The sharp spike in gold prices surely added some sheen to PN Gadgil Jewellers’ festive sales. The Maharashtra-based jewellery retailer registered a 74% year-on-year sales growth during the festive season. The jeweller posted total sales of Rs 606 crore during the Diwali season. On Dhanteras , the company saw its highest-ever single-day sale at Rs 277 crore. On a yearly basis, the company’s Dhanteras sales grew by 105 per cent.

Gold the big driver of festive sales

The company’s growth in the festive season was primarily driven by the gold segment, which saw a 74 per cent YoY revenue growth. The silver and diamond jewellery category also saw good growth in the season, growing by 90 per cent and 54 per cent YoY, respectively.

On a volume basis, the PN Gadgil sold a total of 390

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