The Board of Directors of PNGS Gargi Fashion Jewellery Limited met on July 31, 2026, from 4:00 PM to 5:15 PM and approved the unaudited standalone financial results for the quarter ended June 30, 2026.

Financial Performance (Quarter Ended June 30, 2026)

Income Statement:

  • Revenue from operations: ₹3,021.62 lakh (₹30.22 crore)
  • Other income: ₹188.08 lakh (₹1.88 crore)
  • Total Income: ₹3,209.70 lakh (₹32.10 crore)

Expenses:

  • Purchase of Stock-in-Trade: ₹2,455.97 lakh
  • Changes in inventories of Stock-in-Trade: (₹709.57) lakh
  • Employee benefits expense: ₹103.60 lakh
  • Finance cost: ₹31.28 lakh
  • Depreciation and amortization expense: ₹75.25 lakh
  • Other expenses: ₹574.58 lakh
  • Total Expenses: ₹2,531.11 lakh

Profitability:

  • Profit before tax: ₹678.59 lakh (₹6.79 crore)
  • Total tax expense: ₹173.63 lakh
  • Profit after tax: ₹504.96 lakh (₹5.05 crore)
  • Other Comprehensive Income, net of tax: ₹0.55 lakh
  • Total Comprehensive Income, net of tax: ₹505.51 lakh

Per Share Data:

  • Basic EPS: ₹4.82
  • Diluted EPS: ₹4.82
  • Paid-up equity share capital: ₹1,047.03 lakh
  • Total number of shares (weighted average): 1,04,70,303
  • Face value per share: ₹10.00

Comparative Performance

Quarterly Comparison (Q1 FY27 vs Q4 FY26):

  • Revenue increased from ₹2,958.67 lakh to ₹3,021.62 lakh
  • Profit after tax decreased from ₹513.99 lakh to ₹504.96 lakh
  • EPS decreased from ₹4.91 to ₹4.82

Year-over-Year Comparison (Q1 FY27 vs Q1 FY26):

  • Revenue increased from ₹2,731.10 lakh to ₹3,021.62 lakh
  • Profit after tax decreased from ₹531.32 lakh to ₹504.96 lakh
  • EPS decreased from ₹5.13 to ₹4.82

Operational Highlights

Business Segments: The company operates in one segment - Trading in fashion/costume jewellery, Gold and Diamond jewellery & Silver jewellery, articles of silver and other articles.

Store Network: As of July 31, 2026, the company has:

  • 36 Shop-in-Shop (SIS) stores with P. N. Gadgil & Sons Limited
  • 54 other entity SIS stores
  • 48 exclusive brand stores (EBO) including Kiosk
  • Total: 138 stores

Tax Compliance: The company has fulfilled its advance tax obligations for FY 2026-27, making payments totaling ₹75 lakhs till June 2026.

Corporate Developments

Preferential Issue: During the previous financial year, the company issued:

  • 90,000 equity shares to promoters at ₹970 per share
  • 22,500 equity shares to non-promoters at ₹970 per share
  • The issue did not result in any change in control or management
  • Purpose: Raise funds for additional marketing expenses for pan-India expansion
  • Utilization: ₹640.20 lakhs utilized out of preferential issue proceeds as of June 30, 2026

Outlook and Guidance

The company noted that ongoing disturbances in West Asia are impacting the global economy, resulting in clear signs of a slowdown in spending and lifestyle consumption among the middle class. This is likely to affect earlier estimates. However, on a long-term basis, customer preference remains intact, and expansion guidance continues as planned.