Archive · 16 Jun 2025
PN Gadgil Jewellers Plans ₹600 Crore Expansion Across India
PN Gadgil Jewellers, a jewelry company, is planning to open 25 new stores in some Indian states.
They're spending money to do this and hope to make more money this year.
They will have stores that they own and stores owned by others but run by them.
The company recently got money from selling shares.
They also plan to launch a new type of store called LiteStyle, which will sell affordable jewelry for younger people.
PN Gadgil Jewellers plans to invest ₹600 crore to open 25 stores in Uttar Pradesh, Bihar, and Madhya Pradesh.
The company will use both COCO and FOCO models for expansion.
PN Gadgil Jewellers became debt-free after raising ₹850 crore through an IPO last September.
The company expects a 20-25% increase in top line, reaching ₹9,000-₹9,500 crore this fiscal.
A new retail format, LiteStyle by PNG, will offer trendy, affordable jewellery.
- Who
- PN Gadgil Jewellers, a jewelry company.
- What
- PN Gadgil Jewellers is expanding its business by opening new stores and launching a new retail format.
- When
- The expansion is planned for this fiscal year.
- Where
- The new stores will be in Uttar Pradesh, Bihar, and Madhya Pradesh.
- Why
- To increase revenue and expand its market presence.
Franchise Partners
Company
Inventory Gains
Franchise Partners
Franchise partners will keep inventory gains due to gold price appreciation
Company
PN Gadgil Jewellers is expanding by investing in their business.
- Investment Amount
- ₹600 crore
- Number of New Stores
- 25
- Target Revenue
- ₹9,000-₹9,500 crore
- IPO Amount
- ₹850 crore
- New Retail Format
- LiteStyle by PNG
- Planned States
- Uttar Pradesh, Bihar, Madhya Pradesh
- Last fiscal revenue
- ₹7,693 crore