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Earnings Call

PNGS Gargi Fashion Jewellery Earnings Call: Key Takeaways

PNGS Gargi reports strong FY26 performance with 48% adjusted revenue growth and 43% operating margins. Strategy focuses on pan-India expansion and asset-light retail growth.

Why this was an Alfa AlertREVENUE BEAT: Guided minimum 20 store additions for FY26; delivered 32 stores (60% above guidance), explicitly cited by management.
Highlights
Revenue growth48% adjusted YoY growth for FY26.
MarginsPAT margins consistent at 20%; 14KT studded jewellery contributes 35%.
Demand visibilityStrong momentum in millennials/Gen Z for lightweight everyday wear.
Management confidenceHigh; accelerated expansion plans based on strong cash surplus (₹78cr).

Growth

FY26 revenue hit ₹149.40cr (up 48% adjusted). Q4 PAT grew 25.88% YoY to ₹5.14cr with 17.4% margin.

Outlook

Guided 35% CAGR over next few years. Targeting 20+ new stores in FY27, funded via internal accruals.

Risks

High dependency on parent SIS stores (78% of revenue); raw material price volatility in gold and silver.

Source

Earnings Call filed with BSE, BSE: 543709. Summary written with AI assistance from the document.

Read the document ↗

PNGS Gargi Fashion Jewellery Ltd: key numbers

Share price
₹614.30
Market cap
₹643.2 Cr
Revenue (annual)
₹149.4 Cr
Net profit (annual)
₹31.33 Cr
P/E (TTM)
20.5×Sector 55.7×
Promoter holding
68.28%+0.00% QoQ
FII holding
0.07%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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PNGS Gargi Fashion Jewellery Capacity Expansion

PNGS Gargi opened a new exclusive brand store at Boulevard Walk Mall, Greater Noida (West). This adds one retail outlet to its store network.

exclusive brand store
1 stores