Gargi by PNGS continues its rapid growth trajectory with four new store launches across Pune and Hyderabad, marking a strong close to the financial year and reinforcing its position in India’s fast-evolving fashion jewellery market.
Quick Summary
- Gargi by PNGS launches four new stores in Pune and Hyderabad
- Locations include Ravet, Baner, Paud Road, and DSL Mall
- Strengthens presence across 40+ cities in India
- Reports ₹119 crore revenue for FY2025–26 (9 months)
- Achieves over ₹800 crore market valuation
- Plans to open at least one store per month in FY2026–27
Strategic Store Launches Across Key Cities
New outlets in Ravet, Baner, Paud Road (Pune), and DSL Mall, Hyderabad, reinforce the brand’s position as one of India’s fastest-growing fashion jewellery names.
Landmark Year-End Expansion Announcement
Gargi by P N Gadgil & Sons (PNGS), one of India’s fastest-growing listed fashion jewellery brands, has closed its financial year on an emphatic note with the launch of four new exclusive brand outlets — three in Pune’s Ravet, Baner, and Paud Road neighbourhoods, and one at DSL Mall, Hyderabad. The openings mark a fitting close to a year in which Gargi cemented its status as a standout performer in the branded fashion jewellery category, backed by strong financials, an aggressive retail rollout, and a market capitalisation exceeding ₹800 crore.
Store Locations and Regional Growth Strategy
The Ravet store, located at Yashada Windsons, opened on March 26, 2026, followed closely by the launches in Baner and Paud Road — two of Pune’s most aspirational residential and commercial corridors. The Hyderabad outlet at DSL Mall extends Gargi’s footprint in Telangana, a market the brand has been methodically building for the past two years.
Product Offerings for Modern Consumers
Each of the new stores offers Gargi’s full range of contemporary collections — from everyday 925 sterling silver pieces to certified natural diamond lines — designed for the modern Indian consumer seeking wearable, design-forward jewellery at accessible price points.
Leadership Perspective on Growth Milestone
Speaking about the milestone, Aditya Modak, Co-founder and Director, Gargi by PNGS, said: “March has always been a defining month for us — it’s when the year’s effort becomes visible. These four launches are not just stores; they are proof of what we set out to build. Ravet, Baner, and Paud Road reflect how deeply Pune continues to trust and embrace Gargi, while Hyderabad tells us our South India story is only getting stronger. As we close this financial year, we are proud to say that we are building not just a bigger brand, but a more meaningful one — one neighbourhood, one customer, one conversation at a time.”
Strong Financial Performance and Growth Metrics
The March launches cap what has been a landmark year for Gargi by every measure. The brand reported nine-month revenues of ₹119 crore for FY2025–26, with quarterly revenues crossing ₹46 crore in Q3 — a 27% year-on-year jump. Net profit for the same quarter grew by more than 15% year-on-year, and the company has maintained profitability in every quarter since inception. With an EBITDA margin of approximately 31% and a debt-free balance sheet, Gargi’s financial profile stands out sharply in a category still dominated by unorganised players.
Market Valuation and Expansion Outlook
From a market-cap perspective, Gargi trades at a valuation in excess of ₹800 crore on the BSE — a remarkable milestone for a brand that only commenced retail operations in 2021. The brand now operates across 40+ cities through a combination of exclusive brand outlets, franchise stores, and Shop-in-Shop formats — and has set its sights on at least one new store opening per month through FY2026–27.
Expansion Highlights from the Financial Year
Earlier this financial year, the brand opened 12 exclusive brand outlets, launched in Aurangabad and Indore, expanded into Delhi’s Pitampura and Pimple Saudagar in Pune, and opened a store at Spectrum Metro Mall, Noida. The four March launches bring the brand’s pan-India exclusive store count to its highest yet.
About Gargi by PNGS
Gargi by P N Gadgil & Sons is a publicly listed fashion jewellery brand (BSE: 543709) founded in 2021. It offers 925 certified sterling silver, 9kt to 18 ct gold jewellery, and certified natural diamond jewellery, designed for the modern Indian consumer seeking contemporary, everyday-wear pieces. The brand operates exclusive stores, franchise outlets, and Shop-in-Shop formats across 40+ cities in India and has maintained profitability in every quarter since its inception.
FAQs
What cities saw new Gargi store launches?
New stores were launched in Pune (Ravet, Baner, Paud Road) and Hyderabad (DSL Mall).
What products does Gargi offer?
Gargi offers sterling silver jewellery, gold jewellery, and certified natural diamond jewellery.
What is Gargi’s market valuation?
The brand has a market valuation exceeding ₹800 crore on the BSE.
How many cities does Gargi operate in?
Gargi operates across 40+ cities in India.
What is the brand’s expansion plan?
The brand aims to open at least one new store every month in FY2026–27.
Is Gargi a profitable company?
Yes, Gargi has maintained profitability in every quarter since its inception.
Source: SVAR Media Network
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