The sale of Navratri rose by 66% to RS 428 Crore, while only Dussehra only delivered the highest one -day festive sale of RS 190 Crore from the jeweler, an increase of 64% compared to a year earlier, the company said earlier today in a press release.
Gold remained the largest growth motor, with an increase of 64%, supported by an increase in diamond sales by 47% and a jump of 133% in the silver turnover. The question remained resilient despite a sharp rise in gold prices – an increase of more than 50% yej and 18% consecutive – with gold volumes that increase by 10% to 456 kg. Diamond and silver volumes also rose 53% and 64% respectively.
“While we go into the festive season, our focus on offering contemporary designs with the craftsmanship and service that PNG Jewelers is known for, while we are strengthening our presence in Pan India. We see this as a strong start to the festive neighborhood and are confident to build at the momentum,” the management added.
Chairman and director Dr. Saurabh Gadgil said: “Overlooking record sales during Navratri and Dussehra, with Dussehra who delivers our highest festive sale of one day ever, is a proud milestone for PNG jewelers. This milestone is the result of the festive spirit and the lasting band that we share with our customers.
Gold came forward again as the leader of growth, with diamond and silver that also contribute considerably. In accordance with the positive response to the ‘nine days of the last Navratri, nine shops campaign, we brought PNG jewelers even closer to our protectors to 6 exclusive PNG Jewelers showrooms and 4 litestyle shop-in-shop-shops, with more convenience and choicep nadgiles The last close by in the NSE. Shares of the company have increased by 15% in the last 6 months (Disclaimer: recommendations, suggestions, views and opinions of the experts are their own. These do not represent the opinion of economic times)
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