The Hindu Festival Of Labh Panchami Is Considered Auspicious And Is Usually Observed Five Days Succeeding Diwali. In The Hindu Month Of Kartik, It Is Observed On The Fifth Day Of Shukla Paksha. This Year Labh Panchami Will Be Celebrated On Saturday, November 18. In Gujarat, Labh Panchami Is Also Referred To As Saubhagya Panchami, Gyan Panchami, And Labh Pancham. The Word “Labh” Means “Benefit Or Gain.”