The traditional Gujarati calendar follows Vikram Samvat Calendar system with the exception that instead of Chaitra Sukhladi, the Gujarati people celebrate the day after Diwali as Gujarati New Year.

The festival of Labh Panchami (Hindi: लाभ पंचमी, Gujarati: લાભ પાંચમ) or Labh Pancham marks the final day of Diwali celebrations. It is observed on the Panchami (5th day) during the ‘Shukla Paksha’ ...