PNGS Gargi Fashion Jewellery Ltd has announced a strong start to FY26, reporting a 20.4% year-on-year increase in sales to Rs. 27.31 crore for the quarter ended June 2025. Net profit rose sharply by 29.3% to Rs. 5.31 crore, compared to Rs. 4.11 crore in the previous quarter.

The impressive performance was driven by the company’s operational efficiency and a successful shift in its retail model. In April 2024, Gargi transitioned its Shop-in-Shop (SIS) outlets with P.N. Gadgil & Sons Limited from a FOCO (Franchisee-Operated-Company-Owned) model to a FOFO (Franchisee-Owned-Franchisee-Operated) model, enabling stronger scalability and profitability across locations.

Currently, Gargi operates 98 retail touchpoints across the country, including 33 SIS locations with PNGS, 51 SIS stores with other partners, and 14 exclusive brand outlets. Its wide network and multi-brand presence have helped the brand strengthen its market position in key cities.

The company’s diverse product portfolio—comprising over 15,000 SKUs—continues to appeal to style-conscious consumers seeking quality, affordability, and modern design. The recent “Monsoon Offer” marketing campaign held in July 2025 saw a 35% increase in customer response compared to the same period last year, highlighting rising brand engagement.

Looking ahead, Gargi is planning a preferential share issue to raise capital for expansion. The proposed issue includes 90,000 equity shares to promoters and 22,500 shares to non-promoter investors at Rs. 970 per share. The funds will be used to fuel retail growth, invest in product innovation, and enhance digital infrastructure.

With a debt-free balance sheet, strong brand identity, and a growing retail footprint, Gargi is well-positioned to capture emerging opportunities in India’s evolving fashion jewellery market.