Gargi, the fashion jewellery retailer by P N Gadgil & Sons (PNGS), is gearing up to unveil its 25th shop-in-shop (SiS) outlet within Shoppers Stop in Andhra Pradesh.
The 24th SiS outlet of the retailer will be inaugurated on Thursday in Cyberabad, Hyderabad. Subsequently, the 25th store will be opened on Sunday in Vijayawada, Andhra Pradesh. By the end of the weekend, all 25 SiS stores will be up and running.
Gargi’s Remarkable Growth in FY 2024
The retailer noted a surge in yearly sales, marking a 76.07% increase to INR 50.48 crore in FY 2024.
Continue Exploring: PNGS Gargi Fashion Jewellery sees 76% surge in annual sales in FY24
Gargi is renowned for its fashion jewellery crafted from brass and 92.5 sterling silver. Recently, it introduced its diamond collection. The retailer has a presence in several Shop-in-Shop stores of Shoppers’ Stop in Mumbai, Nashik, and Bengaluru, along with five exclusive outlets in Pune and two franchise stores— one in Nashik and another in Vashi (Mumbai).
In December 2022, the company made its debut on the stock exchange. It showcases a diverse portfolio of over 15,000 stock-keeping units (SKUs) and witnessed remarkable growth in its inaugural year, recording a sixfold surge in revenue. Operating across 24 locations, including twelve major metro cities spanning six states of India, the company has yielded over 1700% returns to its investors over the past 13 months.
Continue Exploring: Gargi expands its presence in Pune with a second store opening, showcasing exquisite diamond collection