Company Disclosure

PNGS Gargi Fashion Jewellery Limited submitted a quarterly business update for Q1 FY 2026-27 (April-June 2026) to BSE Limited pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

Revenue Highlights (₹ in Lakhs)

| Particulars | Q1FY27 | Q1FY26 | YoY Growth |

| Total Revenue from Operations | 3,048 | 2,730 | 11.61% |

Note: The Q1FY27 revenue figure is subject to limited review by the company's Statutory Auditors.

Operational Highlights

Revenue Growth Drivers

  • 11.61% YoY revenue growth in Q1FY27 driven by continued consumer confidence in the brand and effectiveness of expanding retail network
  • Q1 and Q2 typically experience softer demand due to seasonal factors
  • Consumer demand expected to improve in Q3FY27 and Q4FY27 supported by wedding season, festive buying, and year-end celebrations

Festive Sales Performance

  • Akshaya Tritiya Revenue: ~₹237 lakhs in current year vs ~₹133 lakhs in previous year
  • Year-on-Year Growth: 77.41% increase in Akshaya Tritiya sales

Sales Channel Strategy

  • Company strategically focusing on increasing sales through Exclusive Brand Outlets (EBOs)
  • Gradual reduction in dependence on SIS (Shop-in-Shop) channel
  • Progressive shift of sales from SIS stores to EBOs
  • EBO Sales: Increased to ~₹690 lakhs in Q1FY27 from ~₹241 lakhs in Q1FY26

Retail Network

  • Total Points of Sale: 135 locations
  • Geographic Coverage: 60 cities across 19 states
  • Strong presence in Maharashtra with growing footprint in select other markets across India

Demand Outlook

  • Healthy demand witnessed across retail network
  • Positive outlook supported by upcoming festive and wedding season
  • High gold prices driving consumers toward affordable and trendy jewellery
  • Increasing preference for branded products
  • Continued shift toward organised retail expected to support demand

Business Overview

PNGS Gargi Fashion Jewellery Limited is a branded fashion jewellery retailer backed by the P. N. Gadgil & Sons Group's 190-year legacy in the jewellery industry. The company offers a diversified portfolio including:

  • 925 sterling silver jewellery
  • 9KT plain Gold Jewellery
  • 14KT gold jewellery studded with natural diamonds
  • Other gifting products and Fashion Jewellery

Operating Formats

  • Exclusive Brand Outlets (EBO)
  • Shop-in-Shop (SIS) formats
  • Franchise stores