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PNGS Gargi Fashion Jewellery share price & results

PNGS GARGI FASHION JEWELLERY LIMITED· Consumer Durables· Consumer Discretionary

Results to
Jun 2026
Latest analysed call
Q4 FY26
Ownership as of
Sept 2026

Pune-based fashion jewellery retailer selling 925-certified sterling silver, 14KT diamond and 9KT gold pieces via an asset-light EBO/shop-in-shop network built on the P. N. Gadgil & Sons legacy.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue30.2 ₹ crore+10.7% YoYQuarterly, as filedQuarter to Jun 2026Revenue from operations as filed.
Operating margin19.8 %−3.5 pts YoYOperating profit / revenueQuarter to Jun 2026For the quarter; a change is in percentage points.
Net profit5.1 ₹ crore−4.9% YoYQuarterly, as filedQuarter to Jun 2026Profit after tax as filed.
Return on equity25.98 %−19.4 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin4.72 %−6.0 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)39.50 %−133.7 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Jun 2026

Guidance

What management said, and what became of it

1 of 4 judged targets kept · 7 open · verdicts reflect calls analysed to Q4 FY26.

PNGS GARGI FASHION JEWELLERY LIMITED management guidance track record on Inve: 11 targets tracked across analysed earnings calls (1 achieved, 3 missed, 7 open).

TargetOriginal wordingSaidLatest callVerdict
New EBO Store Openingsat least 10 locations added in FY26
Call transcript, Q3 FY25 · 5 Feb 2025		Q3 FY25Q4 FY26:Added 32 new locations in FY26, including 18 in Q4.
Call transcript, Q4 FY26 · 6 May 2026		Achieved
Online Sales as % of Total6% to 6.5%
Call transcript, Q3 FY25 · 5 Feb 2025		Q3 FY25Q4 FY26:No update provided on online sales percentage.
Call transcript, Q4 FY26 · 6 May 2026		Ghosted
Top Line Revenue₹200 crores or more by FY28
Call transcript, Q3 FY25 · 5 Feb 2025		Q3 FY25Q4 FY26:Management guided FY28 top line to be around INR 260 crores.
Call transcript, Q4 FY26 · 6 May 2026		Revised Up

Source: Inve Guidance Tracker for PNGS GARGI FASHION JEWELLERY LIMITED · to Q4 FY26

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

3 of PNGS GARGI FASHION JEWELLERY LIMITED's 11 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 8 more targets are in the full ledger.

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Price

₹521 +3.99% · +₹20

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance −38.5% 1Y

₹0.6k₹0.8k₹1.0k₹1.2kOct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q3 FY26 — 13 Feb 2026Q4 FY26 — 6 May 2026

1Y: ₹847.6 on 24 Oct 2025 → ₹521. High ₹1,175.3 (31 Oct 2025), low ₹501 (26 Oct 2026).

Previous close
₹501
Market cap
₹912 Cr
52-week range
₹501 – ₹1,175.3
One year
−41.14%
Price to earnings (TTM to Jun 2026)
29.26×
Return on equity (TTM to Jun 2026)
25.98%

Overview

Symbol
NSE:GARGI
Industry
Consumer Discretionary
Exchange
NSE
Currency
INR

What PNGS GARGI FASHION JEWELLERY LIMITED does

Based on the company's own presentations, annual report and earnings calls.

PNGS Gargi designs, sources and retails fashion jewellery across three categories: 92.5% certified sterling silver (its core, mass-premium range), IGI-certified 14KT natural diamond jewellery under the "Utsaav" line, and 9KT plain gold jewellery. It reaches customers through an asset-light, FOFO/FOCO franchise model spanning Exclusive Brand Outlets, shop-in-shop counters inside parent P. N. Gadgil & Sons showrooms, shop-in-shop counters with Shoppers Stop and other third-party retailers, and online/digital platforms. It has recently begun local in-house manufacturing through its own karigars (artisans) after a ban on ready silver jewellery imports.

Segments

  • Sterling Silver Jewellery
  • 14KT Natural Diamond Jewellery
  • 9KT Plain Gold Jewellery
Retail touchpoints (Point of Sale)
126 as of FY26-end — 38 Exclusive Brand Outlets, 34 SIS with P. N. Gadgil & Sons, 54 SIS with Shoppers Stop & other third-party retailers
Geographic presence
21 states; 65 cities
New store additions (FY26)
32 (including 18 in Q4 FY26)
Store retention
100% since inception; zero store closures
Distribution channel formats
4 — Exclusive Brand Outlets, SIS with P. N. Gadgil & Sons, SIS with Shoppers Stop & other retailers, digital/online
Shop-in-Shop partnership with Shoppers Stop
50+ counters
Founded 2021Headquarters Pune, Maharashtra, India Company website

How the price took the results

close before → close after

Q4 FY26
−4.0%
6 May
Q3 FY26
−4.9%
13 Feb

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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