BSECompany Update31 Jul 2026 · 31 Jul 2026, 05:54 pm
Investor Presentation for Quarter ended June 30, 2026 is enclosed.
PNGS Gargi Fashion Jewellery Ltd · 543709
✦ AI Summary▲ PositiveResults
PNGS Gargi Fashion Jewellery Ltd has reported a 11% YoY growth in revenue from operations to Rs 302.2 Mn in Q1FY27, driven by the strength of its brand, disciplined execution, and expansion of its retail network. The company's retail-led strategy has delivered encouraging results, with EBO sales increasing by 186% YoY in Q1FY27.
Analysis Scores
Earnings Impact8/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment8/10
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PNGS Gargi Fashion Jewellery Ltd - 543709 - Announcement under Regulation 30 (LODR)-Investor Presentation
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July 31, 2026
The Corporate Relationship Department,
BSE Limited
1st Floor, PJ Towers,
Dalal Street,
Mumbai 400 001
Ref: BSE Scrip Code – 543709 Ref: Symbol – GARGI
Sub: Submission of Investor Presentation
Dear Sir/ Madam,
Pursuant to Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015, please find enclosed herewith Investor Presentation for
the quarter ended June 30, 2026.
Presentation is also being made available on the Company’s website https://www.gargibypng.com/ .
Kindly take this on your records please.
Yours sincerely,
For PNGS Gargi Fashion Jewellery Limited
Hiranyamai Deshpande
Company Secretary & Compliance Officer
PNGS Gargi Fashion Jewellery Ltd
Investor Presentation – Q1FY27
Disclaimer
This presentation and the accompanying slides (the “Presentation”), which have been prepared by PNGS Gargi Fashion Jewellery Limited (the
“Company”) solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any
securities and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities
of the Company will be made except by means of a statutory offering document containing detailed information about the Company.
This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company
makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness
and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that
you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. All product
names, logos, and brands are property of their respective owners. All company; product and service names used in this presentation are for
identification purposes only. Use of these names, logos, and brands does not imply endorsement.
Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that
are individually and collectively forward-looking statements. Such forward-looking statements are not guaranteeing of future performance and are
subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not
limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India
and world-wide, competition, the company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion,
technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its
exposure to market risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differ materially
and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking
information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are
not adopted by the Company and the Company is not responsible for such third-party statements and projections.
Table of Contents
Q1FY27 Performance
Company Overview
Annual Financials
Annexure
From Legacy to Lifestyle – PNGS Gargi at a Glance
Gargi blends the trusted 193+ year heritage of P. N. Gadgil & Sons Ltd. with a next-generation vision to redefine affordable fashion jewellery for
modern consumers. Backed by a strong presence in Maharashtra, the company is scaling its footprint across India and strengthening its
position as a leading fashion jewellery brand.
138* 48* 36* 54*
Point of Sales EBOs SIS with Parent SIS with Shoppers Stop
and Other Third Party
Rs 69 Mn 19 60 56
EBO Sales in Q1FY27 States Cities Employees
*Post Q1FY27 One New Store opened across EBO, SIS with Parent and SIS with Shoppers Stop and Other Third Party
Q1FY27
Performance
Message from the Management
We are pleased to report a healthy start to FY27, with Revenue from Operations
growing ~11% YoY to Rs 302.2 Mn in Q1FY27, reflecting the strength of our brand,
disciplined execution, and the continued expansion of our retail network. While the first
half of the year is seasonally softer, consumer demand remained healthy across our
markets, providing a solid foundation for the quarters ahead.
Our retail-led strategy continues to deliver encouraging results, with EBO sales
increasing by 186% YoY in Q1FY27, demonstrating the growing contribution of our
Exclusive Brand Outlets. We remain focused on expanding our EBO footprint,
strengthening brand visibility, and enhancing store productivity to drive
sustainable growth.
Looking ahead, we remain confident of stronger momentum as the festive and
wedding season unfolds. Supported by rising preference for branded and
affordable jewellery, a favorable industry backdrop, and our expanding retail
presence, we are well positioned to capitalize on the opportunities ahead.
We remain committed to executing our growth strategy with discipline and
creating sustainable long-term value for our shareholders.
Key Highlights – Q1FY27
Revenue From Operations (Rs Mn) Gross Profit (Rs Mn)
11% 15%
Q1FY26 Q1FY27 Q1FY26 Q1FY27
PAT (Rs Mn)
EBITDA (Rs Mn)
60 53
Q1FY26 Q1FY27 Q1FY26 Q1FY27
Profit and Loss – Q1FY27
Particulars (Rs Mn) Q1FY27 Q1FY26 YoY (%) Q4FY26 QoQ (%) FY26
Net Revenue from Operations 302.2 273.1 10.6% 295.9 2.1% 1494.0
COGS 174.6 162.1 159.5 852.7
Gross Profit 127.5 111.1 14.8% 136.4 -6.5% 641.3
Gross Profit Margin (%) 42.2% 40.7% 154 bps 46.1% -389 bps 42.9%
Employee Expenses 10.4 6.8 9.3 32.1
Other expenses 57.5 40.8 57.6 212.9
EBITDA 59.7 63.5 -5.9% 69.4 -14.0% 396.3
EBITDA Margin (%) 19.8% 23.2% -347 bps 23.5% -371 bps 26.5%
Other Income 18.8 12.0 11.9 53.4
Finance cost 3.1 1.4 2.9 8.7
Depreciation 7.5 2.7 5.3 15.8
Exceptional Items 0.0 0.0 0.0 1.5
PBT 67.9 71.4 -4.9% 73.1 -7.2% 423.8
Taxes 17.4 18.3 21.7 110.5
Reported PAT 50.5 53.1 -5.0% 51.4 -1.7% 313.3
PAT Margin (%) 16.7% 19.5% -274 bps 17.4% -66 bps 21.0%
Diluted EPS (Rs per share) 4.8 5.1 4.9 30.1
Won “Best Fashion Jewelry Brand” award at the JewelX Global
Gargi by PNG has been awarded
this prestigious recognition for
the second time, reaffirming our
commitment to innovation,
craftsmanship, and
contemporary jewellery.
This milestone reflects the trust of
our customers and inspires us
to continue setting new
benchmarks of excellence.
Company
Overview
From Legacy Business to Focused Independent Brand
Born out of a next-generation vision, PNGS Gargi was conceptualized in 2021 to extend the 193+ year legacy of P. N. Gadgil & Sons Ltd. into a
contemporary, youth-focused fashion jewellery brand, run by young professionals with strong backing from the 6th generation promoters.
Rs 1494 Mn Revenue
Rs 1264 Mn Revenue 126 Point of Sales
94 Point of Sales 21 States; 65 Cities
Rs 505 Mn Revenue
18 States; 51 Cities
56 Point of Sales
Rs 287 Mn Revenue
7 States; 26 Cities 49% YoY** growth in Revenue for FY26
30 Point of Sales
❖ 50+ SIS with Shoppers Stop
3 States; 20 Cities
❖ Expansion in North & South
❖ Preferential Issue of Rs 10 Cr
India markets
Healthy EBITDA margin of 27% and a
at Rs 970/share to
❖ Listed on BSE SME accelerate growth ❖ Launched sub-brand PAT margin of 21%, underscoring
“Utsaav”, enhancing strong operational efficiency and
❖ SIS* partnership with ❖ Onboarded Mithila Palkar
product diversification and disciplined cost management
Gargi - carved out of P. N. Gadgil & Shoppers Stop as Brand Ambassador
capturing new customer
Sons Ltd. to build a focused fashion ❖ Launched 14 KT segments
j
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