National News
Gargi by P N Gadgil & Sons Reports Stellar Q2 Performance with 102% Revenue Growth: Net Profit Doubles to ₹10.27 Crore.
Fashion Jewellery Brand Continues Explosive Growth Trajectory with Strong Festive Season Momentum
Gargi by P N Gadgil & Sons, India’s fastest-growing affordable fashion jewellery brand, has reported great financial results for the second quarter of FY25-26. This means that its plan to grow and enter new markets is working perfectly well.
The company sold Rs46.45 crore in Q2 FY25-26, which is a strong 102% increase from the same time last year (Rs.22.95 crore in Q2 FY24-25) and a strong 70% increase from the previous quarter (Rs.27.31 crore in Q1 FY25-26). This impressive revenue performance shows that Gargi is becoming more and more dominant in the fashion jewellery market. It also shows that its plan to grow by reaching new customers and areas is working.
Strong operational performance leads to profits
The company’s operating profit for the quarter was ₹13.01 crore, which is 87.4% more than the same quarter last year and 105% more than the previous quarter. This shows that the company is very efficient and has been able to keep its margins high. Net profit jumped to ₹10.27 crore, almost doubling with 101% YoY growth from ₹5.09 crore in the same quarter last year and up 93.37% sequentially. This was due to better brand recognition, better cost management, and a strong performance during the festive season.
Growth is driven by strategic expansion and brand building
This result helps Gargi stay one of India’s best affordable fashion jewellery brands. The brand’s expanding product lines, aggressive new store openings, strong omnichannel presence, and seamless connection between offline and online platforms are all reasons for the growth.
Targeted marketing campaigns and smart partnerships that make the brand more visible are also helping the company do well. Gargi is still very popular with millennials and Gen Z customers who want jewellery that is both accessible and aspirational. The brand is growing in metro and tier-2 cities.
Aditya Modak, the co-founder of Gargi by P N Gadgil & Sons, said, “This quarter’s performance shows how dedicated our team is to changing the way affordable fashion jewellery is made in India. Doubling our sales and profits every year is not only a financial milestone; it also shows how close we’ve become to our customers by making unique products, providing high-quality service, and making shopping easy across all channels. Our strong focus on understanding the goals of millennials and Gen Z, along with the trust we’ve built up over time as a family, has given us a unique value proposition in the market.
This is the fourth year for Gargi, and we have continued to remain profitable and sustain growth through these four years. Now we are more sure than ever that we can keep this growth going and make Gargi the place to go for modern fashion jewellery as we ride the festive wave and open stores in new cities.”
National News
IJEX 6TH Fam provides comprehensive insights into ME market
Five-day immersion under GJEPC’s Export Mentorship Programme equips Indian exporters with market intelligence, retail exposure, and strategic clarity across the UAE jewellery landscape.
The five-day Familiarisation (FAM) Program by GJEPC’s India Jewellery Exposition Centre (IJEX), Dubai, provided Indian jewellery exporters with comprehensive insights into the Middle East market, focusing on regional dynamics, consumer preferences, and retail environments across the UAE.
The 6th batch of the IJEX FAM Programme, initiated and facilitated under GJEPC’s Export Mentorship Programme (EMP), delivered a structured five-day immersion into the UAE jewellery ecosystem, combining market intelligence, design orientation, logistics guidance, and extensive retail visits across Dubai, Abu Dhabi, and Sharjah. Participants consistently highlighted the programme’s practical value, mentorship, and clarity in building export readiness.
Day 1: Understanding the Middle East Landscape
The programme commenced at IJEX with an introduction session followed by a presentation on navigating the Middle East jewellery market, covering regional dynamics, consumer preferences across emirates, export opportunities, and positioning strategies across wholesale and retail segments. Delegates then visited Ithraa Wholesale & Retail, Goldcenter Building, Gold House, Jewel Plaza, Traditional Gold Souq, African Souq, and Gold Land, together representing around 475 retailers and 460 offices, giving participants a broad view of both wholesale and traditional trading ecosystems.
Day 2: New Dubai Retail and Design Insights
A designer interaction session focused on branding, cultural motifs, and regional aesthetics relevant to GCC consumers. Market visits to Mall of the Emirates, Lulu Hypermarket – Al Barsha, Gold & Diamond Park, and Dubai Hills Mall allowed delegates to observe nearly 115 jewellery retailers across luxury malls, diaspora-focused outlets, and specialised diamond boutiques, highlighting differences in merchandising, product mix, and customer behaviour.
Day 3: Logistics, Compliance and Market Diversity
A session by Ferrari Freight Forwarders covered import procedures, documentation, duties, and secure logistics handling. Subsequent visits to Dubai Mall, Dubai Design District (d3), Karama Centre, and Meena Bazaar brought delegates in contact with about 150 retailers, spanning ultra-luxury international brands to culturally driven Indian diaspora markets, reinforcing the diversity of customer segments within the UAE. .
Day 4: Abu Dhabi Market Exploration
Visits to Madinat Zayed Gold Centre, Hamdan Street, and Abu Dhabi Mall covered roughly 132 jewellery stores, offering insights into the capital’s consumer preferences across luxury, traditional Arabic styles, and price-sensitive segments. Delegates reported improved clarity in identifying suitable positioning and product strategies for different emirates.
Day 5: Strategy Alignment and Expansion
The final day focused on one-to-one consultations with the IJEX team, followed by a certificate ceremony and a visit to Sharjah Blue Souq, where delegates explored around 110 jewellery stores known for 18kt, 21kt, and 22kt gold, diamonds, and silver collections, further expanding their understanding of regional demand across the Northern Emirates.
Overall, participants described the programme as informative, well-organised, and strongly supportive, with several stating that the experience provided clarity, confidence, and a concrete roadmap for entering export markets through IJEX.
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