793
/ 2
Min Read
Gargi by P N Gadgil & Sons, India’s fastest-growing affordable fashion jewellery brand, has announced an exceptional financial performance for the second quarter of FY25–26, marking yet another milestone in its rapid growth journey.
The company reported quarterly revenue of ₹46.45 crore, a 102% year-on-year (YoY) increase from ₹22.95 crore in Q2 FY24–25, and a 70% sequential rise over Q1 FY25–26. The impressive growth underscores Gargi’s strengthening position in India’s fashion jewellery market and validates its strategy of expansion across new markets and customer segments.
Gargi’s operational excellence was reflected in its profits as well. Operating profit surged to ₹13.01 crore, up 87.4% YoY and 105% compared to the previous quarter. Net profit nearly doubled to ₹10.27 crore, representing 101% YoY growth from ₹5.09 crore in Q2 FY24–25, driven by improved brand recognition, robust cost management, and strong festive season demand.
The company credited its stellar performance to a combination of strategic expansion, product diversification, and omnichannel growth. Gargi’s increasing retail footprint, coupled with a strong digital presence, has enhanced customer reach in both metro and tier-2 markets. Targeted marketing campaigns and strategic partnerships have further strengthened brand visibility, particularly among millennial and Gen Z consumers seeking affordable yet aspirational jewellery.
Commenting on the results, Aditya Modak, Co-founder of Gargi by P N Gadgil & Sons, said:“This quarter’s performance reflects our team’s commitment to redefining affordable fashion jewellery in India. Doubling our sales and profits every year is not just a financial achievement—it shows how closely we connect with our customers through unique designs, quality service, and seamless omnichannel experiences. As Gargi enters its fourth year, we remain consistently profitable and confident in sustaining our growth momentum. Our goal is to make Gargi the go-to destination for modern Indian jewellery.”
With consistent triple-digit revenue growth and strong profitability, Gargi is poised to maintain its momentum through the festive season and beyond. The brand continues to focus on innovation, digital expansion, and customer engagement as key drivers of long-term growth within the PNGS Group.
