Gargi by P.N. Gadgil and Sons: Four Years of Redefining Fashion Jewellery for the Youth
Gargi by P.N. Gadgil and Sons has emerged as one of India’s leading fashion jewellery brands, reshaping how millennials and Gen Z wear contemporary jewellery. Since its launch in 2021, the brand has earned a strong reputation for offering stylish, affordable pieces that blend traditional craftsmanship with modern aesthetics.
A Journey Marked by Growth and Achievement
Over the past four years, Gargi has achieved several significant milestones that reflect its focus on quality, innovation, and customer satisfaction. The brand now operates over 100 stores nationwide, supported by a strong digital presence through its website and mobile app. This multi-channel model has helped Gargi reach both metro areas and tier-2 markets, making fashionable jewellery accessible to a wider audience.
Financially, the brand continues to strengthen its position. In Q2 FY25-26, Gargi recorded ₹73.76 crore in revenue and ₹15 crore in net profit. Its current market capitalization stands at ₹1,150 crore. Continuous quarter-on-quarter growth has been fuelled by festive sales, an expanded retail footprint, and rising demand for its contemporary collections.
Reflecting on this milestone, Aditya Modak, Co-Founder of Gargi by P.N. Gadgil and Sons, said:
“Four years of Gargi have been filled with growth, learning, and gratitude. When we began, we believed jewellery should be more than precious metals — it should celebrate life’s most beautiful moments. Today, as we mark this milestone, I express my heartfelt thanks to our team, stakeholders, skilled artisans, and most importantly, our customers for trusting us with their special memories.
We remain committed to innovation, craftsmanship, and expanding Gargi’s presence across India — creating jewellery that is both timeless and accessible.”
Innovation and Diverse Offerings
Gargi offers an extensive range of products suited for different ages, styles, and occasions. Its collections span 92.5 sterling silver, contemporary brass jewellery, and 9k, 14k, and 18k gold and rose-gold pieces set with natural diamonds. Recent launches include a dedicated Kids Collection featuring safety-first designs and festive-themed collections aligned with major Indian celebrations.
The brand continues to balance affordability with premium craftsmanship, offering options across various price brackets while maintaining high quality standards.
Rooted in Heritage, Driven by Modern Vision
Backed by the 190-year legacy of P.N. Gadgil and Sons, Gargi draws from centuries of jewellery-making expertise while embracing fresh, modern trends. Listed on the stock exchange since December 2022, the brand has demonstrated strong governance, transparency, and a consistent focus on customer delight.
Looking Ahead: Growth and Expansion
Gargi aims to expand its store network, enhance its digital ecosystem, and continue innovating its product lines to meet evolving consumer expectations. Its multi-format retail model—including exclusive brand stores, shop-in-shop concepts, and partnerships with leading e-commerce platforms—positions the brand for long-term, sustainable growth.
With ongoing investment in retail infrastructure, digital marketing, and end-to-end customer experience, Gargi is firmly established as a frontrunner in India’s fashion jewellery sector.
About Gargi by P.N. Gadgil and Sons
Launched in 2021, Gargi is a contemporary fashion jewellery brand catering to customers aged 20 and above. Part of the 190+ year heritage of P.N. Gadgil and Sons, the brand blends traditional craftsmanship with modern, affordable design. Gargi operates over 100 stores across India and maintains a strong online presence. The company went public in December 2022.
Recent Key Highlights
- Revenue (Q2 FY25-26): ₹73.76 crore
- Net Profit (Q2 FY25-26): ₹15 crore
- Market Capitalisation: ₹1,150 crore (as of November)
- Retail Footprint: 100+ stores across India