PNGS Gargi Fashion Jewellery Limited submitted a quarterly business update for Q2 FY 2026-27 pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

  • Total Revenue from Operations Q2FY27: ₹5,398 lakh (subject to limited review by Statutory Auditors)
  • Total Revenue from Operations Q2FY26: ₹4,645 lakh
  • Year-over-Year Growth Q2: 16.21%
  • Total Revenue from Operations H1FY27: ₹8,420 lakh
  • Total Revenue from Operations H1FY26: ₹7,376 lakh
  • Year-over-Year Growth H1: 14.15%

Business Operations Update

The company reported sustained consumer traction and expanding retail footprint. Key operational highlights include:

Retail Network:

  • 136 points of sale (POS) as of September 30, 2026
  • Presence across 59 cities and 19 states in India

Channel Performance:

  • EBO (Exclusive Brand Outlet) sales contributed 18.30% in H1FY27
  • EBO sales contributed 12.06% in H1FY26
  • Company is progressively strengthening its EBO-led retail model
  • Corresponding moderation in reliance on SIS (Shop-in-Shop) channel

Demand Outlook

The company provided the following demand perspective:

  • Q2 typically remains a pre-festive planning period with consumers conserving cash
  • Demand expected to gain momentum in Q3 and Q4 FY27
  • Supported by wedding season, Dussehra, Diwali festive season, and year-end celebrations
  • 45-day Dussehra and Diwali festive season generates the largest share of annual revenue
  • Q2FY27 recorded zero festive days compared to 9 days of festive sales in Q2FY26
  • Healthy traction across 136 POS retail network spanning 59 cities and 19 states

Company Background

PNGS Gargi Fashion Jewellery Limited is a branded fashion jewellery retailer backed by the 194+ years legacy of the P. N. Gadgil & Sons Group. The company operates with a diversified portfolio comprising:

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

The company operates through multiple formats including Exclusive Brand Outlets (EBO), SIS (Shop-in-Shop) formats, and Franchise stores, with a strong presence in Maharashtra and growing footprint in select other markets across India.