Fashion jewellery brand Gargi by P N Gadgil & Sons has opened kiosks at City Centre II in Kolkata’s New Town and at North India Mall in Ghaziabad, Uttar Pradesh, as it continues a rapid expansion through the first quarter of FY27.
The Kolkata opening is the brand’s second in the city within weeks, following a store launch at Salt Lake in April. The New Town kiosk, located in the City Centre II lifestyle precinct, signals a deliberate move to build density in what the company sees as a high-potential eastern market. The Ghaziabad outlet, situated in Indirapuram’s Vaibhav Khand — a densely populated stretch of young families and working professionals on the Delhi-NCR periphery — reinforces a regional cluster the brand has been quietly assembling around the capital.
Speaking on the expansion, Aditya Modak, Co-Founder, Gargi by PNGS, said, “North and East India have always been central to how Indians think about jewellery, and these two kiosks are us meeting that culture where it lives. Ghaziabad lets us build real depth in the NCR, while our second Kolkata address tells us the East is responding to what we do — a region we are keen to keep building in.”
“What keeps us confident is that this growth is entirely self-funded and built on a zero-debt balance sheet. With 20 new stores planned for FY27, we are not chasing numbers — we are building a brand, one neighbourhood and one customer at a time,” he added.
The May openings come off the back of a landmark FY26 for the brand. Gargi closed the year with revenue of Rs 149.47 crore, up nearly 49% on a comparable basis year-on-year, and added 32 stores during the period, bringing its total to 126 points of sale across 65 cities and 21 states.
For FY27, the brand has set a target of 20 new store additions and is aiming for a revenue CAGR of around 35%.
Gargi, listed on the BSE under the ticker GARGI, is part of the 192-year-old P N Gadgil & Sons house. The brand sells 925 sterling silver, 14KT natural diamond and 9KT plain gold jewellery targeted at consumers seeking contemporary, everyday-wear pieces, and has reported a profit in every quarter since its launch.
