Announced Wed, 6 May · 19:49 IST

With reference to earlier Investor Presentation filed on May 06, 2026, enclosed herewith revised Investor Presentation with minor modifications.

Analyst Day Multiyear TargetsCfo Debt Reduction RoadmapInvestor Communications View source PDF

Price

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Price reaction · full curve 14 horizons · vs prior close
-2.9%1-day move
₹905.05
prior close
₹910.00
base price
After-mkt
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AI summary

PNGS Gargi Fashion Jewellery, a youth-focused fashion jewellery brand backed by 193+ year old P.N. Gadgil & Sons, reported FY26 revenue of Rs 149 crore (up 18% YoY) with EBITDA of Rs 39.6 crore (27% margin) and PAT of Rs 31.3 crore (21% margin). The company operates 126 Point of Sales across 21 states and 65 cities, having added 32 new stores in FY26. Product mix includes sterling silver jewellery (56% revenue), 14KT diamond jewellery (34%), and 9KT gold jewellery (3%). The company maintains a debt-free balance sheet with ROE of 37% and ROCE of 38%. Brand ambassador Mithila Palkar continues partnership into 2026. Management targets ~35% revenue CAGR through disciplined execution with 20+ POS additions annually.

Likely market impact

Strong operational performance with consistent profitability and capital efficiency makes this an attractive mid-cap growth story in the fashion jewellery space. The debt-free model and 100% store retention since inception indicate disciplined execution, though EBITDA margin compression from 30% to 27% warrants monitoring.