Gargi by P N Gadgil & Sons, among India’s fastest-growing fashion jewellery brands, has reached a significant milestone by opening its 100th store, marking a major step in its expansion journey. The company recently launched new outlets in Patna and Kurla (Mumbai).
This achievement follows an impressive financial quarter where the brand recorded 20.4% revenue growth, touching Rs. 27.31 crore, and a 29.3% rise in net profit to Rs. 5.31 crore in Q1 FY26. Founded just three years ago with the vision of creating a distinctive fashion jewellery label, Gargi has expanded rapidly across India, covering metro cities as well as smaller towns across all regions of the country.
Reflecting on this journey, Aditya Modak, Co-founder and CEO of PNGS Gargi Fashion Jewellery Ltd., said:
“From one dream to a network of 100 stores, this journey has been incredible. We set our plan and vision three years ago, knowing that change was the only constant. Reaching our 100th store today feels like achieving a perfect score.”
Gargi’s success is rooted in its commitment to offering premium fashion jewellery that blends quality with accessibility. Its expansion strategy has been focused on strengthening local presence while consistently maintaining the same level of craftsmanship and design that customers trust. With a debt-free and strong financial foundation, the company has not only scaled up quickly but has also remained profitable.
“At Gargi, goals were never just targets; they were personal milestones,” added Aditya Modak. “Our teams became more than colleagues—they turned into a family invested in every step of this journey. For every Gargian, opening the 100th store is a deeply personal achievement, as they weren’t just employees but visionaries who helped shape Gargi into what it is today.”
This month, Gargi celebrated its new store openings in a truly personal way—each launch was led by a Gargi team member or their family, such as the spouse of an employee. This unique tradition reflects the brand’s strong family culture. While prominent guests were present, Gargi chose to highlight its values by ensuring that the people closest to the brand inaugurated the stores. This underlined the emotional bond and shared sense of ownership that define Gargi’s culture.
Key Highlights:
- Expanded to 100 stores in just three years since inception
- Delivered strong Q1 FY26 results: revenue up 20.4% (₹27.31 crore) and profit up 29.3% (₹5.31 crore)
- Opened two new outlets in August 2025 in Patna and Kurla (Mumbai)
- Established a nationwide presence spanning metros as well as tier-2 and tier-3 markets
- Extensive coverage across India—north to south, east to west
- Maintained a debt-free financial position, enabling sustained growth
- Offers a diverse portfolio of over 15,000 SKUs across price ranges
- Successful marketing initiatives, with the recent Monsoon campaign driving a 35% higher response
The success of Gargi is credited to the unwavering dedication of its extended family—employees, customers, investors, and supporters—who stood by its vision. Reflecting on this journey, Aditya Modak shared: “The path hasn’t been easy; it’s been full of highs and lows. But, like in any good sport, it was our team’s unity and determination that helped us turn challenges into opportunities.”
For Gargi, the opening of its 100th store marks not a conclusion, but the beginning of greater ambitions. To fuel its next phase of expansion, the company plans to issue 1,12,500 shares priced at ₹970 each, aimed at boosting marketing initiatives and accelerating retail growth across India. With this, Gargi continues to strengthen its presence and strive toward becoming one of the most trusted names in the Indian fashion jewellery sector.