PN Gadgil Jewellers Plans ₹800 Crore Store Expansion This Fiscal.

PN Gadgil Jewellers, a brand steeped in 190 years of legacy and trust, is embarking on a significant pan-India expansion, planning to invest ₹600 crore this fiscal year to open 25 new stores. The strategic growth will primarily target the states of Uttar Pradesh, Bihar, and Madhya Pradesh.

The company intends to utilize both the Company-Owned, Company-Operated (COCO) and Franchise-Owned, Company-Operated (FOCO) models to facilitate this aggressive expansion. This dual approach will allow PN Gadgil Jewellers to maintain brand consistency while leveraging local entrepreneurial spirit.

This ambitious push follows a strong previous fiscal year for the jeweler, which saw the opening of 16 stores across Maharashtra and Goa. Furthermore, the company successfully raised ₹850 crore through an IPO last September, a move that enabled it to become debt-free.

The current expansion marks a new chapter for PN Gadgil Jewellers, as it looks to extend its established brand presence and trusted reputation into new, high-growth markets across northern and central India.