Gargi by PNGS continues its expansion journey across India with the launch of two new kiosks in Kolkata and Ghaziabad. The strategic openings strengthen the brand’s presence in North and East India, aligning with its FY27 growth roadmap and commitment to serving jewellery-conscious consumers in key regional markets.
Quick Summary
- Gargi by PNGS opened new kiosks in Kolkata (New Town) and Ghaziabad.
- The expansion strengthens the brand’s presence in North and East India.
- Kolkata receives its second Gargi address after the Salt Lake launch in April.
- Ghaziabad kiosk enhances Gargi’s footprint across the NCR region.
- The company reported FY26 revenue of ₹149.47 crore with nearly 49% year-on-year growth.
- Gargi operates 126 points of sale across 65 cities and 21 states.
- The company remains completely self-funded with a zero-debt balance sheet.
- Gargi plans to add 20 new stores during FY27.
Focused Expansion into Jewellery-Rich Markets
New kiosks in Kolkata (New Town) and Ghaziabad mark a focused push into India’s jewellery-rich heartland markets
Gargi by PNGS, the fashion jewellery brand from the house of P N Gadgil & Sons, has opened two new kiosks across North and East India through May, extending its reach into some of the country’s most jewellery-loving consumer markets. The new outlets — at New Town in Kolkata and Ghaziabad in the NCR — add to a busy run of openings that has defined the brand’s first quarter of FY27.
Strengthening Presence Across North and East India
The two locations are no accident. The NCR belt sits at the heart of India’s organised jewellery demand, while Kolkata is fast emerging as one of the East’s most promising markets for design-led fashion jewellery. Together, the launches extend the brand’s reach across both regions — and add a second address in Kolkata after this April’s Salt Lake opening.
Kolkata — New Town: A Second Address in the East
Coming close on the heels of the Salt Lake launch, the New Town kiosk signals that Kolkata is no longer a single-store experiment for Gargi but a market worth building density in. Set in the City Centre II precinct, one of New Town’s most established lifestyle destinations, the kiosk taps into a region where jewellery is woven into both daily life and celebration.
Ghaziabad — Strengthening the NCR Cluster
With Ghaziabad, Gargi tightens its grip on the National Capital Region. Located at North India Mall in Indirapuram’s Vaibhav Khand — a high-density catchment of young families and working professionals — the kiosk complements the brand’s Delhi presence and builds the kind of regional cluster that strengthens both visibility and supply efficiency.
Leadership Perspective on the Expansion
Speaking on the expansion, Aditya Modak, Co-Founder, Gargi by PNGS, said:
“North and East India have always been central to how Indians think about jewellery, and these two kiosks are us meeting that culture where it lives. Ghaziabad lets us build real depth in the NCR, while our second Kolkata address tells us the East is responding to what we do — a region we are keen to keep building in.”
“What keeps us confident is that this growth is entirely self-funded and built on a zero-debt balance sheet. With 20 new stores planned for FY27, we are not chasing numbers — we are building a brand, one neighbourhood and one customer at a time.”
Building on a Landmark FY26 Performance
The May openings build on Gargi’s landmark FY26. The brand closed the year with revenue of 149.47 ₹ crore, a comparable year-on-year growth of nearly 49%, and added 32 new stores, bringing the total to 126 points of sale across 65 cities and 21 states. The company carries zero debt on its balance sheet and has funded its entire expansion organically — a discipline that remains rare in a retail category still dominated by unorganised players.
FY27 Growth Roadmap
For FY27, Gargi has set out to add 20 new stores and target a revenue CAGR of around 35%. The first quarter’s openings reflect a deliberate strategy of clustering in high-potential regions rather than spreading thin.
New Store Locations
Kolkata — New Town Ground Floor, M Block, City Centre II, Noapara, Action Area-IID, New Town, Kolkata – 700157
Ghaziabad Ground Floor, North India Mall, Vaibhav Khand, Indirapuram Scheme, Ghaziabad, Uttar Pradesh – 201014
About Gargi by PNGS
Gargi by P N Gadgil & Sons is a publicly listed fashion jewellery brand (BSE: GARGI) from the 192-year-old house of P N Gadgil & Sons, founded in 1832. Gargi offers 925 certified sterling silver, 14KT natural diamond and 9KT plain gold jewellery, designed for the modern Indian consumer seeking contemporary, everyday-wear pieces. The brand operates through exclusive brand outlets, franchise stores, kiosks and Shop-in-Shop formats across 65 cities and 21 states, and has maintained profitability in every quarter since its inception.
FAQs
Why has Gargi by PNGS opened new kiosks in Kolkata and Ghaziabad?
The new kiosks are part of the brand’s strategy to strengthen its presence in North and East India and tap into key jewellery-consuming markets.
Why is Kolkata important for Gargi by PNGS?
Kolkata is emerging as a strong market for design-led fashion jewellery, and the New Town kiosk becomes the brand’s second location in the city after Salt Lake.
How does the Ghaziabad kiosk support the brand’s growth?
The Ghaziabad outlet strengthens Gargi’s footprint in the NCR region, improving brand visibility and regional operational efficiency.
What was Gargi by PNGS’ FY26 performance?
The company reported revenue of ₹149.47 crore, achieved nearly 49% year-on-year growth, and added 32 new stores during FY26.
How many stores does Gargi by PNGS operate?
The brand operates 126 points of sale across 65 cities and 21 states.
What are Gargi by PNGS’ expansion plans for FY27?
The company plans to open 20 new stores and target a revenue CAGR of around 35% during FY27.
Source: SVAR Media Network
About SVAR Media Network – India’s Best Source for Jewellery News, Magazines, Newsletters and Media
SVAR Media Network is India’s No. 1 Destination for Jewellery News, setting the gold standard in timely, trusted, & trend-driven coverage across the Gems & Jewellery industry. As the Most Followed Jewellery Magazine & Media House in India, SVAR delivers Daily Jewellery News India Updates, market insights, & global developments through its platforms like Jewellery Magazine, Newsletters, AI Powered News Bulletins, Website, Social Media, Podcasts, & much more.
Recognized as Asia’s one of the Best Media in Jewellery & one of the World’s Best Jewellery Media, SVAR Media Network sets Unparalleled Standards in the Gems & Jewellery industry. SVAR is the Most Trusted & Widely Read Voice in the Gems & Jewellery Community.
Renowned as India’s Best Jewellery Magazine & Leading Jewellery Media, SVAR blends legacy with cutting-edge innovation by delivering:
- Best in class Jewellery Magazine for the Gems & Jewellery Industry & Jewellery Enthusiasts
- Real-time AI-Powered Jewellery News via SVARA AI, the World’s First AI Anchor in Fashion, Gems & Jewellery Industry
- India’s One of the First Gems & Jewellery Podcasts
- Digital Jewellery Newsletters for professionals and enthusiasts
- ISO 9001:2015 Certification, the first in the jewellery-media sector, proving our commitment to excellence
- Asia’s First & World’s Second Meta Verified Jewellery Media Brand
Ranked #1 among the Top 5 Gems & Jewellery News Websites, Top 10 Jewellery Magazines in India, & Most Influential Jewellery Media Brands, SVAR Media Network is your Trusted Source for Accurate, Fast, & Future-Focused Jewellery News.
SVAR Media Network is India’s No 1 Digital Media in Jewellery Industry & continues to be the Leading Jewellery Magazine & a Global Leader in Jewellery Media. SVAR Media Network offers a diverse range of services, including: Monthly Magazines, Digital Newsletters, Al-Driven News Bulletins, Social Media Promotions, Website Blogs & Articles, WhatsApp Updates, Podcasts & more…
Whether you seek updates on New Launches, Trade Shows, Celebrity Campaigns, Trends or Market Movements, SVAR is the Authority in Jewellery News India & beyond.
Explore the World of Gems & Jewellery with SVAR Media Network — Your Best Source for Trusted, Trend-Setting Jewellery News & Mediapp Updates, Podcasts & more…
