Gargi by P N Gadgil & Sons, one of India’s fastest-growing affordable fashion jewellery brands, has reported a stellar financial performance for the second quarter of FY25-26, underscoring its robust growth strategy and expanding market presence.

The company recorded revenue of Rs 46.45 crore in Q2 FY25-26, marking a remarkable 102% year-on-year increase from Rs 22.95 crore in the same period last year, and a 70% rise compared to the previous quarter’s Rs 27.31 crore. This surge highlights Gargi’s accelerating dominance in the fashion jewellery market and the success of its expansion into new regions and customer segments.

Operational efficiency also remained strong, with operating profit reaching Rs 13.01 crore — an 87.4% YoY jump and 105% higher sequentially. Net profit nearly doubled to Rs 10.27 crore, reflecting 101% YoY growth, supported by higher brand recognition, effective cost management, and festive season momentum.

Aditya Modak, Co-founder of Gargi by P N Gadgil & Sons, said the results demonstrate the brand’s growing connection with millennials and Gen Z consumers, along with its commitment to affordable luxury and omnichannel accessibility. He emphasized Gargi’s continued profitability through its four-year journey and expressed confidence in sustaining this growth as the brand expands into new cities.

With consistent triple-digit growth, strong consumer engagement, and a festive-driven outlook, Gargi by PNG remains poised for continued success in India’s thriving fashion jewellery market.