P N Gadgil Jewellers Limited has informed the Exchange regarding a press release dated March 27, 2026, titled "PNG Jewellers intensifies retail strength in Central India with launch of its New Store in Varanasi".
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PNG Jewellers opened a new 6,000 sq ft store on Sigra Chauraha Road in Varanasi, its 76th store overall and 4th in Uttar Pradesh. The launch event was attended by brand ambassador Madhuri Dixit, and the store will offer gold, diamond, and bridal jewellery including collections like Saptam, Katha, Pratha, Eiina, and Polmi. Inaugural offers included 50% off on gold making charges and 100% off on diamond making charges, drawing strong customer footfall. The company said the move strengthens its presence in culturally significant Central Indian markets.
The store expansion is consistent with the company's retail growth strategy and could contribute incremental revenue over time, though no financial guidance has been revised. Short-term, the launch may generate positive sentiment around the stock given the brand's expansion momentum.