National News
PNGS Gargi Fashion Jewellery Ltd had a great first quarter of FY26, with sales up 20.4% to ₹27.31cr
PNGS Gargi Fashion Jewellery Ltd reported a strong Q1 FY26, with sales up 20.4% to ₹27.31 crore and net profit rising 29.3% to ₹5.31 crore, driven by its successful shift from a FOCO to FOFO model for SIS locations with P. N. Gadgil & Sons.
PNGS Gargi Fashion Jewellery Ltd announced a highly successful first quarter of FY26, marked by a 20.4% increase in sales to ₹27.31 crore and a substantial 29.3% rise in net profit to ₹5.31 crore compared to the previous quarter. The company attributes this strong financial performance to its strategic business model change, specifically the successful transition of its Shop in Shop (SIS) locations with P. N. Gadgil & Sons from a FOCO to a FOFO model.
The company also highlighted its operational efficiency, a vast product portfolio of over 15,000 SKUs, and an expanding retail network of 98 touchpoints. Looking forward, the company is in a strong position with a debt-free status. It plans to use a proposed preferential issue to accelerate retail growth, invest in design and new product categories, and improve its digital and manufacturing infrastructure.
The release also points to a successful “Monsoon Offer” marketing campaign that saw a 35% increase in customer response, demonstrating effective marketing strategies. The company is actively focused on geographical expansion, product innovation, and digital integration to leverage the growth opportunities in the Indian fashion jewelry market.
IIGJ Jaipur organised a three-day educational tour to Bikaner from 21st to 23rd November, giving students a close look at kundan-meena craftsmanship and the city’s cultural legacy.
The tour opened with a visit to a kundan-meena manufacturing unit where students observed core processes such as ghat making, jadai, and engraving. The next day included another factory visit focused on engraving and enamelling, followed by an interaction with artisans and jewellers and a walk through a unit producing exclusive jewellery pieces.
The final day was dedicated to heritage learning at Junagarh Fort, offering students a deeper sense of Bikaner’s history and architecture. The group returned to the IIGJ Jaipur campus late on 23 November. The tour offered practical exposure that strengthened classroom learning and broadened students’ understanding of traditional jewellery practices.
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