P N Gadgil Jewellers Limited

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CID PNG JEWELLERS Date: May 15, 2025 To, BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400001 Scrip Code: 544256 Subject: Investor Presentation Dear Sir/Madam,

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ncial Overview Investor Presentation – Q4FY25 3 From 1832 to Today: The Evolution of PNG Jewellers 1832: Rich Legacy 2008-2019: Acceleration Phase 2020-2022: Resilience Shown in Covid Phase 2023-2025:

73.8%

Retailer of West India Award 2023 by JewelBuzz ➢ 2024 : got listed on the BSE at a premium of 73.8% and on the NSE at a premium of 72.9% ➢ 2025: Crossed 2100+ employees ➢ 2025: Crossed milestone o

72.9%

JewelBuzz ➢ 2024 : got listed on the BSE at a premium of 73.8% and on the NSE at a premium of 72.9% ➢ 2025: Crossed 2100+ employees ➢ 2025: Crossed milestone of 50+ stores ➢ 2025: Consolidated R

INR 76,934.68

0+ employees ➢ 2025: Crossed milestone of 50+ stores ➢ 2025: Consolidated Revenue for FY25 is INR 76,934.68 Mn For the last 3.5 decades, we have been a distinguished jewellery brand partnered with Shrimant D

8%

Revenue per Sq Ft for FY25 45,452 Total SKU’s 1,451.6 Mn Average Revenue per Store for FY25 8% Approx. Stud Ratio for Q4FY25 77.0 K Average Transaction Value for Q4 FY25 26.5% SSSG for

26.5%

tore for FY25 8% Approx. Stud Ratio for Q4FY25 77.0 K Average Transaction Value for Q4 FY25 26.5% SSSG for existing 24 stores for FY25 8.6 & 25.2 Tonnes of Gold & Silver Sold in FY25 5.2x I

5.2x

26.5% SSSG for existing 24 stores for FY25 8.6 & 25.2 Tonnes of Gold & Silver Sold in FY25 5.2x Inventory Turnover Ratio For FY25 Investor Presentation – Q4FY25 6 Agenda 01 02 03 04 05

94%

Jewellery Market Share of Organized Jewellery in Retail Market is Rising Organised Unorganised 94% 6% FY07 68% 66% 32% FY20 34% FY22 62% 38% FY24 2nd 850 Tn Largest gold market in t

6%

llery Market Share of Organized Jewellery in Retail Market is Rising Organised Unorganised 94% 6% FY07 68% 66% 32% FY20 34% FY22 62% 38% FY24 2nd 850 Tn Largest gold market in the w

68%

et Share of Organized Jewellery in Retail Market is Rising Organised Unorganised 94% 6% FY07 68% 66% 32% FY20 34% FY22 62% 38% FY24 2nd 850 Tn Largest gold market in the world Avera

66%

hare of Organized Jewellery in Retail Market is Rising Organised Unorganised 94% 6% FY07 68% 66% 32% FY20 34% FY22 62% 38% FY24 2nd 850 Tn Largest gold market in the world Average go

“We aim to connect with customers who proudly embrace their diva style The collection is created for those who desire a touch of everyday luxury.”

“This advance will be used to purchase 22 ct gold at the prevailing market rate on the date of payment.”

“100% Achieved Bank Restructuring Facilities ₹3,000M repaid term loan & CC 100% Achieved Hedging 100% Effective hedged by Mar25 100% Achieved We remain on track to fulfill our commitments, ensuring financial discipline, strategic expansion, and risk management.”

Marriage Seasons

1

Agriculture Influence

1

Festive Boost

1

Process

1

Company

1

Investor Relations Partner

1

Agriculture Influence

Rural households invest post-harvest proceeds in gold, especially in November and December Gold jewellery holds aspirational value in India Gold, whether sold as jewelry, bars, or coins, experiences organic demand, unlike lifestyle retail categories such as footwear and apparel 34% 66% FY23 Jewellery 38% 62% FY28P Bars and Coins Jewelry retailing carries no inventory obsolescence risk, as products can be recycled and repurposed into new designs E-Commerce penetration is expected to reach 10% of overall sales by FY28

Festive Boost

Gold and silver jewelry sales rise during Diwali, Dhanteras (Oct-Nov), and Akshaya Tritiya (Apr- May). As a high-ticket item, jewelry has a lower relative cost for rent, staffing, and promotions compared to footwear and apparel, with the majority of store setup costs allocated to inventory. Source: IBEF Deloitte Report & Technopak Industry Report Investor Presentation – Q4FY25 10% 90% FY28P 6% 94% FY23 Offline E-Commerce 11 Shifting Consumer Trends: A Turning Point for the Indian Jewellery Market 01 02 03 04 05 06 07 Young consumers prefer lightweight jewellery with trendy designs Shift towards “consumption of jewellery” rather than pure “investment” Frequency of purchase by consumers have gone up due to rising disposable income Increasing importance of hallmarking and certifications that provide assurance of metals purity and genuineness Quality of material and craftsmanship is one of the top considerations Trust in long-standing, reputed and reliable jewellery brands is higher Design

Process

▪ Predefined stock levels for each store ▪ Stores submit detailed item requirements ▪ Biweekly purchase orders ▪ Requirements are consolidated, and vendors are assigned ▪ Jewellery is selected from vendor showcases ▪ HO distributes Inventory to stores after quality checks Hallmark, finish, polish & PNG stamp of the jewellery is checked by HO’s QC team Implemented Acme ERP to track end-to-end Inventory. Purity of metal is validated regularly by melting a piece of jewellery from each vendor Predefined store-wise minimum inventory levels prevent stock shortages Only pieces meeting PNG’s quality standards are labelled HO conducts daily inventory reconciliation based on store stock count and Acme ERP data Employed robust software across all our stores ensuring timely procurement and efficient inventory management Investor Presentation – Q4FY25 22 Well-Established Brand in Maharashtra Legacy & Heritage ➢ Strong brand recall and presence in Maharashtra ➢ Leveraged the knowledge and understand

Company

P N Gadgil Jewellers Limited CIN: L36912PN2013PLC149288 Email ID: secretarial@pngadgil.com Tel: +91 020 4478474 Website: www.pngjewellers.com