National News
Gargi by P. N. Gadgil & Sons Closes FY25 with ₹126.3 Cr Revenue, Net Profit Up 240%; Board Approves Fundraise of ₹15 Cr
Gargi by P. N. Gadgil & Sons reported a strong close to the financial year 2024–25, posting a total income of ₹128.4 crore, up from ₹51.1 crore in FY24. Net profit after tax surged to ₹28.8 crore, a sharp increase from ₹8.4 crore last year, marking a 240% year-on-year jump.
The performance comes on the back of an expanded retail footprint and an operational transition to a more scalable model. As of March 31, 2025, the company operates 33 franchised stores, 51 Shop-in-Shop (SIS) outlets, and 14 exclusive brand stores.
In a strategic move to fuel future growth, the Board of Directors has approved raising to ₹15 crore through permissible instruments, including equity shares, qualified institutional placements (QIP), preferential allotments, rights issues, or a combination thereof, subject to regulatory and shareholder approvals.

Speaking about this, Aditya Modak, co-founder of Gargi by P N Gadgil & Sons, said, “FY25 was a transformative year, not only in terms of growth but in the way we structure and scale our business. The shift to a FOFO model is a long-term strategic decision, and the results have validated our direction. We are now focused on deepening distribution and leveraging operational efficiencies across our franchise and SIS formats.”
Notably, FY25 also marked the transition of the SIS operations from a FOCO (Franchisee Operated Company Owned) model to a FOFO (Franchisee Owned Franchisee Operated) model. Under the new structure, the company now sells goods directly to the franchisee, who sells to end customers, enabling a leaner inventory and capital model.
The change in model makes current-year figures non-comparable with earlier periods. Still, an internal reconciliation exercise indicates that if the earlier FOCO model had continued, the company would have recorded ₹82.4 crore in end-customer sales and a potential profit before tax of ₹23.3 crore.
National News
Gold Is Back On The Moodboard: Palmonas’ 9KT Jewellery Picks For Festive Gifting
Versatile 9KT Gold and Lab-Grown Diamond Jewellery, Blending Contemporary Designs With Timeless Festive Gifting Appeal.
As gold finds its way back into festive wardrobes, jewellery is taking on a contemporary edge with designs that balance tradition, versatility and modern aesthetics. Palmonas brings together a curated selection of 9KT Gold jewellery featuring Lab-grown diamonds, offering thoughtful gifting options for the festive season. From delicate everyday accents to meaningful pieces that celebrate love and relationships, the collection brings a fresh perspective to gold jewellery.
The selection features designs that transition effortlessly from festive celebrations to everyday styling, making them versatile additions to any jewellery collection.
Bloom Cluster 9KT Gold Laboratory-Grown Diamond Ring
Inspired by a blooming flower, the Bloom Cluster Ring features lab-grown diamonds arranged in a floral cluster to create a radiant design. Set in 9KT gold, its balance of soft detailing and striking sparkle makes it a thoughtful gift for someone who appreciates feminine, contemporary jewellery.

Forever Linked Heart 9KT Gold Laboratory-Grown Diamond Bracelet
Symbolising connection, the Forever Linked Heart Bracelet pairs a delicate chain with an infinity-inspired motif accented by pavé diamonds. Lightweight and versatile, it can be worn on its own for a minimal look or layered with other bracelets, making it a meaningful gifting choice for the festive season.

Swirling Pearl 9KT Gold Laboratory-Grown Diamond Earrings

Combining the elegance of pearls with the brilliance of lab-grown diamonds, the Swirling Pearl Earrings feature a fluid, curved design that wraps around a luminous pearl. Their contemporary silhouette makes them suitable for festive occasions as well as everyday wear, offering a refined alternative to traditional occasion jewellery.
Luna Swing 9KT Gold Laboratory-Grown Diamond Halo Necklace
Inspired by the beauty of moonlit nights, the Luna Swing Halo Necklace features a delicate circular design that brings together simplicity and sparkle. Its versatile silhouette works across daytime festivities and evening celebrations, making it an easy-to-style gift for those who prefer understated elegance.

Endless Love Infinity 9KT Gold Laboratory-Grown Diamond Mangalsutra

Blending traditional symbolism with contemporary design, the Endless Love Infinity Mangalsutra features an infinity-inspired pendant embellished with lab-grown diamonds. Representing enduring love and connection, the design offers a modern interpretation of a meaningful jewellery staple, making it a considered festive gift for a partner or spouse.
Stella 9KT Gold Laboratory-Grown Diamond Mangalsutra Bracelet
For those who prefer a more minimal take on traditional jewellery, the Stella Mangalsutra Bracelet offers a subtle sparkle while retaining the significance of the mangalsutra. Its understated design pairs easily with ethnic ensembles and modern silhouettes, making it a versatile choice for everyday wear and festive gifting alike.

With this selection, Palmonas brings together the appeal of gold, the brilliance of lab-grown diamonds, and designs suited to contemporary lifestyles. Whether chosen to mark a special relationship or to add a thoughtful touch to festive gifting, these 9KT jewellery pieces offer a modern way to make gold part of the season’s celebrations.
The designs can be personalised in white, yellow, or rose gold tones, allowing each piece to reflect individual style.
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