Gargi by P N Gadgil & Sons, India’s fastest-growing affordable fashion jewellery brand, has reported great financial results for the second quarter of FY25-26. This means that its plan to grow and enter new markets is working perfectly well.
Revenue Performance
The company sold ₹46.45 crore in Q2 FY25-26, which is a strong 102% increase from the same time last year (₹22.95 crore in Q2 FY24-25) and a strong 70% increase from the previous quarter (₹27.31 crore in Q1 FY25-26). This impressive revenue performance shows that Gargi is becoming more and more dominant in the fashion jewellery market. It also shows that its plan to grow by reaching new customers and areas is working.
Profit Metrics
Strong operational performance leads to profits. The company’s operating profit for the quarter was ₹13.01 crore, which is 87.4% more than the same quarter last year and 105% more than the previous quarter. This shows that the company is very efficient and has been able to keep its margins high. Net profit jumped to ₹10.27 crore, almost doubling with 101% YoY growth from ₹5.09 crore in the same quarter last year and up 93.37% sequentially. This was due to better brand recognition, better cost management, and a strong performance during the festive season.
Growth Drivers
Growth is driven by strategic expansion and brand building. This result helps Gargi stay one of India’s best affordable fashion jewellery brands. The brand’s expanding product lines, aggressive new store openings, strong omnichannel presence, and seamless connection between offline and online platforms are all reasons for the growth. Targeted marketing campaigns and smart partnerships that make the brand more visible are also helping the company do well. Gargi is still very popular with millennials and Gen Z customers who want jewellery that is both accessible and aspirational. The brand is growing in metro and tier-2 cities.
Leadership Perspective
A Leader’s Point of View Aditya Modak, the co-founder of Gargi by P N Gadgil & Sons, said, “This quarter’s performance shows how dedicated our team is to changing the way affordable fashion jewellery is made in India. Doubling our sales and profits every year is not only a financial milestone; it also shows how close we’ve become to our customers by making unique products, providing high-quality service, and making shopping easy across all channels. Our strong focus on understanding the goals of millennials and Gen Z, along with the trust we’ve built up over time as a family, has given us a unique value proposition in the market. This is the fourth year for Gargi,and we have continued to remain profitable and sustain growth through these four years. Now we are more sure than ever that we can keep this growth going and make Gargi the place to go for modern fashion jewellery as we ride the festive wave and open stores in new cities.”
Future Outlook
Outlook Gargi by PNG is in a great position to keep growing through the festive season and beyond, with revenue growth of more than 100% each year and steady profits. The company is still committed to its plans for growth, new products, and going digital, which keeps it a key growth driver within the PNGS Group.
About Gargi by P N Gadgil & Sons
Gargi by P N Gadgil & Sons is India’s best affordable fashion jewellery brand. Its modern designs combine traditional craftsmanship with modern looks. Part of the prestigious PNGS Group, Gargi caters to millennial and Gen Z consumers seeking aspirational yet accessible jewellery. With a strong online platform and a strong presence in retail stores in metro and tier-2 cities, Gargi keeps setting new standards in the fashion jewellery market.
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