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.
National News
PNG Jewellers Marks 25 Years Of Paud Road Store With ‘Choosing Gold’ Marathi Edition Launch By Actress Shreya Bugade
Launched Within Three Months Of The English Edition, The Marathi Memoir Was Unveiled In The Presence Of Actress Shreya Bugade At PNG Jewellers’ Paud Road Store.
Dr. Saurabh Gadgil, Chairman and Managing Director of PNG Jewellers, launched the Marathi edition of his debut memoir, Choosing Gold, in Pune, in the presence of popular Marathi actress Shreya Bugade. The Marathi edition comes just three months after the book’s English release in August 2026, bringing Dr Gadgil’s personal and professional journey closer to readers in his mother tongue. The launch took place at PNG Jewellers’ Paud Road store, which also celebrated 25 glorious years of serving customers and building lasting relationships in Pune.

Choosing Gold offers a deeply personal account of Dr. Gadgil’s journey as the sixth-generation custodian of PNG Jewellers, one of India’s oldest and most respected jewellery businesses with a legacy spanning 194 years. Originally published in English by Penguin Random House India in August 2026, the memoir reflects on the challenges, defining decisions and experiences that shaped his leadership and the evolution of the business. With the launch of its Marathi edition, this journey now reaches readers in a language closely connected to Dr. Gadgil’s upbringing, family and roots.
More than the story of a successful entrepreneur, Choosing Gold is an honest reflection on the responsibility of carrying forward a legacy while finding one’s own identity. Having taken over the leadership of PNG Jewellers, Dr. Gadgil navigated several defining moments that tested his conviction and shaped his outlook. The memoir revisits the lessons learned from setbacks, conversations with his grandfather and mother that stayed with him over the years, and personal experiences that influenced his decisions. It also offers insight into his approach to leading and transforming a nearly two-century-old family business while remaining rooted in the values on which it was built.
Speaking on the launch, Dr. Saurabh Gadgil, Chairman and Managing Director, PNG Jewellers, said:

“Ever since the English edition of Choosing Gold was released, I had been eagerly looking forward to bringing the book to Marathi readers. Marathi is my mother tongue, and seeing my experiences, decisions and learnings reach readers in my own language is a moment of immense pride and happiness for me. Writing this book allowed me to revisit several moments in my life. Some decisions worked out, some did not, and the significance of a few became clear only years later. Each of these experiences has shaped the person I am today. My family’s values, the rich legacy of PNG Jewellers and the trust our customers have placed in us have all played an important role in this journey.
I am particularly happy that the Marathi edition will allow me to connect with readers in a more personal way. If even one experience from my journey helps someone approach a difficult decision with greater confidence, I would consider the purpose of this book fulfilled.”
Popular Marathi actress Shreya Bugade, who graced the occasion as the chief guest, said:
“It is truly an honour to be part of the launch of the Marathi edition of Dr. Saurabh Gadgil’s Choosing Gold. What makes this occasion even more special is that we are also celebrating 25 glorious years of PNG Jewellers’ Paud Road store. It is a double celebration, and I am delighted to be part of it.”

The launch of the Marathi edition marks another significant milestone in Dr. Gadgil’s journey as an author. Going beyond the world of business, the memoir explores leadership, family, relationships, responsibility and the importance of believing in one’s decisions. Its themes extend beyond entrepreneurs and business professionals, offering relatable experiences and reflections for readers navigating their own ambitions, challenges and choices.


The occasion also marked the silver jubilee of PNG Jewellers’ Paud Road store, celebrating 25 glorious years of customer trust and relationships. Over the past two and a half decades, the store has built a strong connection with generations of customers in the neighbourhood, making it an important part of PNG Jewellers’ journey in Pune.
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