Gargi by PNGS plants kiosks in Kolkata, Ghaziabad to anchor East and NCR clusters

PNG Gadgil's fashion jewellery arm opened kiosks in New Town and Ghaziabad, taking the chain to 126 stores across 65 cities. FY26 revenue rose 49% to Rs 149.47 crore on 32 store adds; FY27 plan is 20 more openings and 35% revenue CAGR.

— Source publishedWed, 10 Jun, 2026, 10:00 IST·First seen Wed, 10 Jun, 2026, 14:25 IST·Source IMAGES Business of Fashion

What happened

Fashion jewellery brand Gargi by PNGS opened kiosks in Kolkata's New Town and Ghaziabad, building NCR and East India clusters. FY26 revenue hit Rs 149.47 crore,

Key facts

  • 2 new kiosks
  • Rs 149.47 crore FY26 revenue
  • 49% YoY growth
  • 32 stores added FY26
  • 126 total stores
  • 65 cities
  • 21 states
  • 20 new stores planned FY27
  • 35% revenue CAGR target

Why this matters

Gargi's 126-store, 65-city footprint at sub-Rs 150 crore revenue makes PNGS's fashion arm a credible bolt-on or partnership target for players seeking instant kiosk distribution in East/NCR.