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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

MMTC-PAMP Appoints Sidharth Malhotra As Brand Ambassador

As Part Of The Association, Sidharth Will Lead MMTC-PAMP’s New Integrated Campaign, ‘Purest And More,’ Showcasing The Brand’s Expanding Portfolio Across Physical Precious Metals, Digital Investments and Responsible Gold Recycling.

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MMTC-PAMP, India’s only London Bullion Market Association (LBMA)-accredited Good Delivery  Gold & Silver refiner, today announced acclaimed actor Sidharth Malhotra as its Brand Ambassador, marking a significant  milestone in the brand’s journey to strengthen its connection with a new generation of consumers. As part of the association,  Sidharth will lead MMTC-PAMP’s new integrated campaign, ‘Purest And More,’ showcasing the brand’s expanding portfolio  across physical precious metals, digital investments and responsible gold recycling. 

The integrated campaign showcases MMTC-PAMP’s complete ecosystem, from 24K 999.9+ purest gold and silver coins and  bars to digital gold and silver, gold recycling, online purchasing and assured buyback services. Through relatable, everyday  moments and festive celebrations, the campaign reinforces MMTC-PAMP’s position as India’s most trusted precious metals  brand while making gold ownership more relevant, accessible and convenient for today’s consumers. 

Announcing the association, Samit Guha, Managing Director and CEO, MMTC-PAMP said:

“We are delighted to welcome  Sidharth Malhotra to the MMTC-PAMP family. Sidharth has built a strong reputation through authenticity, credibility and a  modern outlook—qualities that closely reflect the values of our brand. As one of India’s most admired and influential actors,  he enjoys a deep connect across generations, making him an ideal ambassador as we continue expanding the reach of MMTC PAMP among both seasoned investors and first-time buyers.

This partnership comes at an exciting phase in our growth as we  continue to redefine precious metals ownership through innovation, responsible sourcing and world-class quality. Through  our ‘Purest And More’ campaign, we are showcasing how MMTC-PAMP today offers far more than physical gold—from digital  investments and online buying to gold recycling and assured buyback—while remaining uncompromising on purity and trust.”

The campaign film unfolds through a series of relatable family moments around a wedding celebration, with Sidharth  naturally introducing consumers to MMTC-PAMP’s diverse offerings. The storytelling highlights that every MMTC-PAMP  offering is backed by the brand’s commitment to purity, trust and convenience while reinforcing its promise of “Purest And  More.” 

Speaking on the association, Sidharth Malhotra said:

“MMTC-PAMP has built a remarkable reputation for purity, trust and  innovation, while also modernising the way people invest in and experience precious metals. Whether it’s celebrating life’s  milestones, building long-term wealth or embracing more responsible choices through recycled gold, the brand continues to  stay relevant for today’s consumers. I’m excited to be part of this journey and look forward to connecting with people through  the ‘Purest And More’ campaign.”

The association brings together one of India’s most recognised actors with one of the country’s most trusted precious metals  brands at a time when consumer interest in certified physical gold, digital gold and sustainable precious metals solutions  continues to grow. With Sidharth Malhotra as the face of the brand, MMTC-PAMP aims to further strengthen its leadership  position while deepening engagement with a younger, digitally connected audience. 

The campaign will be amplified across television, digital platforms, social media, print, retail stores and e-commerce channels,  with dedicated creatives highlighting key offerings including digital gold and silver, festive gifting, Virasat recycled gold,  Akshaya Tritiya, Diwali and MMTC-PAMP’s certified purity credentials. 

Link to the TVC (YouTube):

Link to the TVC (Instagram):https://www.instagram.com/p/DciH4s7tim5//

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