PNGS Gargi Fashion Jewellery Limited conducted an earnings call with investors and analysts on February 13, 2026, following the publication of its Q3FY26 financial results. The company filed the earnings call transcript under Regulation 30 of SEBI regulations on February 16, 2026, with the audio recording and transcript made available on the company's website.

Financial Performance Overview

The company demonstrated strong operational performance during the third quarter of FY26. Revenue from operations stood at ₹4,605.55 lakhs for the quarter ended December 31, 2025, representing a 27% growth compared to ₹3,624.38 lakhs in the corresponding quarter of the previous year. Total income, including other income of ₹166.69 lakhs, reached ₹4,772.24 lakhs for the quarter, with net profit of ₹1,059.87 lakhs showing 16.5% growth.

Management Commentary and Growth Strategy

During the earnings call, Director Aditya Modak highlighted that the company achieved a top-line of ₹46.18 crores with PAT of ₹10.65 crores in Q3. Management noted that after adjusting for one-time sales from the previous year's FOCO to FOFO transition, the actual growth was approximately 54% for the nine-month period. The company opened 16 new locations during the year, exceeding its initial target of 12 stores.

Expansion Plans and Market Position

For the upcoming year, management committed to opening not less than 20 stores, with potential expansion up to 25-30 locations. The company targets pan-India expansion excluding South India, focusing on North Indian markets where fashion jewellery has higher acceptance. Director Amit Modak emphasized the company's asset-light FOCO model, requiring ₹50-60 lakhs investment per store including diamond inventory, compared to ₹1-2 crores for competitors.

Financial Strength and Profitability

The company maintains industry-leading margins with 22.8% PAT margin and 31.3% EBITDA margin, significantly outperforming competitors. Management highlighted the company's zero-debt status with treasury reserves of approximately ₹70 crores, sufficient to fund 25 new stores without additional equity or debt financing. The cost of goods sold improved from 59.51% to 55.30% during the quarter, benefiting from indigenous manufacturing capabilities.

Product Portfolio and Market Dynamics

The company's product mix comprises 57% silver jewellery and 38% diamond jewellery for the nine-month period, with management expecting the diamond segment to reach 45% by H1 of next year. The Indian fashion jewellery market, valued at ₹10,000 crores currently, is projected to reach ₹30,000 crores by 2030, with organized retail comprising less than 10% of the market.

Marketing Investment and Brand Building

The company doubled its marketing spend to ₹6.75 crores for the nine-month period compared to ₹3.64 crores in the previous year. Promoters infused ₹10 crores equity at ₹970 per share specifically for pan-India marketing initiatives. The marketing strategy focuses on digital media, social media platforms, and influencer partnerships to build brand awareness outside Maharashtra.

Source:

PNGS Gargi Fashion Jewellery Limited has announced a key leadership appointment, naming Ms. Hiranyamai Deshpande as the company's new Company Secretary and Compliance Officer. The appointment, effective February 09, 2026, was approved by the Board of Directors at their meeting held on the same date, following a recommendation from the Nomination and Remuneration Committee.

Appointment Details

The company has made this appointment in compliance with Regulation 30 read with Para A of Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015. The formal intimation was communicated to BSE Limited on February 09, 2026.

Professional Background

Ms. Deshpande brings substantial expertise to her new role. She is an Associate Member of the Institute of Company Secretaries of India with membership number ACS-48576. Her educational qualifications include a Master of Laws (LLM) from Pune University, providing her with a strong legal foundation for corporate compliance matters.

Experience and Expertise

The newly appointed Company Secretary brings over 9+ years of experience in handling Company Secretarial compliances. Her extensive background in corporate governance and regulatory compliance positions her well to manage the company's statutory and regulatory obligations. Ms. Deshpande has been associated with PNGS Gargi Fashion Jewellery Limited since September 03, 2025, giving her familiarity with the company's operations and compliance requirements.

Regulatory Compliance

The appointment follows all necessary regulatory procedures and has been communicated to the stock exchange as required. The company has provided detailed information as mandated under SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. This appointment strengthens the company's corporate governance framework and ensures continued compliance with all applicable regulations and listing requirements.