Gargi by P N Gadgil & Sons (PNGS), one of India’s fastest-growing fashion jewellery brands, has achieved a major milestone with the opening of its 100th store. The company marked the occasion with the launch of two new outlets in Patna and Kurla, Mumbai.
Founded just three years ago, Gargi has rapidly expanded its footprint across India, from metro cities to tier-2 and tier-3 markets. Today, it offers more than 15,000 SKUs at varied price points, catering to style-conscious customers nationwide.
The milestone comes on the back of a strong financial performance. In Q1 FY26, the company reported a 20.4% rise in revenue to Rs 27.31 crore and a 29.3% increase in net profit to Rs 5.31 crore. The company remains debt-free, providing a strong base for its future expansion.
Commenting on the achievement, Aditya Modak, Co-founder and CEO of PNGS Gargi Fashion Jewellery Ltd., said, “This journey has been nothing short of amazing, from one dream to 100 stores. Establishing our 100th store feels like getting a hundred points.”
Reflecting the brand’s strong family culture, Gargi’s new stores were inaugurated by women closely associated with the company—either employees or family members—underscoring the emotional bond and ownership spirit that drives the organisation.
Key highlights of Gargi’s growth include:
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100 stores opened within three years of operations
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Nationwide presence from metros to tier-2 and tier-3 cities
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Q1 FY26 revenue at Rs 27.31 crore, up 20.4%
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Q1 FY26 net profit at Rs 5.31 crore, up 29.3%
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Debt-free operations ensuring stability for future growth
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Over 15,000 SKUs in the portfolio
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Successful marketing campaigns, with the recent Monsoon campaign driving a 35% jump in responses
Gargi plans to continue its retail expansion. The company has announced a move to issue 1,12,500 shares at Rs 970 per share to fund marketing and accelerate growth.
“The road hasn’t been smooth; it’s been a roller coaster of ups and downs. But it’s our team’s collective spirit and determination that turned challenges into opportunities,” added Modak.
With its 100th store milestone, Gargi aims to further strengthen its presence and establish itself as a leading name in the Indian fashion jewellery market.
