with Proven Strong ROI Advertisement Strategy Branding Strategy Digital Marketing Strategy Location Based Targeting Brand Ambassadors Social Media Presence ➢ Established ‘Parampara Exhibition’ to create brand ➢ Our brand ambassador Madhuri Dixit beautifully ➢ Driving cus
Slide 26: Our Passionate and Experienced Management Team
Our Passionate and Experienced Management Team Dr. Saurabh Gadgil Mr. Kiran Firodiya Mr. Parag Gadgil Mrs. Radhika S Gadgil (Chairman and Managing Director) (Executive Director & Group CFO) (Executive Director) (Executive Director) • CA by profession, and holds an MBA degree • Bachelor’s degree in c
Slide 27: Our E-commerce Footprint: Present Marketplaces and Future Frontiers
Our E-commerce Footprint: Present Marketplaces and Future Frontiers pngjewellers.com Tata Cliq Amazon Ajio Flipkart Myntra Future Target Channels Click here to explore our website: www.pngjewellers.com 26 Investor Presentation – Q4FY25
Slide 28: Regular Coverage by Top Media Houses in the Country
Regular Coverage by Top Media Houses in the Country Einna collection in Maharashtra Exclusive jewellery brand to bag Great Saptam collection in Loksatta Katha collection in The Times of India Most awarded jeweller in Maharashtra Times Pune Plus Place to Work award twice Advertisement on Hotstar Adve
Slide 29: Regular Coverage by Top Media Houses in the Country
Regular Coverage by Top Media Houses in the Country Interview with Pune Mirror 28 Investor Presentation – Q4FY25
Slide 30: Rich Accolades and Awards Won
Rich Accolades and Awards Won For Multiple Successful Milestones in Retail Business & Jewellery Excellence Key Awards Q3 FY25 Social Media Campaign of the Icon of the Jewellery Industry India's Coolest Store - THE COOLEST Peter Drucker Management Jewel of West Award by Year 2024 2024 Award by GJS ST
Slide 31: Some of Our Movie Associations
Some of Our Movie Associations Investor Presentation – Q4FY25 0 30
Slide 32: Agenda
Agenda 01 02 03 04 05 Company Investment Strategic Q4FY25 Financial Overview Highlights Overview Highlights Overview 31 Investor Presentation – Q4FY25
Slide 33: Key Business Strategies
Key Business Strategies 1 Expand the retail network ▪ To leverage the brand recall in Maharashtra to further penetrate in Tier II cities in western India, where the penetration of the organized in western India by jewellery sector is particularly low leveraging the brand ▪ Also intend to use the bra
Slide 34: Our Growth Strategy to Expanding Beyond Maharashtra
Our Growth Strategy to Expanding Beyond Maharashtra: A Roadmap for National Growth 1 2 3 Pan India Scaling to Accelerated Store Roll- Online Expansion Create a National out Plan Strategy brand Leveraging our dominance in Western India Creating a footprint across the country Expanding digital platfor
Slide 35: Expanding Horizons with LiteStyle by PNG
Expanding Horizons with LiteStyle by PNG: Jewellery for the Go-Getters LiteStyle by PNG Jewellers is created for the modern, ambitious & dynamic generation that's always on the move. Whether conquering boardrooms or networking at social events, this generation needs jewellery that complements their
Slide 36: Agenda
Agenda 01 02 03 04 05 Company Investment Strategic Q4FY25 Financial Overview Highlights Overview Highlights Overview 35 Investor Presentation – Q4FY25
Slide 37: Consolidated Financial Performance in Q4 FY25 & FY25
Consolidated Financial Performance in Q4 FY25 & FY25 Q4 FY25 FY25 Revenue Revenue 5.0% 25.9% INR 15,882.24 Mn INR 76,934.68 Mn EBITDA EBITDA 19.7% 33.2% INR 1,090.43 Mn INR 3,709.54 Mn +90 Bps EBITDA Margins EBITDA Margins +20 Bps 6.9 % 4.8 % PAT PAT 12.9% 40.7% INR 619.90 Mn INR 2,182.68 Mn PAT Mar
Slide 38: Performance Highlights Across Key Metrics
Performance Highlights Across Key Metrics Revenue (INR Mn) EBITDA (INR Mn) +5.0% +19.7% 15,882 1,090 15,120 911 Q4FY24 Q4FY25 Q4FY24 Q4FY25 PAT (INR Mn) Store Count +12.9% +47.2% 620 COCO FOCO 12 549 11 41 25 Q4FY24 Q4FY25 FY24 FY25 37 Investor Presentation – Q4FY25
Slide 39: Segmental Performance Highlights
Segmental Performance Highlights Retail (INR Mn) E-commerce (INR Mn) +50.1% +243.7% 12,933 907 8,617 264 Q4FY24 Q4FY25 Q4FY24 Q4FY25 Franchisee (INR Mn) Other (INR Mn) +37.2% -96.3% 1,852 4,869 1,350 181 Q4 FY24 Q4 FY25 Q4 FY24 Q4 FY25 Note - The 'Others' segment pertains to B2B bullion sales, parti
Slide 40: Quarterly Consolidated Income Statement
Quarterly Consolidated Income Statement Particulars (INR Mn) Q4 FY25 Q4 FY24 Y-o-Y Q3 FY25 Q-o-Q FY25 FY24 Y-o-Y Revenue from Operations 15,882.24 15,120.16 5.0% 24,357.51 -34.8% 76,934.68 61,120.22 25.9% Other Income 149.25 21.55 70.02 351.16 71.85 Total Income 16,031.49 15,141.71 5.9% 24,427.53 -3
Slide 41: Quarterly Standalone Income Statement
Quarterly Standalone Income Statement Particulars (INR Mn) Q4 FY25 Q4 FY24 Y-o-Y Q3 FY25 Q-o-Q FY25 FY24 Y-o-Y Revenue from Operations 15,742.46 14,978.17 5.1% 24,068.48 -34.6% 76,305.49 60,319.97 26.5% Other Income 148.27 20.66 77.35 298.41 56.95 Total Income 15,890.73 14,998.83 5.9% 24,145.83 -34.
Slide 42: Commitments Fulfilled: Key Milestones Achieved by Q4 FY25
Commitments Fulfilled: Key Milestones Achieved by Q4 FY25 Commitment Achievement Progress Store Expansion (12 Stores planned by FY26) 13 stores launched by FY25. 100% Achieved Bank Restructuring Facilities ₹3,000M repaid term loan & CC 100% Achieved Hedging 100% Effective hedged by Mar25 100% Achiev
Slide 43: Q4 FY25 Milestone: Strengthening Our Retail Footprint with New Stores
Q4 FY25 Milestone: Strengthening Our Retail Footprint with 5 New Stores Laxmi Road, Pune Chinchwad Satara Large Format Store – 2,662 Sq ft Large Format Store – 4,294 Sq ft Large Format Store – 3,142 Sq ft 42 Investor Presentation – Q4FY25
Slide 44: Q4 FY25 Milestone: Strengthening Our Retail Footprint with New Stores
Q4 FY25 Milestone: Strengthening Our Retail Footprint with 5 New Stores Solapur Talegaon Launched New Mumbai Office Large Format Store – 6,200 Sq ft Large Format Store – 3,750 Sq ft 43 Investor Presentation – Q4FY25
Slide 45: Agenda
Agenda 01 02 03 04 05 Company Investment Strategic Q4FY25 Financial Overview Highlights Overview Highlights Overview 44 Investor Presentation – Q4FY25
Slide 46: Growth in Key Ratios
Growth in Key Ratios Consistent growth in revenues with operational efficiencies leading to increase in EBITDA and PAT Revenue (INR Mn) EBITDA (INR Mn) and EBITDA Margin (%) PAT (INR Mn) and PAT Margin (%) 76,935 3,710 2,183 61,120 2,785 1,551 45,073 4.8% 1,743 4.6% 935 2.8% 2.5% 3.9% 2.1% FY23 FY24
Slide 47: Consolidated Income Statement
Consolidated Income Statement Particulars (INR Mn) FY23 FY24 FY25 Revenue from Operations 45,072.59 61,120.22 76,934.68 Other Income 517.92 71.85 351.16 Total Income 45,590.51 61,192.07 77,285.84 Total Raw Material 41,454.25 55,972.06 69,898.38 Gross Profit 3,618.34 5,148.16 7,036.30 Gross Profit Ma
Slide 48: Standalone Income Statement
Standalone Income Statement Particulars (INR Mn) FY23 FY24 FY25 Revenue from Operations 43,966.71 60,319.97 76,305.49 Other Income 70.68 56.95 298.41 Total Income 44,037.39 60,376.92 76,603.90 Total Raw Material 40,530.10 55,335.60 69,442.13 Gross Profit 3,436.61 4,984.37 6,863.37 Gross Profit Margi
Slide 49: Consolidated Balance Sheet
Consolidated Balance Sheet ASSETS (INR Mn) Mar-23 Mar-24 Mar-25 EQUITY AND LIABILITIES ( (INR Mn) Mar-23 Mar-24 Mar-25 Non-current assets (a) Equity share capital 1,180.00 1,180.00 1,357.08 Property, plant and equipment 1,415.07 1,501.99 1,871.03 (b) Other equity 2,547.89 4,164.40 14,182.30 Capital
Slide 50: Standalone Balance Sheet
Standalone Balance Sheet ASSETS (INR Mn) Mar-23 Mar-24 Mar-25 EQUITY AND LIABILITIES ( (INR Mn) Mar-23 Mar-24 Mar-25 Non-current assets (a) Equity share capital 1,180.00 1,180.00 1,357.08 Property, plant and equipment 1,362.19 1,457.16 1,812.59 (b) Other equity 2,823.07 4,338.91 14,328.78 Capital wo
Slide 51: Consolidated Cashflow Statement
Consolidated Cashflow Statement Particulars (INR Mn) Mar-23 Mar-24 Mar-25 Cash Flow from Operating Activities Profit before Tax 1,178.27 2,094.41 2,931.05 Adjustment for Non-Operating Items 1,043.24 855.17 676.28 Operating Profit before Working Capital Changes 2,221.51 2,949.58 3,607.33 Changes in W
Slide 52: Standalone Cashflow Statement
Standalone Cashflow Statement Particulars (INR Mn) Mar-23 Mar-24 Mar-25 Cash Flow from Operating Activities Profit before Tax 793.86 2,084.30 2,895.25 Adjustment for Non-Operating Items 1,004.47 649.07 576.49 Operating Profit before Working Capital Changes 1,798.32 2,733.37 3,471.74 Changes in Worki
Slide 53: Thank You
Company : Thank P N Gadgil Jewellers Limited CIN: L36912PN2013PLC149288 Email ID: secretarial@pngadgil.com Tel: +91 020 4478474 Website: www.pngjewellers.com Y U Investor Relations Partner : X-B4 Advisory LLP Rasika Sawant Tel: +91 95944 57518 Email ID: rasika@x-b4.com Website: www.x-b4.com