Gargi by PNGS adds Kolkata, Ghaziabad kiosks; eyes 20 more stores in FY27
P N Gadgil & Sons' fashion jewellery arm Gargi opened kiosks at Kolkata's City Centre II and Ghaziabad's North India Mall, taking its footprint to 126 points of sale across 65 cities. Brand posted ₹149.47 cr revenue with 49% YoY growth and is targeting ~35% revenue CAGR with 20 new stores in FY27.
What happened
Gargi by PNGS, fashion jewellery arm of P N Gadgil & Sons, opened kiosks at Kolkata's City Centre II and Ghaziabad's North India Mall. Brand reported ₹149.47 cr
Key facts
- 2 new kiosks
- revenue ₹149.47 crore
- 49% YoY growth
- 32 new stores added
- 126 points of sale
- 65 cities
- 21 states
- 20 new stores planned FY27
- ~35% revenue CAGR target
Why this matters
Gargi's asset-light kiosk playbook across Tier-1 and Tier-2 cities signals a credible challenger in branded fashion jewellery—monitor for partnership, white-label, or minority-stake opportunities ahead of FY27 expansion.