PNGS Gargi Fashion Jewellery Q2 FY26 Profit Doubles to ₹10.27 Crore; Revenue Growth of 102% YoY

Mumbai, October 29, 2025: PNGS Gargi Fashion Jewellery Ltd (BSE: 543709) recorded a robust operational performance for the second quarter of FY26. The net profit increased more than two-fold year-on-year to ₹10.27 crore compared to ₹5.09 crore in Q2 FY25. The company’s revenue also soared 102% YoY to ₹46.45 crore, driven by strong festive demand, effective pricing, and improved operational efficiency.

PNGS Gargi Fashion Jewellery Ltd, a constituent of the high-end PNGS Group, designs, trades, and retails luxury jewellery at affordable prices – including silver and fashion jewellery. Selling both through brick-and-mortar stores as well as online channels – the firm serves changing consumer trends in contemporary Indian jewellery. Having an equity share capital of ₹10.47 crore and outstanding shares of 1.04 crore, PNGS Gargi is further consolidating its position in the organized retail of jewellery.

Strong Quarterly Growth

PNGS Gargi reported total income of ₹47.73 crore in Q2 FY26, up 107% from ₹23.06 crore in the same quarter last year. Total expenditure increased to ₹33.99 crore from ₹16.15 crore – driven by greater sales volumes and advertising expenditure before the festival season. Profit before tax came close to doubling to ₹13.74 crore – while earnings per share rose 92% year-on-year to ₹9.88. On a sequential basis, revenue rose 70% and profit after tax jumped 93%, demonstrating robust operational strength.

Half-Yearly Performance

For the first half of FY26, PNGS Gargi registered revenue of ₹73.76 crore, up 9.4% from ₹67.41 crore in H1 FY25. Total income increased 12.9% to ₹76.25 crore, while net profit remained flat at ₹15.59 crore compared to ₹15.55 crore the previous year, demonstrating healthy margins in the face of cost inflation. The same is an indicator of the company’s ability to maintain profitability while increasing volumes.

Key Growth Drivers

The strong financial performance was driven by robust demand in the fashion jewellery segment, particularly in the pre-festive season. Improved inventory management, effective cost control, and better product mix helped in margin growth. The company’s digital and retail platforms also saw improved sales, which enabled it to reach a wider customer base in urban and semi-urban markets.

Stock Performance

PNGS Gargi Fashion Jewellery share price surged 18.80% to ₹1,070 as of 2:09 PM IST on October 29, 2025. The stock is still down 26.5% year-to-date, however, capturing sector volatility. In the longer term, it has returned 228% over two years, demonstrating sturdy investor trust. The stock has moved between ₹789.20 and ₹1,516.75 in the last 52 weeks, reflecting sturdy price fluctuations characteristic of growth-stage consumer businesses.

REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/d585ea60-915e-44fc-8a76-1ecf61bf2627.pdf

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