P N Gadgil Jewellers Ltd Share Price – NSE /  BSE

Diamond, Gems and Jewellery, Small Cap

The key domestic indices traded with decent gains in the afternoon trade. The Nifty traded above the 23,150 mark after hitting the day's low of 22,992.20 in early trade. Trading was volatile due to the weekly Nifty 50 F&O series expiry today.

Pharma, Metal, Realty shares advanced while PSU Bank, IT and FMCG shares declined.

At 13:25 IST, the barometer index, the S&P BSE Sensex, gained 356.01 points or 0.47% to 76,523.72. The Nifty 50 index added 112.45 points or 0.49% to 23,157.70.

In the broader market, the S&P BSE Mid-Cap index added 0.74%, and the S&P BSE Small-Cap index rose 0.42%.

The market breadth was positive. On the BSE, 2,283 shares rose and 1,541 shares fell. A total of 145 shares were unchanged.

Gainers & Losers:

Tata Steel (up 3.61%), Sun Pharmaceutical s Industries (up 3.16%), Cipla (up 2.61%), Bajaj Finserv (up 2.58%) and Bajaj Finance (up 2.50%) were the major Nifty gainers.

Adani Enterprises (down 2.27%), Hero Motorcorp (down 0.74%), Infosys (down 0.37%), HDFC Bank (down 0.25%) and Nestle India (down 0.21%) were the major Nifty losers.

Stocks in Spotlight:

Godrej Industries jumped 5.39% after the company's consolidated net profit rose 76.86% to Rs 188.20 crore on 34.39% increase in revenue from operations to Rs 4,824.83 crore in Q3 December 2024 over Q3 December 2023.

Honasa Consumer rallied 9.55% after the company's consolidated net profit increased marginally to Rs 26.02 crore in Q3 FY25, up 0.46% as compared with Rs 25.90 crore in Q3 FY24. Revenue from operations rose 6% to Rs 517.51 crore in Q3 FY25 as compared with Rs 488.21 crore posted in corresponding quarter last year.

SKF India slipped 2.87% after the firm reported a 17.1% decline in consolidated net profit to Rs 109.50 crore in Q3 FY25 as against Rs 132.15 crore posted in Q3 FY24. However, revenue from operations jumped 15% YoY to Rs 1,256.10 crore in the quarter ended 31 December 2024.

Suven Pharmaceuticals rallied 8.20% after the company’s consolidated net profit jumped 77.3% to Rs 82.88 crore in Q3 FY25 as compared with Rs 46.75 crore in Q3 FY24. Revenue from operations jumped 39.7% to Rs 307.15 crore in Q3 FY25 as compared with Rs 219.82 crore in Q3 FY24.

P N Gadgil Jewellers surged 10% after the company’s consolidated net profit jumped 49.36% to Rs 86.03 crore in Q3 FY25 as compared with Rs 57.60 crore in Q3 FY24 Revenue from operations jumped 23.51% YoY to Rs 2,435.75 crore in Q3 FY25..

Global Markets:

Most European market advanced as The U.K. economy grew by 0.1% in the fourth quarter, ahead of expectations for a 0.1% contraction, according to a preliminary estimate from the U.K.’s Office for National Statistics.

Investors are looking for Corporate results include those of Siemens, Nestle, Swisscom, Pernod Ricard, Orange, Unilever, Legrand, Ferrovial, Barclays, British American Tobacco, Commerzbank, Thyssenkrupp and Moncler, while Germany’s latest inflation rate is also due.

Asian stocks saw a mixed performance on Thursday. A surge in Chinese tech stocks, driven by enthusiasm for artificial intelligence, and news of potential deals in Japan's technology sector provided positive momentum. However, concerns about high U.S. inflation tempered gains.

Market sentiment was also boosted by reports of potential peace talks between Russia and Ukraine, raising hopes for an end to the protracted conflict. This news contributed to a drop in oil prices.

It was reported that both the Russian and Ukrainian presidents expressed a desire to resolve the conflict in separate phone calls, and that steps were being taken to initiate peace talks. This development followed reports that Ukraine would no longer pursue NATO membership, a key point of contention for Russia.

U.S. stocks fell overnight after stronger-than-anticipated consumer price index (CPI) data was released. The inflation figures lessened expectations of near-term interest rate cuts.

At the NYSE close, the Dow Jones Industrial Average decreased by 0.50%, the S&P 500 index fell by 0.27%, and the NASDAQ Composite index showed a slight gain of 0.03%.

The CPI increased by 0.5% month-over-month, while the core CPI rose by 0.4%. These results fueled concerns about persistent inflationary pressures. Analysts pointed to the upside surprise in the CPI report, noting that it contradicted earlier forecasts of moderating inflation.

Overall market sentiment remained cautious due to ongoing trade tensions, including recently implemented tariffs on commodity imports and the potential for retaliatory tariffs.

Individual stock performance saw CVS Health Corp. rallying by nearly 15%, and Gilead Sciences Inc. increasing by 7.5%.

Powered by Capital Market - Live News

The domestic equity benchmarks traded with significant gains in the mid-morning trade as inflation eased to a five-month low, according to data released by Ministry of Statistics & Programme Implementation (MoSPI). The Nifty traded above the 23,150 mark after hitting the day's low of 22,992.20 in early trade. Metal shares extended gains for the second day in a row. Trading was volatile due to the weekly Nifty 50 F&O series expiry today.

At 11:30 IST, the barometer index, the S&P BSE Sensex, gained 443.80 points or 0.58% to 76,618.96. The Nifty 50 index added 114.25 points or 0.63% to 23,189.50.

In the broader market, The S&P BSE Mid-Cap index jumped 1.14%, and the S&P BSE Small-Cap index rallied 0.71%.

The market breadth was strong. On the BSE, 2,428 shares rose and 1,231 shares fell. A total of 150 shares were unchanged.

Economy:

India’s retail inflation, based on the Consumer Price Index (CPI), eased to a five-month low of 4.31% in January 2025, mainly due to lower food prices, according to official data released on Wednesday. CPI-based retail inflation was 5.22% in December and 5.1% in January 2024.

India’s industrial production growth, measured by the Index of Industrial Production (IIP) eased to 3.2% in December, down from a 6-month high of 5.2% in the previous month, according to data released by Ministry of Statistics & Programme Implementation (MoSPI). The slowdown was largely due to weaker manufacturing activity, which grew 3% in December compared to 5.5% in November.

IPO Update:

The initial public offer (IPO) of Hexaware Technologies received bids for 37,80,903 shares as against 9,14,23,354 shares on offer, according to stock exchange data at 11:15 IST on 13 February 2024. The issue was subscribed to 0.04 times.

The issue opened for bidding on 12 February 2024 and it will close on 14 February 2024. The price band of the IPO is fixed between Rs 674 and Rs 708 per share. An investor can bid for a minimum of 21 equity shares and in multiples thereof.

Buzzing Index:

The Nifty Metal index jumped 1.79% to 8,416.80. The index rallied 2.47% in two consecutive trading sessions.

Steel Authority of India (up 4.12%), Welspun Corp (up 3.51%), Tata Steel (up 3.42%), Hindustan Copper (up 2.81%), Jindal Steel & Power (up 2.59%), JSW Steel (up 2.36%), NMDC (up 1.94%), APL Apollo Tubes (up 1.83%), Vedanta (up 1.74%) and National Aluminium Company (up 1.66%) advanced.

On the other hand, Adani Enterprises (down 0.89%), Hindustan Zinc (down 0.11%) and Ratnamani Metals & Tubes (down 0.07%) edged lower.

Stocks in Spotlight:

P N Gadgil Jewellers hit an upper circuit of 10% after the company’s consolidated net profit jumped 49.36% to Rs 86.03 crore in Q3 FY25 as compared with Rs 57.60 crore in Q3 FY24. Revenue from operations jumped 23.51% YoY to Rs 2,435.75 crore in Q3 FY25.

ITD Cementation India shed 0.89%. The company’s consolidated net profit jumped 10.75% to Rs 87.04 crore on 11.28% rise in revenue from operations to Rs 2,244.86 crore in Q3 FY25 over Q3 FY24.

Balaji Amines declined 2.68% after the company’s consolidated net profit slipped 17.79% to Rs 33.19 crore on 18.42% drop in revenue from operations to Rs 312.73 crore in Q3 FY25 over Q3 FY24.

Global Markets:

Asian stocks saw a mixed performance on Thursday. A surge in Chinese tech stocks, driven by enthusiasm for artificial intelligence, and news of potential deals in Japan's technology sector provided positive momentum. However, concerns about high U.S. inflation tempered gains.

Market sentiment was also boosted by reports of potential peace talks between Russia and Ukraine, raising hopes for an end to the protracted conflict. This news contributed to a drop in oil prices.

It was reported that both the Russian and Ukrainian presidents expressed a desire to resolve the conflict in separate phone calls, and that steps were being taken to initiate peace talks. This development followed reports that Ukraine would no longer pursue NATO membership, a key point of contention for Russia.

U.S. stocks fell overnight after stronger-than-anticipated consumer price index (CPI) data was released. The inflation figures lessened expectations of near-term interest rate cuts.

At the NYSE close, the Dow Jones Industrial Average decreased by 0.50%, the S&P 500 index fell by 0.27%, and the NASDAQ Composite index showed a slight gain of 0.03%.

The CPI increased by 0.5% month-over-month, while the core CPI rose by 0.4%. These results fueled concerns about persistent inflationary pressures. Analysts pointed to the upside surprise in the CPI report, noting that it contradicted earlier forecasts of moderating inflation.

Overall market sentiment remained cautious due to ongoing trade tensions, including recently implemented tariffs on commodity imports and the potential for retaliatory tariffs.

Individual stock performance saw CVS Health Corp. rallying by nearly 15%, and Gilead Sciences Inc. increasing by 7.5%.

Powered by Capital Market - Live News

Revenue from operations jumped 23.51% YoY to Rs 2,435.75 crore in Q3 FY25.

EBITDA stood at Rs 129.77 crore in the quarter ended 31st December 2024, registering the growth of 37.2% as compared with Rs 94.58 crore in Q3 FY24. EBITDA margin stood at 5.3% in Q3 FY25 as against 4.8% posted in same quarter last year.

Revenue per store stood at around Rs 127.2 crore while net profit per store reached Rs 3.25 crore, demonstrating strong efficiency and profitability at the store level.

Revenue from retail segment jumped 41.8% to Rs 1,878.8 crore in Q3 FY25, up 41.8% as compared with Rs 1,325 crore in Q3 FY24. Retail segment is 77% of the total sales.

In Q3 FY25, the company’s E‐commerce segment experienced exceptional growth, with revenue increasing to Rs 70.5 crore, a 97.9% rise. Revenue from Franchise segment grew to Rs 226.4 crore, with an 86.6% increase for Q3 FY25.

The company said that strong same-store sales growth (SSSG) of 25.7% continues to drive sustained growth.

Dr. Saurabh Gadgil, chairman & managing director, P N Gadgil Jewellers, said, “Our strong Q3 FY25 performance reflects the continued trust of our customers and the strength of our retail presence. With record-high monthly revenue, robust same-store sales growth, and increasing customer engagement, we remain focused on enhancing our offerings and expanding our footprint.

The successful launch of nine showrooms across nine consecutive days during Navratri underscores our commitment to growth, taking our store count to 48, with plans to reach 53 by Q4 FY25. The growth in all segments-retail, ecommerce, and franchise-reinforces our strategy and positions us well for sustained momentum in the coming quarters.”

P N Gadgil is the second-largest jewellery player in Maharashtra in terms of the number of stores as of January 2024. A wide range of precious metal and jewelry products include gold, silver, platinum, and diamond jewelry across various price ranges and designs. The products are primarily sold under the flagship brand, PNG, as well as various sub-brands, through multiple channels, including retail stores, various online marketplaces, and own website.

Powered by Capital Market - Live News

The domestic equity benchmarks traded with significant gains in the mid-morning trade as inflation eased to a five-month low, according to data released by Ministry of Statistics & Programme Implementation (MoSPI). The Nifty traded above the 23,150 mark after hitting the day's low of 22,992.20 in early trade. Metal shares extended gains for the second day in a row. Trading was volatile due to the weekly Nifty 50 F&O series expiry today.

At 11:30 IST, the barometer index, the S&P BSE Sensex, gained 443.80 points or 0.58% to 76,618.96. The Nifty 50 index added 114.25 points or 0.63% to 23,189.50.

In the broader market, The S&P BSE Mid-Cap index jumped 1.14%, and the S&P BSE Small-Cap index rallied 0.71%.

The market breadth was strong. On the BSE, 2,428 shares rose and 1,231 shares fell. A total of 150 shares were unchanged.

Economy:

India’s retail inflation, based on the Consumer Price Index (CPI), eased to a five-month low of 4.31% in January 2025, mainly due to lower food prices, according to official data released on Wednesday. CPI-based retail inflation was 5.22% in December and 5.1% in January 2024.

India’s industrial production growth, measured by the Index of Industrial Production (IIP) eased to 3.2% in December, down from a 6-month high of 5.2% in the previous month, according to data released by Ministry of Statistics & Programme Implementation (MoSPI). The slowdown was largely due to weaker manufacturing activity, which grew 3% in December compared to 5.5% in November.

IPO Update:

The initial public offer (IPO) of Hexaware Technologies received bids for 37,80,903 shares as against 9,14,23,354 shares on offer, according to stock exchange data at 11:15 IST on 13 February 2024. The issue was subscribed to 0.04 times.

The issue opened for bidding on 12 February 2024 and it will close on 14 February 2024. The price band of the IPO is fixed between Rs 674 and Rs 708 per share. An investor can bid for a minimum of 21 equity shares and in multiples thereof.

Buzzing Index:

The Nifty Metal index jumped 1.79% to 8,416.80. The index rallied 2.47% in two consecutive trading sessions.

Steel Authority of India (up 4.12%), Welspun Corp (up 3.51%), Tata Steel (up 3.42%), Hindustan Copper (up 2.81%), Jindal Steel & Power (up 2.59%), JSW Steel (up 2.36%), NMDC (up 1.94%), APL Apollo Tubes (up 1.83%), Vedanta (up 1.74%) and National Aluminium Company (up 1.66%) advanced.

On the other hand, Adani Enterprises (down 0.89%), Hindustan Zinc (down 0.11%) and Ratnamani Metals & Tubes (down 0.07%) edged lower.

Stocks in Spotlight:

P N Gadgil Jewellers hit an upper circuit of 10% after the company’s consolidated net profit jumped 49.36% to Rs 86.03 crore in Q3 FY25 as compared with Rs 57.60 crore in Q3 FY24. Revenue from operations jumped 23.51% YoY to Rs 2,435.75 crore in Q3 FY25.

ITD Cementation India shed 0.89%. The company’s consolidated net profit jumped 10.75% to Rs 87.04 crore on 11.28% rise in revenue from operations to Rs 2,244.86 crore in Q3 FY25 over Q3 FY24.

Balaji Amines declined 2.68% after the company’s consolidated net profit slipped 17.79% to Rs 33.19 crore on 18.42% drop in revenue from operations to Rs 312.73 crore in Q3 FY25 over Q3 FY24.

Global Markets:

Asian stocks saw a mixed performance on Thursday. A surge in Chinese tech stocks, driven by enthusiasm for artificial intelligence, and news of potential deals in Japan's technology sector provided positive momentum. However, concerns about high U.S. inflation tempered gains.

Market sentiment was also boosted by reports of potential peace talks between Russia and Ukraine, raising hopes for an end to the protracted conflict. This news contributed to a drop in oil prices.

It was reported that both the Russian and Ukrainian presidents expressed a desire to resolve the conflict in separate phone calls, and that steps were being taken to initiate peace talks. This development followed reports that Ukraine would no longer pursue NATO membership, a key point of contention for Russia.

U.S. stocks fell overnight after stronger-than-anticipated consumer price index (CPI) data was released. The inflation figures lessened expectations of near-term interest rate cuts.

At the NYSE close, the Dow Jones Industrial Average decreased by 0.50%, the S&P 500 index fell by 0.27%, and the NASDAQ Composite index showed a slight gain of 0.03%.

The CPI increased by 0.5% month-over-month, while the core CPI rose by 0.4%. These results fueled concerns about persistent inflationary pressures. Analysts pointed to the upside surprise in the CPI report, noting that it contradicted earlier forecasts of moderating inflation.

Overall market sentiment remained cautious due to ongoing trade tensions, including recently implemented tariffs on commodity imports and the potential for retaliatory tariffs.

Individual stock performance saw CVS Health Corp. rallying by nearly 15%, and Gilead Sciences Inc. increasing by 7.5%.

Powered by Capital Market - Live News

Revenue from operations jumped 23.51% YoY to Rs 2,435.75 crore in Q3 FY25.

EBITDA stood at Rs 129.77 crore in the quarter ended 31st December 2024, registering the growth of 37.2% as compared with Rs 94.58 crore in Q3 FY24. EBITDA margin stood at 5.3% in Q3 FY25 as against 4.8% posted in same quarter last year.

Revenue per store stood at around Rs 127.2 crore while net profit per store reached Rs 3.25 crore, demonstrating strong efficiency and profitability at the store level.

Revenue from retail segment jumped 41.8% to Rs 1,878.8 crore in Q3 FY25, up 41.8% as compared with Rs 1,325 crore in Q3 FY24. Retail segment is 77% of the total sales.

In Q3 FY25, the company’s E‐commerce segment experienced exceptional growth, with revenue increasing to Rs 70.5 crore, a 97.9% rise. Revenue from Franchise segment grew to Rs 226.4 crore, with an 86.6% increase for Q3 FY25.

The company said that strong same-store sales growth (SSSG) of 25.7% continues to drive sustained growth.

Dr. Saurabh Gadgil, chairman & managing director, P N Gadgil Jewellers, said, “Our strong Q3 FY25 performance reflects the continued trust of our customers and the strength of our retail presence. With record-high monthly revenue, robust same-store sales growth, and increasing customer engagement, we remain focused on enhancing our offerings and expanding our footprint.

The successful launch of nine showrooms across nine consecutive days during Navratri underscores our commitment to growth, taking our store count to 48, with plans to reach 53 by Q4 FY25. The growth in all segments-retail, ecommerce, and franchise-reinforces our strategy and positions us well for sustained momentum in the coming quarters.”

P N Gadgil is the second-largest jewellery player in Maharashtra in terms of the number of stores as of January 2024. A wide range of precious metal and jewelry products include gold, silver, platinum, and diamond jewelry across various price ranges and designs. The products are primarily sold under the flagship brand, PNG, as well as various sub-brands, through multiple channels, including retail stores, various online marketplaces, and own website.

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Net profit of P N Gadgil Jewellers rose 49.38% to Rs 86.04 crore in the quarter ended December 2024 as against Rs 57.60 crore during the previous quarter ended December 2023. Sales rose 23.51% to Rs 2435.75 crore in the quarter ended December 2024 as against Rs 1972.16 crore during the previous quarter ended December 2023.

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The key domestic indices traded with decent gains in the afternoon trade. The Nifty traded above the 23,150 mark after hitting the day's low of 22,992.20 in early trade. Trading was volatile due to the weekly Nifty 50 F&O series expiry today.

Pharma, Metal, Realty shares advanced while PSU Bank, IT and FMCG shares declined.

At 13:25 IST, the barometer index, the S&P BSE Sensex, gained 356.01 points or 0.47% to 76,523.72. The Nifty 50 index added 112.45 points or 0.49% to 23,157.70.

In the broader market, the S&P BSE Mid-Cap index added 0.74%, and the S&P BSE Small-Cap index rose 0.42%.

The market breadth was positive. On the BSE, 2,283 shares rose and 1,541 shares fell. A total of 145 shares were unchanged.

Gainers & Losers:

Tata Steel (up 3.61%), Sun Pharmaceutical s Industries (up 3.16%), Cipla (up 2.61%), Bajaj Finserv (up 2.58%) and Bajaj Finance (up 2.50%) were the major Nifty gainers.

Adani Enterprises (down 2.27%), Hero Motorcorp (down 0.74%), Infosys (down 0.37%), HDFC Bank (down 0.25%) and Nestle India (down 0.21%) were the major Nifty losers.

Stocks in Spotlight:

Godrej Industries jumped 5.39% after the company's consolidated net profit rose 76.86% to Rs 188.20 crore on 34.39% increase in revenue from operations to Rs 4,824.83 crore in Q3 December 2024 over Q3 December 2023.

Honasa Consumer rallied 9.55% after the company's consolidated net profit increased marginally to Rs 26.02 crore in Q3 FY25, up 0.46% as compared with Rs 25.90 crore in Q3 FY24. Revenue from operations rose 6% to Rs 517.51 crore in Q3 FY25 as compared with Rs 488.21 crore posted in corresponding quarter last year.

SKF India slipped 2.87% after the firm reported a 17.1% decline in consolidated net profit to Rs 109.50 crore in Q3 FY25 as against Rs 132.15 crore posted in Q3 FY24. However, revenue from operations jumped 15% YoY to Rs 1,256.10 crore in the quarter ended 31 December 2024.

Suven Pharmaceuticals rallied 8.20% after the company’s consolidated net profit jumped 77.3% to Rs 82.88 crore in Q3 FY25 as compared with Rs 46.75 crore in Q3 FY24. Revenue from operations jumped 39.7% to Rs 307.15 crore in Q3 FY25 as compared with Rs 219.82 crore in Q3 FY24.

P N Gadgil Jewellers surged 10% after the company’s consolidated net profit jumped 49.36% to Rs 86.03 crore in Q3 FY25 as compared with Rs 57.60 crore in Q3 FY24 Revenue from operations jumped 23.51% YoY to Rs 2,435.75 crore in Q3 FY25..

Global Markets:

Most European market advanced as The U.K. economy grew by 0.1% in the fourth quarter, ahead of expectations for a 0.1% contraction, according to a preliminary estimate from the U.K.’s Office for National Statistics.

Investors are looking for Corporate results include those of Siemens, Nestle, Swisscom, Pernod Ricard, Orange, Unilever, Legrand, Ferrovial, Barclays, British American Tobacco, Commerzbank, Thyssenkrupp and Moncler, while Germany’s latest inflation rate is also due.

Asian stocks saw a mixed performance on Thursday. A surge in Chinese tech stocks, driven by enthusiasm for artificial intelligence, and news of potential deals in Japan's technology sector provided positive momentum. However, concerns about high U.S. inflation tempered gains.

Market sentiment was also boosted by reports of potential peace talks between Russia and Ukraine, raising hopes for an end to the protracted conflict. This news contributed to a drop in oil prices.

It was reported that both the Russian and Ukrainian presidents expressed a desire to resolve the conflict in separate phone calls, and that steps were being taken to initiate peace talks. This development followed reports that Ukraine would no longer pursue NATO membership, a key point of contention for Russia.

U.S. stocks fell overnight after stronger-than-anticipated consumer price index (CPI) data was released. The inflation figures lessened expectations of near-term interest rate cuts.

At the NYSE close, the Dow Jones Industrial Average decreased by 0.50%, the S&P 500 index fell by 0.27%, and the NASDAQ Composite index showed a slight gain of 0.03%.

The CPI increased by 0.5% month-over-month, while the core CPI rose by 0.4%. These results fueled concerns about persistent inflationary pressures. Analysts pointed to the upside surprise in the CPI report, noting that it contradicted earlier forecasts of moderating inflation.

Overall market sentiment remained cautious due to ongoing trade tensions, including recently implemented tariffs on commodity imports and the potential for retaliatory tariffs.

Individual stock performance saw CVS Health Corp. rallying by nearly 15%, and Gilead Sciences Inc. increasing by 7.5%.

Powered by Capital Market - Live News

The domestic equity benchmarks traded with significant gains in the mid-morning trade as inflation eased to a five-month low, according to data released by Ministry of Statistics & Programme Implementation (MoSPI). The Nifty traded above the 23,150 mark after hitting the day's low of 22,992.20 in early trade. Metal shares extended gains for the second day in a row. Trading was volatile due to the weekly Nifty 50 F&O series expiry today.

At 11:30 IST, the barometer index, the S&P BSE Sensex, gained 443.80 points or 0.58% to 76,618.96. The Nifty 50 index added 114.25 points or 0.63% to 23,189.50.

In the broader market, The S&P BSE Mid-Cap index jumped 1.14%, and the S&P BSE Small-Cap index rallied 0.71%.

The market breadth was strong. On the BSE, 2,428 shares rose and 1,231 shares fell. A total of 150 shares were unchanged.

Economy:

India’s retail inflation, based on the Consumer Price Index (CPI), eased to a five-month low of 4.31% in January 2025, mainly due to lower food prices, according to official data released on Wednesday. CPI-based retail inflation was 5.22% in December and 5.1% in January 2024.

India’s industrial production growth, measured by the Index of Industrial Production (IIP) eased to 3.2% in December, down from a 6-month high of 5.2% in the previous month, according to data released by Ministry of Statistics & Programme Implementation (MoSPI). The slowdown was largely due to weaker manufacturing activity, which grew 3% in December compared to 5.5% in November.

IPO Update:

The initial public offer (IPO) of Hexaware Technologies received bids for 37,80,903 shares as against 9,14,23,354 shares on offer, according to stock exchange data at 11:15 IST on 13 February 2024. The issue was subscribed to 0.04 times.

The issue opened for bidding on 12 February 2024 and it will close on 14 February 2024. The price band of the IPO is fixed between Rs 674 and Rs 708 per share. An investor can bid for a minimum of 21 equity shares and in multiples thereof.

Buzzing Index:

The Nifty Metal index jumped 1.79% to 8,416.80. The index rallied 2.47% in two consecutive trading sessions.

Steel Authority of India (up 4.12%), Welspun Corp (up 3.51%), Tata Steel (up 3.42%), Hindustan Copper (up 2.81%), Jindal Steel & Power (up 2.59%), JSW Steel (up 2.36%), NMDC (up 1.94%), APL Apollo Tubes (up 1.83%), Vedanta (up 1.74%) and National Aluminium Company (up 1.66%) advanced.

On the other hand, Adani Enterprises (down 0.89%), Hindustan Zinc (down 0.11%) and Ratnamani Metals & Tubes (down 0.07%) edged lower.

Stocks in Spotlight:

P N Gadgil Jewellers hit an upper circuit of 10% after the company’s consolidated net profit jumped 49.36% to Rs 86.03 crore in Q3 FY25 as compared with Rs 57.60 crore in Q3 FY24. Revenue from operations jumped 23.51% YoY to Rs 2,435.75 crore in Q3 FY25.

ITD Cementation India shed 0.89%. The company’s consolidated net profit jumped 10.75% to Rs 87.04 crore on 11.28% rise in revenue from operations to Rs 2,244.86 crore in Q3 FY25 over Q3 FY24.

Balaji Amines declined 2.68% after the company’s consolidated net profit slipped 17.79% to Rs 33.19 crore on 18.42% drop in revenue from operations to Rs 312.73 crore in Q3 FY25 over Q3 FY24.

Global Markets:

Asian stocks saw a mixed performance on Thursday. A surge in Chinese tech stocks, driven by enthusiasm for artificial intelligence, and news of potential deals in Japan's technology sector provided positive momentum. However, concerns about high U.S. inflation tempered gains.

Market sentiment was also boosted by reports of potential peace talks between Russia and Ukraine, raising hopes for an end to the protracted conflict. This news contributed to a drop in oil prices.

It was reported that both the Russian and Ukrainian presidents expressed a desire to resolve the conflict in separate phone calls, and that steps were being taken to initiate peace talks. This development followed reports that Ukraine would no longer pursue NATO membership, a key point of contention for Russia.

U.S. stocks fell overnight after stronger-than-anticipated consumer price index (CPI) data was released. The inflation figures lessened expectations of near-term interest rate cuts.

At the NYSE close, the Dow Jones Industrial Average decreased by 0.50%, the S&P 500 index fell by 0.27%, and the NASDAQ Composite index showed a slight gain of 0.03%.

The CPI increased by 0.5% month-over-month, while the core CPI rose by 0.4%. These results fueled concerns about persistent inflationary pressures. Analysts pointed to the upside surprise in the CPI report, noting that it contradicted earlier forecasts of moderating inflation.

Overall market sentiment remained cautious due to ongoing trade tensions, including recently implemented tariffs on commodity imports and the potential for retaliatory tariffs.

Individual stock performance saw CVS Health Corp. rallying by nearly 15%, and Gilead Sciences Inc. increasing by 7.5%.

Powered by Capital Market - Live News

Revenue from operations jumped 23.51% YoY to Rs 2,435.75 crore in Q3 FY25.

EBITDA stood at Rs 129.77 crore in the quarter ended 31st December 2024, registering the growth of 37.2% as compared with Rs 94.58 crore in Q3 FY24. EBITDA margin stood at 5.3% in Q3 FY25 as against 4.8% posted in same quarter last year.

Revenue per store stood at around Rs 127.2 crore while net profit per store reached Rs 3.25 crore, demonstrating strong efficiency and profitability at the store level.

Revenue from retail segment jumped 41.8% to Rs 1,878.8 crore in Q3 FY25, up 41.8% as compared with Rs 1,325 crore in Q3 FY24. Retail segment is 77% of the total sales.

In Q3 FY25, the company’s E‐commerce segment experienced exceptional growth, with revenue increasing to Rs 70.5 crore, a 97.9% rise. Revenue from Franchise segment grew to Rs 226.4 crore, with an 86.6% increase for Q3 FY25.

The company said that strong same-store sales growth (SSSG) of 25.7% continues to drive sustained growth.

Dr. Saurabh Gadgil, chairman & managing director, P N Gadgil Jewellers, said, “Our strong Q3 FY25 performance reflects the continued trust of our customers and the strength of our retail presence. With record-high monthly revenue, robust same-store sales growth, and increasing customer engagement, we remain focused on enhancing our offerings and expanding our footprint.

The successful launch of nine showrooms across nine consecutive days during Navratri underscores our commitment to growth, taking our store count to 48, with plans to reach 53 by Q4 FY25. The growth in all segments-retail, ecommerce, and franchise-reinforces our strategy and positions us well for sustained momentum in the coming quarters.”

P N Gadgil is the second-largest jewellery player in Maharashtra in terms of the number of stores as of January 2024. A wide range of precious metal and jewelry products include gold, silver, platinum, and diamond jewelry across various price ranges and designs. The products are primarily sold under the flagship brand, PNG, as well as various sub-brands, through multiple channels, including retail stores, various online marketplaces, and own website.

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The domestic equity benchmarks traded with significant gains in the mid-morning trade as inflation eased to a five-month low, according to data released by Ministry of Statistics & Programme Implementation (MoSPI). The Nifty traded above the 23,150 mark after hitting the day's low of 22,992.20 in early trade. Metal shares extended gains for the second day in a row. Trading was volatile due to the weekly Nifty 50 F&O series expiry today.

At 11:30 IST, the barometer index, the S&P BSE Sensex, gained 443.80 points or 0.58% to 76,618.96. The Nifty 50 index added 114.25 points or 0.63% to 23,189.50.

In the broader market, The S&P BSE Mid-Cap index jumped 1.14%, and the S&P BSE Small-Cap index rallied 0.71%.

The market breadth was strong. On the BSE, 2,428 shares rose and 1,231 shares fell. A total of 150 shares were unchanged.

Economy:

India’s retail inflation, based on the Consumer Price Index (CPI), eased to a five-month low of 4.31% in January 2025, mainly due to lower food prices, according to official data released on Wednesday. CPI-based retail inflation was 5.22% in December and 5.1% in January 2024.

India’s industrial production growth, measured by the Index of Industrial Production (IIP) eased to 3.2% in December, down from a 6-month high of 5.2% in the previous month, according to data released by Ministry of Statistics & Programme Implementation (MoSPI). The slowdown was largely due to weaker manufacturing activity, which grew 3% in December compared to 5.5% in November.

IPO Update:

The initial public offer (IPO) of Hexaware Technologies received bids for 37,80,903 shares as against 9,14,23,354 shares on offer, according to stock exchange data at 11:15 IST on 13 February 2024. The issue was subscribed to 0.04 times.

The issue opened for bidding on 12 February 2024 and it will close on 14 February 2024. The price band of the IPO is fixed between Rs 674 and Rs 708 per share. An investor can bid for a minimum of 21 equity shares and in multiples thereof.

Buzzing Index:

The Nifty Metal index jumped 1.79% to 8,416.80. The index rallied 2.47% in two consecutive trading sessions.

Steel Authority of India (up 4.12%), Welspun Corp (up 3.51%), Tata Steel (up 3.42%), Hindustan Copper (up 2.81%), Jindal Steel & Power (up 2.59%), JSW Steel (up 2.36%), NMDC (up 1.94%), APL Apollo Tubes (up 1.83%), Vedanta (up 1.74%) and National Aluminium Company (up 1.66%) advanced.

On the other hand, Adani Enterprises (down 0.89%), Hindustan Zinc (down 0.11%) and Ratnamani Metals & Tubes (down 0.07%) edged lower.

Stocks in Spotlight:

P N Gadgil Jewellers hit an upper circuit of 10% after the company’s consolidated net profit jumped 49.36% to Rs 86.03 crore in Q3 FY25 as compared with Rs 57.60 crore in Q3 FY24. Revenue from operations jumped 23.51% YoY to Rs 2,435.75 crore in Q3 FY25.

ITD Cementation India shed 0.89%. The company’s consolidated net profit jumped 10.75% to Rs 87.04 crore on 11.28% rise in revenue from operations to Rs 2,244.86 crore in Q3 FY25 over Q3 FY24.

Balaji Amines declined 2.68% after the company’s consolidated net profit slipped 17.79% to Rs 33.19 crore on 18.42% drop in revenue from operations to Rs 312.73 crore in Q3 FY25 over Q3 FY24.

Global Markets:

Asian stocks saw a mixed performance on Thursday. A surge in Chinese tech stocks, driven by enthusiasm for artificial intelligence, and news of potential deals in Japan's technology sector provided positive momentum. However, concerns about high U.S. inflation tempered gains.

Market sentiment was also boosted by reports of potential peace talks between Russia and Ukraine, raising hopes for an end to the protracted conflict. This news contributed to a drop in oil prices.

It was reported that both the Russian and Ukrainian presidents expressed a desire to resolve the conflict in separate phone calls, and that steps were being taken to initiate peace talks. This development followed reports that Ukraine would no longer pursue NATO membership, a key point of contention for Russia.

U.S. stocks fell overnight after stronger-than-anticipated consumer price index (CPI) data was released. The inflation figures lessened expectations of near-term interest rate cuts.

At the NYSE close, the Dow Jones Industrial Average decreased by 0.50%, the S&P 500 index fell by 0.27%, and the NASDAQ Composite index showed a slight gain of 0.03%.

The CPI increased by 0.5% month-over-month, while the core CPI rose by 0.4%. These results fueled concerns about persistent inflationary pressures. Analysts pointed to the upside surprise in the CPI report, noting that it contradicted earlier forecasts of moderating inflation.

Overall market sentiment remained cautious due to ongoing trade tensions, including recently implemented tariffs on commodity imports and the potential for retaliatory tariffs.

Individual stock performance saw CVS Health Corp. rallying by nearly 15%, and Gilead Sciences Inc. increasing by 7.5%.

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Revenue from operations jumped 23.51% YoY to Rs 2,435.75 crore in Q3 FY25.

EBITDA stood at Rs 129.77 crore in the quarter ended 31st December 2024, registering the growth of 37.2% as compared with Rs 94.58 crore in Q3 FY24. EBITDA margin stood at 5.3% in Q3 FY25 as against 4.8% posted in same quarter last year.

Revenue per store stood at around Rs 127.2 crore while net profit per store reached Rs 3.25 crore, demonstrating strong efficiency and profitability at the store level.

Revenue from retail segment jumped 41.8% to Rs 1,878.8 crore in Q3 FY25, up 41.8% as compared with Rs 1,325 crore in Q3 FY24. Retail segment is 77% of the total sales.

In Q3 FY25, the company’s E‐commerce segment experienced exceptional growth, with revenue increasing to Rs 70.5 crore, a 97.9% rise. Revenue from Franchise segment grew to Rs 226.4 crore, with an 86.6% increase for Q3 FY25.

The company said that strong same-store sales growth (SSSG) of 25.7% continues to drive sustained growth.

Dr. Saurabh Gadgil, chairman & managing director, P N Gadgil Jewellers, said, “Our strong Q3 FY25 performance reflects the continued trust of our customers and the strength of our retail presence. With record-high monthly revenue, robust same-store sales growth, and increasing customer engagement, we remain focused on enhancing our offerings and expanding our footprint.

The successful launch of nine showrooms across nine consecutive days during Navratri underscores our commitment to growth, taking our store count to 48, with plans to reach 53 by Q4 FY25. The growth in all segments-retail, ecommerce, and franchise-reinforces our strategy and positions us well for sustained momentum in the coming quarters.”

P N Gadgil is the second-largest jewellery player in Maharashtra in terms of the number of stores as of January 2024. A wide range of precious metal and jewelry products include gold, silver, platinum, and diamond jewelry across various price ranges and designs. The products are primarily sold under the flagship brand, PNG, as well as various sub-brands, through multiple channels, including retail stores, various online marketplaces, and own website.

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Net profit of P N Gadgil Jewellers rose 49.38% to Rs 86.04 crore in the quarter ended December 2024 as against Rs 57.60 crore during the previous quarter ended December 2023. Sales rose 23.51% to Rs 2435.75 crore in the quarter ended December 2024 as against Rs 1972.16 crore during the previous quarter ended December 2023.

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