PNGS Gargi Fashion Jewellery Reports Q4 FY26 Business Update
PNGS Gargi Fashion Jewellery Limited, a branded fashion jewellery retailer supported by the P. N. Gadgil & Sons Group, announced its business update for the fourth quarter ending March 31, 2026. The company’s portfolio remains diversified, featuring 925 sterling silver jewellery, 9KT plain Gold Jewellery, 14KT gold jewellery studded with natural diamonds, and various fashion jewellery items.In its Q4 and full fiscal year update for FY26, the company reported significant growth metrics.
The financial highlights for the period are as follows:
| Particulars (Rs in Lakhs) | Q4FY26 | Q4FY25 | YoY% | FY26 | FY25 | YoY% |
|---|---|---|---|---|---|---|
| Total Revenue from Operations | 2,955.42 | 2,268.71 | 30.27% | 14,947.00 | 12634.8 | 18.30% |
| Revenue from Operations | 2,955.42 | 2,268.71 | 30.27% | 14,947.00 | 10060 | 48.58% |
The revenue from operations for Q4 FY26 was 2,955.42 Rs in Lakhs, marking a 30.27% Year-on-Year (YoY) increase compared to Q4 FY25. Furthermore, the Revenue from Operations for the full fiscal year FY26 reached 14,947.00 Rs in Lakhs, showing a strong growth of 48.58% YoY, compared to 10,060 Rs in Lakhs for FY25.
Operational Updates and Growth Snapshot
The company highlighted strong revenue growth, particularly when excluding exceptional sales, noting a 30.27% YoY growth in Q4 FY26 and 48.58% YoY growth in FY26.Operationally, PNGS Gargi Fashion Jewellery Limited expanded its physical footprint in FY26. The company added 32 new stores (POS), including 18 new stores opened in Q4 FY26. This expansion brought the total number of stores (POS) to 126 as of March 31, 2026. This presence now spans 65 cities across 21 states in India.
The company stated that its strong balance sheet, characterized by zero debt and healthy funds, provides sufficient internal resources to support future expansion plans.
Company Overview and Outlook
PNGS Gargi Fashion Jewellery Limited operates across 126 locations, encompassing Exclusive Brand Outlets (EBO), Shop-in-Shop (SIS) formats, and Franchise stores. The company draws on the extensive 190-year heritage of the P N Gadgil & Sons Group.Looking ahead, the company projects a Revenue Compound Annual Growth Rate (CAGR) of about 35% over the next couple of years. This outlook is supported by strong SSSG and ongoing store expansion, with a target of 20 new stores in FY27, alongside favorable industry tailwinds including double-digit market growth and a significantly underpenetrated organized segment.
Stock Price Movement
As of 2:48 PM, PNGS Gargi Fashion Jewellery Ltd shares are edging higher at ₹850.10, ticking up 0.69%. Throughout the day, the stock traded across an intraday range, bouncing between a low of ₹823.35 and a high of ₹861.00.Source:
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