PNGS Gargi Fashion Jewellery Ltd expanded its retail footprint by opening a new exclusive brand store at Lulu Mall in Bengaluru on July 18, 2026. The store is situated at Old Ward No. 25, Mysore Deviation Road, Opposite Sujata Theatre, Gopalapura, Rajajinagar, Karnataka- 560023. This strategic expansion aims to strengthen the company's presence in key markets and enhance customer accessibility to its fashion jewellery collections.

The disclosure was made to BSE Limited under Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirement) Rules, 2015. The company, formerly known as PNGS Gargi Fashion Jewellery Private Limited, operates under the brand Gargi and is promoted by P. N. Gadgil & Sons. The new store opening is part of the company's broader strategy to increase its physical retail network across India.

Store Details

The filing was signed by Hiranyamai Deshpande, Company Secretary & Compliance Officer of PNGS Gargi Fashion Jewellery Limited. The company's registered office is located in Pune, Maharashtra, and it maintains a digital presence through its websites www.gargibypng.com and www.gargi.shop .

PNGS Gargi Fashion Jewellery Limited reported an 11.61% year-on-year increase in total revenue from operations to ₹3,048 lakhs for the first quarter ended June 30, 2026. The growth was driven by consumer confidence and an expanding retail network, with the company anticipating stronger demand in the upcoming festive and wedding seasons. The revenue figure is subject to limited review by the statutory auditors.

Operational Performance

The company's financial performance for Q1FY27 compared to the corresponding period of the previous year is summarised below:

Management attributed the performance to a strategic shift towards Exclusive Brand Outlets (EBOs) and away from the Shop-in-Shop (SIS) channel. Sales through EBOs rose significantly to ₹690 lakhs in Q1FY27 from ₹241 lakhs in Q1FY26. During Akshaya Tritiya, the company recorded revenue of approximately ₹237 lakhs, a 77.41% increase from the ₹133 lakhs generated in the previous year.

Business Outlook

The company operates a retail network of 135 point of sales across 60 cities and 19 states. Management stated that demand outlook remains positive, supported by the upcoming wedding season and festive buying. Persistently high gold prices are driving consumers towards affordable and trendy jewellery, while a preference for branded products supports the shift towards organised retail.