Gargi by P N Gadgil & Sons, one of India’s fastest-growing affordable fashion jewellery brands, has announced robust financial results for the second quarter of FY25-26, highlighting the success of its strategic expansion and strong market positioning.
The brand reported Rs 46.45 crore in sales during Q2 FY25-26, marking a 102% year-on-year (YoY) increase from Rs 22.95 crore in the same period last year, and a 70% sequential rise over Rs 27.31 crore in Q1 FY25-26. This surge underscores Gargi’s growing dominance in the affordable fashion jewellery segment, supported by expanding retail presence and strong consumer demand.
Profitability Strengthens Amid Expansion
Operational efficiency and brand momentum also translated into higher profitability. Gargi’s operating profit rose 87.4% YoY to Rs 13.01 crore, while net profit nearly doubled to Rs 10.27 crore, reflecting a 101% YoY growth. Sequentially, net profit surged 93%, driven by brand visibility, cost efficiency, and festive season sales.
Strategic Expansion and Brand Building Fuel Growth
Gargi’s growth has been powered by a multi-channel retail strategy that integrates online and offline experiences. The brand continues to widen its product portfolio and expand across metro and tier-2 markets, while targeted marketing initiatives and strategic collaborations have further strengthened its connection with millennial and Gen Z consumers.
Leadership Commentary
Aditya Modak, Co-founder, Gargi by P N Gadgil & Sons, said, “This quarter’s performance shows how dedicated our team is to changing the way affordable fashion jewellery is made in India. Doubling our sales and profits every year is not only a financial milestone; it also shows how close we’ve become to our customers by making unique products, providing high-quality service, and making shopping easy across all channels.”
“Our strong focus on understanding the goals of millennials and Gen Z, along with the trust we’ve built up over time as a family, has given us a unique value proposition in the market. This is the fourth year for Gargi, and we have continued to remain profitable and sustain growth through these four years. Now we are more sure than ever that we can keep this growth going and make Gargi the place to go for modern fashion jewellery as we ride the festive wave and open stores in new cities.”
Outlook
With over 100% annual revenue growth and sustained profitability, Gargi by P N Gadgil & Sons is poised for continued expansion through the festive season and beyond. The brand remains focused on strengthening its digital initiatives, introducing new collections, and expanding its retail footprint, cementing its role as a key growth driver within the PNGS Group.
