Gargi by P N Gadgil & Sons has announced its financial results for the second quarter of FY25-26, reporting a strong 102% year-on-year increase in revenue.
The brand recorded ₹46.45 crore in Q2 FY25-26, compared to ₹22.95 crore in Q2 FY24-25, and a 70% rise from the previous quarter’s ₹27.31 crore.
The company’s operating profit stood at ₹13.01 crore, up 87.4% YoY and 105% sequentially. Net profit reached ₹10.27 crore, growing 101% from ₹5.09 crore in the same quarter last year and 93% from the previous quarter.
The company plans to keep investing in product innovation, digital initiatives, and new store openings as part of its growth roadmap.
Commenting on the results, Aditya Modak, Co-founder of Gargi by P N Gadgil & Sons, said,
“This quarter’s performance shows our team’s dedication to redefining affordable fashion jewellery in India. Doubling our sales and profits every year is not just a financial milestone—it reflects how deeply we connect with customers through unique designs, superior quality, and seamless omnichannel experiences. Entering our fourth year of consistent profitability, we’re confident about sustaining this growth and making Gargi the go-to brand for modern fashion jewellery as we expand into new cities.”
The brand offers modern designs inspired by traditional craftsmanship and caters to millennial and Gen Z consumers across India through its online and offline stores.
