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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

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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.”


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National News

Abaran Timeless Jewellery Champions Heritage Conservation To Safeguard Traditional Craftsmanship

Support For Hastashilpa Heritage Village Reflects A Commitment To Preserving India’s Architectural and Artisanal Legacy For Future Generations.

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As India’s historic buildings continue to face mounting pressure from urbanisation, redevelopment, and changing lifestyles, concerns are growing not only about the loss of architectural landmarks but also the disappearance of the traditional skills and craftsmanship that created them. Recognising this challenge, Abaran Timeless Jewellery has extended its support to Hastashilpa Heritage Village, reinforcing the importance of preserving cultural heritage and artisanal knowledge.

Through the Abaran Foundation, the philanthropic arm of the Bengaluru-based jewellery house, the company supports a range of initiatives spanning education, healthcare, community welfare, arts, and heritage conservation. Its association with Hastashilpa Heritage Village reflects a deeper commitment to protecting India’s rich cultural legacy beyond the jewellery industry.

Located in Manipal, Hastashilpa Heritage Village is regarded as one of India’s most significant heritage conservation projects. Founded by conservationist Vijaynath Shenoy, the village has successfully rescued and reconstructed traditional homes from across coastal Karnataka, preserving architectural styles and craftsmanship that may otherwise have been lost to neglect or redevelopment.

The conservation process shares many similarities with the art of jewellery making. Every carved beam, decorative element, and handcrafted detail requires meticulous documentation, restoration, and respect for traditional techniques. Much like restoring an heirloom jewel, preserving heritage architecture demands both technical expertise and cultural sensitivity.

For Pratap Kamath, Managing Director of Abaran Timeless Jewellery, the initiative holds personal significance. He noted that the heritage village is located in Udupi, where Abaran was originally founded by his grandfather, Sri Sadanand Kamath. According to Pratap Kamath, the company was inspired by the efforts to preserve heritage homes that might otherwise have vanished as younger generations moved away in search of new opportunities.

His observations reflect a wider concern within the luxury and craft sectors. Whether restoring a centuries-old structure or creating a handcrafted jewel, both disciplines depend on knowledge and expertise that cannot be easily replicated through mass production. Once lost, such skills are extremely difficult to recover.

At the same time, consumers are increasingly drawn to brands that demonstrate authenticity, cultural relevance, and a commitment to preserving heritage. As a result, heritage conservation is evolving from a philanthropic activity into an important reflection of a brand’s values and identity.

Initiatives such as Hastashilpa Heritage Village serve as an important reminder that heritage extends beyond products—it also includes the ecosystems of craft, culture, knowledge, and tradition that make those creations possible.

As India’s architectural treasures and jewellery traditions navigate similar challenges, efforts to preserve one may ultimately help protect the other, ensuring that valuable skills and cultural legacies continue to inspire future generations.

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