New Premises
Gargi By PNGS Expands With Four New Stores, Marks Strong Retail Growth
New Outlets in Ravet, Baner, Paud Road (Pune), and DSL Mall, Hyderabad, Reinforce the Brand’s Position as one of India’s Fastest-Growing Fashion Jewellery Names.
Gargi by P N Gadgil & Sons (PNGS), one of India’s fastest-growing listed fashion jewellery brands, has closed its financial year on an emphatic note with the launch of four new exclusive brand outlets — three in Pune’s Ravet, Baner, and Paud Road neighbourhoods, and one at DSL Mall, Hyderabad. The openings mark a fitting close to a year in which Gargi cemented its status as a standout performer in the branded fashion jewellery category, backed by strong financials, an aggressive retail rollout, and a market capitalisation exceeding Rs. 800 crore.
The Ravet store, located at Yashada Windsons, opened on March 26, 2026, followed closely by the launches in Baner and Paud Road — two of Pune’s most aspirational residential and commercial corridors. The Hyderabad outlet at DSL Mall extends Gargi’s footprint in Telangana, a market the brand has been methodically building for the past two years.
Each of the new stores offers Gargi’s full range of contemporary collections — from everyday 925 sterling silver pieces to certified natural diamond lines — designed for the modern Indian consumer seeking wearable, design-forward jewellery at accessible price points.
Speaking about the milestone, Aditya Modak, Co-founder and Director, Gargi by PNGS, said:
“March has always been a defining month for us — it’s when the year’s effort becomes visible. These four launches are not just stores; they are proof of what we set out to build. Ravet, Baner, and Paud Road reflect how deeply Pune continues to trust and embrace Gargi, while Hyderabad tells us our South India story is only getting stronger. As we close this financial year, we are proud to say that we are building not just a bigger brand, but a more meaningful one — one neighbourhood, one customer, one conversation at a time.”
The March launches cap what has been a landmark year for Gargi by every measure. The brand reported nine-month revenues of Rs. 119 crore for FY2025–26, with quarterly revenues crossing Rs. 46 crore in Q3 — a 27% year-on-year jump. Net profit for the same quarter grew by more than 15% year-on-year, and the company has maintained profitability in every quarter since inception. With an EBITDA margin of approximately 31% and a debt-free balance sheet, Gargi’s financial profile stands out sharply in a category still dominated by unorganised players.
From a market-cap perspective, Gargi trades at a valuation in excess of Rs. 800 crore on the BSE — a remarkable milestone for a brand that only commenced retail operations in 2021. The brand now operates across 40+ cities through a combination of exclusive brand outlets, franchise stores, and Shop-in-Shop formats — and has set its sights on at least one new store opening per month through FY2026–27.
Earlier this financial year, the brand opened 12 exclusive brand outlets, launched in Aurangabad and Indore, expanded into Delhi’s Pitampura and Pimple Saudagar in Pune, and opened a store at Spectrum Metro Mall, Noida. The four March launches bring the brand’s pan-India exclusive store count to its highest yet.
New Premises
Prismara By KGK Group Launches Its First Retail Store In New Delhi, Introducing A New Era Of Lifestyle Jewellery
Prismara by KGK Group, India’s emerging lifestyle jewellery brand redefining modern luxury, has announced the launch of its first-ever physical retail store in the capital. Located at Ground Floor, Right Side Portion, A-89, Central Market, Lajpat Nagar, New Delhi – 110024, the store marks Prismara’s formal entry into offline retail and its debut in one of India’s most vibrant jewellery markets.
This milestone is more than a store opening—it marks Prismara’s official debut as a fully immersive, in-person lifestyle jewellery experience. Backed by the 120-year legacy of the KGK Group, Prismara brings to Delhi a distinctive proposition: the fusion of lab-grown diamonds with natural gemstones such as rubies, sapphires, and emeralds, sourced through KGK’s global mining and supply network.
Designed as a lifestyle jewellery destination rather than a traditional showroom, the Prismara store offers a warm, curated, and pressure-free environment. Customers can explore myriad collections including rings, earrings, pendants, bracelets, and charms while gaining a deeper understanding of craftsmanship, sourcing, and materials.
Every piece is crafted in 14k and 18k gold and available in rose, white, and yellow finishes. Each piece is also BIS hallmarked and certified, ensuring authenticity and transparency. Prismara stands apart in the lab-grown diamond space by moving beyond affordability and ethics, combining lab-grown diamonds with naturally sourced coloured gemstones to offer a distinctive lifestyle jewellery offering.
Saransh Kothari, CEO, Prismara, representing the fifth generation of the KGK Group, said:
“Natural gemstones carry the story of the earth. Lab-grown diamonds carry the story of what we can build. Prismara brings them together — not as a compromise, but as a statement. Delhi is where we bring that statement to life for the first time — where people can walk in, feel the pieces, and decide what they mean to them. We want people to wear color, play with it, and feel that what they put on actually matters.”
This fusion is powered by KGK Group’s vertically integrated global operations, spanning mines to retail across 20+ countries, with direct sourcing from Myanmar, Zambia, Tanzania, and Colombia, ensuring unmatched provenance among new-age jewellery brands. The collections include Ombre (gradient designs), Kaleido (vibrant multi-stone pieces), Flora & Fauna (nature-inspired), Forever Love (romantic jewellery), and Timeless Classic (everyday essentials).
Special Launch Offer
To celebrate the grand opening, Prismara is offering 0% making charges for the first 100 customers, exclusively at the Lajpat Nagar store.
Following its Delhi debut, Prismara plans to expand into Gurugram and Jaipur, with a focused, experience-led retail strategy. The brand aims to establish itself as India’s most credible and loved lifestyle jewellery brand for the new generation, bridging heritage craftsmanship with contemporary expectations.
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