Company Financial Rusult In Crore

PERIOD	ASSET	REVENUE	PROFIT
31-Mar-2024	1464.98	6119.10	154.34
31-Mar-2023	1062.55	4559.31	93.70
31-Mar-2022	1110.24	2586.31	69.52

About P N Gadgil Jewellers Limited

P N Gadgil Jewellers Limited was established in 2013 and offers a wide range of precious metal/jewelry products including gold, silver, platinum, and diamond jewelry under its brand name "PNG" in various price ranges and designs.

As of December 31, 2023, the Company has 8 sub-brands offering gold jewelry collections for various occasions, namely Saptam, Swarajya, Rings of Love, The Golden Katha of Craftmanship, Flip, Litestyle, Pratha and Yoddha, two sub-brands offering diamond jewelry collections, namely Eiina and PNG Solitaire, and two sub-brands offering platinum jewelry collections, namely Men of Platinum and Evergreen Love. The company also offers its customers the option of having jewelry made to measure.

As of December 31, 2023, the Company had grown to 33 stores, including 32 stores across 18 cities in Maharashtra and Goa and one store in the US with a total retail space of approximately 95,885 sq. ft. All stores are operated and managed by the company, with 23 stores owned by the company and 10 stores operated by franchisees under the FOCO (franchisee-owned and company-operated) model. Of these stores, 19 are large format (2,500 sq. ft. or more), 11 are medium format (between 1,000 sq. ft. to 2,500 sq.ft.) and 3 are small format (less than 1,000 sq. ft.).

As of September 30, 2023, the company had 1,152 employees.

P N GADGIL JEWELLERS - Strength and Weakness

Strength

• P N Gadgil Jewellers Limited boasts a well-established and trusted legacy brand in Maharashtra. With 33 stores, the company offers a diverse range of designs and products across gold, diamond, silver, and platinum, catering to various occasions and preferences.
• As the second largest organised retail jewellery player in Maharashtra, P N Gadgil Jewellers Limited is strategically positioned for growth. With a focus on expanding its footprint in Tier II and Tier III cities, the company aims to capitalise on the vast market potential in Maharashtra. The Indian jewellery retail sectors expected growth also presents ample opportunities for the company to solidify its market presence.
• The companys diverse product portfolio, comprising over 10,000 SKUs in gold, 1,200 SKUs in silver, 2,700 SKUs in platinum, and 24,000 SKUs in diamond jewellery designs, caters to a wide range of customer preferences and price points. Utilising its brand strength and understanding of consumer needs in Maharashtra, P N Gadgil Jewellers Limited curates designs that resonate with local tastes while also appealing to broader consumer segments.
• Backed by an experienced senior management team, the company has achieved robust financial growth, evidenced by significant increases in revenue, profit, and operational efficiency over the years. This strong financial performance underscores the companys effective capital utilisation and working capital management.

Weakness

• Ineffective management or expansion of the retail network, coupled with challenges in executing growth strategies, may lead to underperforming new stores, thereby negatively affecting business prospects, financial stability, and operational results.
• Operating in a highly competitive market with established players offering competitive prices based on market trends and customer preferences poses a challenge to P N Gadgil Jewellers Limiteds market share and profitability.
• The company does not own the trademark for its key flagship PNG brand, relying instead on permissions from P N Gadgil Jewellers. This dependency poses a risk to the companys branding and licensing flexibility.
• With a primary focus on Maharashtra and significant revenue reliance on the top five stores in the region, any adverse developments affecting this area could negatively impact the companys business prospects, financial condition, and operational results.

 

 

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