Gargi by P.N. Gadgil and Sons marked its four-year milestone in Pune on December 1 2025, outlining growth plans after reporting Q2 FY25-26 sales, profits and continued national retail expansion.
Pune-based fashion jewellery brand Gargi by P.N. Gadgil and Sons completed four years in December 2025, marking the milestone with an update on its retail footprint, financial performance and future growth plans.
Launched in 2021, the brand has expanded to more than 100 stores across India, supported by its website and mobile applications. Its multi-channel strategy has enabled outreach across metros and tier-2 markets.
For the second quarter of FY25-26, Gargi reported sales of Rs 73.76 crore and a net profit of Rs 15 crore. The company’s market capitalisation currently stands at Rs 1,150 crore. According to the brand, quarterly growth has been driven by the festive buying period, wider retail presence and demand for contemporary fashion jewellery.
Co-founder Aditya Modak said the milestone reflects the team’s efforts and customer response. He noted that the brand began with the idea of offering jewellery beyond precious materials, and emphasised continued focus on design development, craftsmanship and wider accessibility.
Gargi’s product range includes 92.5 sterling silver jewellery, brass fashion pieces, and 9, 14 and 18 carat gold and rose gold designs with diamonds. Recent launches include a Kids Collection with safety-focused features and festival-themed collections.
A part of the 190-year legacy of P.N. Gadgil and Sons, Gargi has been listed on the stock exchange since December 2022. The brand plans to expand its retail network, enhance digital capabilities and introduce new designs aligned with evolving consumer preferences. It will continue operating through exclusive stores, shop-in-shop formats and e-commerce partnerships.
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