Gargi by P. N. Gadgil & Sons Posts 30.27% Revenue Growth in Q4FY26.

Full-Year Revenue Surges 48.58% to ₹149.47 Crore on Back of Aggressive Store Rollout Adds 32 new stores in FY26, reaches 126 locations across 65 cities and 21 states: targets 35% Revenue CAGR with zero debt on books Pune, April 09, 2026: PNGS Gargi Fashion Jewellery Limited, India’s fast-growing branded fashion jewellery retailer backed by the 190+year legacy of the P. N. Gadgil & Sons Group, reported strong business performance for Q4FY26 and the full financial year FY2025-26, clocking revenue from operations of ₹29.55 crore in Q4 — a 30.27% year-on-year jump — and ₹149.47 crore for the full year, reflecting 48.58% growth on a comparable basis (excluding one-time exceptional sales in FY25). KEY FINANCIAL HIGHLIGHTS Particulars (Rs in Crore) Q4FY26 Q4FY25 YoY % FY26 FY25* YoY % Total Revenue from Operations 29.55 22.69 30.27% 149.47 100.60 48.58% *FY25 Revenue from Operations excludes exceptional one-time sale of ₹25.75 crore arising from the transition of Shop-in-Shop (SIS) locations from FOCO to FOFO model in April 2024. Revenue figures are subject to limited review by the Statutory Auditors. OPERATIONAL HIGHLIGHTS • Store expansion: Gargi added 32 new stores (Points of Sale) in FY26, including 18 in Q4 alone, taking its total network to 126 stores across 65 cities and 21 states as on 31 March 2026. Formats span Exclusive Brand Outlets (EBO), Shop-in-Shop (SIS), and Franchise stores. • Portfolio breadth: The brand offers a diversified range, including 925 sterling silver jewellery, 14KT natural diamond jewellery, the newly introduced 9KT plain gold jewellery, fashion jewellery, and gifting products. • Debt-free balance sheet: The Company carries zero debt and maintains a healthy funds position, giving it the financial headroom to self-fund its expansion plans. GROWTH OUTLOOK • Gargi targets a Revenue CAGR of approximately 35% over the next couple of years, driven by robust Same-Store Sales Growth (SSSG) and an ongoing store rollout programme. • The Company has set a target of 20 new store openings in FY27. • Industry tailwinds remain favourable: double-digit market growth and a significantly underpenetrated organised jewellery segment continue to provide structural growth opportunities. MANAGEMENT COMMENT “This has been a landmark year for Gargi. Growing revenue by nearly 49% on a comparable basis while simultaneously adding 32 new stores across 21 states reflects the strength of both our brand proposition and our execution engine. What gives us particular confidence is the quality of this growth — it is SSSG-led, organically funded, and built on a zero-debt balance sheet. Customers across tier-2 and tier-3 cities are increasingly seeking branded, trust-backed fashion jewellery, and Gargi is well-positioned to be their first choice. With 20 new stores planned for FY27 and a target Revenue CAGR of 35%, we are entering the new financial year with strong momentum and a clear runway ahead.” — Aditya Modak, Director, PNGS Gargi Fashion Jewellery Limited ABOUT PNGS GARGI FASHION JEWELLERY LIMITED PNGS Gargi Fashion Jewellery Limited (CIN: L36100PN2009PLC133691; BSE: GARGI) is a focused fashion jewellery retail company backed by the strong legacy of the P. N. Gadgil & Sons Group, which brings over 190 years of heritage in the jewellery industry. The Company currently operates 126 Points of Sale across 65 cities and 21 states in India, comprising a mix of Exclusive Brand Outlets, Shop-in-Shop formats, and Franchise stores, with a strong presence in Maharashtra and a growing pan-India footprint. Its diversified portfolio includes 925 sterling silver jewellery, 14KT natural diamond jewellery, 9KT plain gold jewellery, fashion jewellery, and gifting products. For more information, visit: www.gargibypng.com (Disclaimer: The above content is a press release and PTI takes no editorial responsibility for the same.). PTI PWR