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Gargi by P.N. Gadgil and Sons Has Been Changing the Way Young People Wear Fashion Jewelry for Four Years

Fashion jewellery brand celebrates a milestone anniversary with plans to keep growing and coming up with new ideas.

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Gargi by P.N. Gadgil and Sons is one of India’s best fashion jewellery brands. It has been changing the fashion jewellery scene for millennials and Gen Z consumers for four years now. Since it started in 2021, the brand has become known for making stylish jewellery that doesn’t cost a lot. It does this by combining traditional craftsmanship with modern design.

A Journey of Growth and Excellence
Gargi has reached some amazing goals in the past four years that show how much it cares about quality, new ideas, and happy customers. The brand has grown to have more than 100 stores across India, and it still has a strong online presence through its website and mobile apps. This approach, which uses multiple channels, has helped Gargi reach customers in big cities and tier-2 markets, making fashion jewellery available to more people.
The brand’s financial success shows that it has a strong position in the market. Gargi made Rs.73.76 crore in sales and Rs.15 crore in net profit in the second quarter of FY25-26. As of today, the company’s market capitalisation is Rs.1150 crore. The brand has consistently grown quarter over quarter, thanks to the holiday season, a bigger retail presence, and strong consumer demand for its modern fashion jewellery collections.

Aditya Modak


Aditya Modak, co-founder of Gargi by P.N. Gadgil and Sons, said about this milestone, “These four years have been an amazing journey of growth, learning, and gratitude. We thought that jewellery should be more than just precious metals and stones when we started Gargi. It should be about capturing the most beautiful moments in life. Today, as we celebrate this milestone, I want to thank everyone who has been a part of this journey: our dedicated team, our visionary stakeholders, our skilled artisans, and most importantly, our customers who have trusted us with their most important moments.

We are still committed to designing new things, improving our craftsmanship, and getting Gargi closer to more customers all over India. We want to keep making jewellery that you can pass down to your children and grandchildren while still being modern and easy to find.”


Innovation and a Range of Products
Gargi has a wide range of products that are suitable for different types of customers and events. The brand sells jewellery made of 92.5% sterling silver, modern brass fashion pieces, and 9, 14, and 18 carat gold and rose gold jewellery with real diamonds. The Kids Collection, which is made just for kids and has safety-first designs with rounded edges and secure fastenings, and special holiday collections that come out at the same time as major Indian festivals are some of the newest things to come out.
The brand has always tried to combine quality with low prices. They have items at different price points to fit different budgets while still making sure that the craftsmanship is always top-notch.

Building on the past to make the future
Gargi is part of a legacy spanning more than 190 years of P.N. Gadgil and Sons. It uses centuries of jewellery-making knowledge while also embracing modern design styles. The brand has been listed on the stock exchange since December 2022. It has shown good corporate governance and openness while still focusing on customer satisfaction and new products.

Growth and a Vision for the Future
Gargi wants to open more stores, improve its digital capabilities, and keep coming up with new product designs that meet changing customer needs. The brand’s multi-format retail strategy, which includes exclusive brand stores, shop-in-shop arrangements, and partnerships with major e-commerce platforms, positions it well for sustained growth in the coming years.
The brand keeps putting money into its retail infrastructure, digital marketing, and customer experience at all points of contact. This keeps it at the top of the fashion jewellery industry in India.

About Gargi by P.N. Gadgil and Sons.
Gargi by P.N. Gadgil and Sons is a modern fashion jewellery brand that makes trendy, cheap jewellery for people 20 and older. Gargi is part of the more than 190-year history of P.N. Gadgil and Sons. It was founded in 2021 and went public in December 2022. Gargi has more than 100 stores in India and a strong online presence. It combines traditional craftsmanship with modern design and ease of access.

Recent Performance Highlights:

• Rs.73.76 crore in revenue for Q2 FY25-26
• Net Profit for the second quarter of FY25-26: ₹15 crore
• Market Cap: ₹1150 crore (as of November)
• Store Network: More than 100 stores in India.

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National News

India-Oman CEPA Opens New Export Corridor As First Gold Jewellery Shipment Departs From Kolkata

First Duty-Free Gold Jewellery Consignment Under The India-Oman CEPA Departs From Kolkata, Paving the Way For Stronger Trade Ties and An Estimated Fivefold Growth In Exports To Oman Over The Next Three Years.

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In a significant milestone for India’s gems and jewellery sector, the first shipment of gold jewellery from Kolkata to Oman under the India-Oman Comprehensive Economic Partnership Agreement (CEPA) was dispatched today, marking the commencement of direct duty-free exports from Eastern India to the Sultanate of Oman. The maiden consignment, exported by Kolkata-based jewellery manufacturer Wonder Jewels, was flagged off in the presence of Smt. Arti Saxena, IRS, Commissioner of Customs, Kolkata (Airport & Air Cargo Complex) and Shri Pankaj Parekh, Regional Chairman, Eastern Region, GJEPC and other officials.

The India-Oman CEPA, which came into force on 1 June 2026, provides duty-free access for Indian gold jewellery and diamonds in the Omani market, enhancing the competitiveness of Indian products and creating new opportunities for exporters. The agreement is expected to strengthen direct trade links between the two countries while reducing dependence on intermediary trade routes.

Oman represents a promising destination for Indian gems and jewellery exports. India’s exports of gems and jewellery to Oman currently stand at around USD 35 million, including approximately USD 10 million in gold jewellery exports. Industry estimates indicate that exports to Oman could increase to nearly USD 150 million over the next three years, driven by improved market access and growing demand for Indian jewellery in the region.

Commenting on the development, Kirit Bhansali, Chairman, GJEPC, said:

“We have already witnessed the positive impact of India’s trade agreements, particularly the India-UAE CEPA and the India-Australia ECTA, in expanding market access and creating new opportunities for our exporters. Despite geopolitical uncertainties and the challenges posed by evolving tariff regimes during FY 2025-26, the gems and jewellery sector delivered exports of nearly USD 28 billion, reflecting the resilience of the industry and the benefits of market diversification.

We are confident that the India-Oman CEPA will further strengthen India’s presence in the Gulf region and open new avenues for export growth. We thank the Government of India for its continued efforts to secure trade agreements that support the growth and global competitiveness of our industry.”

Pankaj Parekh, Regional Chairman, Eastern Region, GJEPC, said:

“The first shipment from Kolkata under the India-Oman CEPA highlights the growing role of Eastern India in India’s gems and jewellery export ecosystem. Direct duty-free access to the Omani market will eliminate the need for costly routing through the UAE, making Indian jewellery more competitive while enabling faster deliveries and greater efficiency. The agreement opens up new business opportunities for exporters from the region, and we expect this development to encourage more companies to explore Oman and the wider Gulf market.”

Industry stakeholders believe the India-Oman CEPA will further strengthen bilateral trade and position Oman as an important gateway for Indian jewellery exports to the wider Gulf region.

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