Pune | 7 July 2026: Gargi by P N Gadgil & Sons (PNGS), one of India’s rapidly expanding listed fashion jewelry brands, has strengthened its retail presence with the launch of two new kiosks at Lakeshore Mall, Kukatpally, Hyderabad, and Pacific Mall, Tagore Garden, New Delhi. The new outlets offer a curated selection of 925 sterling silver jewelry and premium fashion jewelry, bringing the brand’s contemporary everyday-wear collections closer to consumers in two of India’s busiest shopping destinations.
The latest openings build on Gargi’s expansion strategy during the first quarter of FY27. In May, the brand added four new points of sale across Delhi, Kolkata, Lucknow, and Ghaziabad. The June launch further reinforces its presence in Hyderabad and the Delhi-NCR region, where the company has steadily expanded through a combination of exclusive stores, shop-in-shop formats, and kiosks.
The newly launched kiosks are strategically located within two high-footfall retail destinations. Lakeshore Mall serves one of Hyderabad’s largest residential and commercial catchments in Kukatpally, while Pacific Mall in Tagore Garden remains a prominent lifestyle and shopping destination for consumers across West Delhi. Both locations have been selected to enhance customer accessibility and strengthen the brand’s visibility in key metropolitan markets.
Kiosks continue to play a central role in Gargi’s retail expansion model. Designed as compact and operationally efficient formats, they enable the company to establish a presence in premium retail environments while maintaining a disciplined approach to capital deployment. The format also allows customers to conveniently explore the brand’s collections during routine shopping visits, supporting higher consumer engagement.
Commenting on the expansion, Aditya Modak, Co-Founder and Director, Gargi by PNGS, said:
“Our kiosk strategy enables us to engage customers in some of India’s most dynamic retail destinations while maintaining an efficient and scalable expansion model. Hyderabad has consistently been an important growth market for Gargi, and Delhi continues to offer significant opportunities as consumer demand for contemporary jewelry grows. These new kiosks reflect our continued focus on strengthening our presence in high-potential markets while delivering a seamless shopping experience.”
The expansion follows a strong performance for the company during FY26, when Gargi reported revenue of ₹149.47 crore, achieved year-on-year growth of nearly 49 percent, and added 32 new retail locations, expanding its presence to 126 points of sale across 65 cities and 21 states. The company has maintained a debt-free balance sheet while funding its nationwide expansion through internal accruals. For FY27, Gargi has outlined plans to add 20 new retail locations while targeting an annual revenue growth rate of approximately 35 percent.
With the addition of the Hyderabad and Delhi kiosks, Gargi continues to strengthen its retail strategy by focusing on high-growth metropolitan markets and carefully selected retail corridors that offer sustained consumer traffic and long-term growth potential.
New Retail Locations
Hyderabad
Lakeshore Mall
Plot No. 414, Kukatpally Mandal
Medchal Malkajgiri, Hyderabad, Telangana – 500072
New Delhi
Pacific Mall, Tagore Garden
Unit No. 1000/ML002PTG/IK1F02, First Floor
Tagore Garden, New Delhi – 110018
About Gargi by PNGS
Gargi by P N Gadgil & Sons is a publicly listed fashion jewelry brand (BSE: GARGI) backed by the 192-year legacy of P N Gadgil & Sons, established in 1832. The brand offers a diverse portfolio of 925 certified sterling silver, 14KT natural diamond, and 9KT gold jewellery, designed to meet the evolving preferences of contemporary consumers seeking stylish everyday jewelry.
Gargi operates through an omnichannel retail network comprising exclusive brand outlets, franchise stores, kiosks, and shop-in-shop formats across India. Since its inception, the company has consistently maintained profitability while expanding its national footprint through a disciplined and sustainable growth strategy.
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