PNGS Gargi fashion jewellery reports 77%  growth in Akshay Tritiya sales 

PNGS Gargi has kicked off the new fiscal year with an exceptional performance, reporting a massive 77.41% surge in sales during the auspicious festival of Akshay Tritiya. Backed by the 190-year legacy of the P. N. Gadgil & Sons Group, the company achieved total festival revenue of ₹236.82 lakhs, a significant leap from the ₹133.49 lakhs recorded during the same period last year.

The surge in sales highlights a growing consumer appetite for branded fashion jewellery, particularly in the silver and accessible luxury segments. A deep dive into the revenue channels reveals that the company’s “Shop-in-Shop” (SIS) stores were the primary growth engine, contributing a dominant 76.44% to the total festival turnover. 

These stores operate on a FOFO (Franchise Owned Franchise Operated) model, demonstrating the success of Gargi’s asset-light expansion strategy. Meanwhile, the company’s Exclusive Brand Outlets (EBOs) accounted for the remaining 23.56% of sales.