PNGS Gargi Fashion Jewellery Ltd — Others, 10-07-2025: Others

PNGS Gargi Fashion Jewellery Limited reported a strong FY 2024-25 with revenue surging to Rs. 126.35 Cr from Rs. 50.51 Cr the previous year, driven by expansion in franchise and exclusive brand stores. Net profit rose sharply to Rs. 28.81 Cr versus Rs. 8.46 Cr, reflecting improved operational efficiency and scale. The company operates 33 franchise stores with P. N. Gadgil & Sons, 50 shop-in-shops, and 14 exclusive brand outlets. It shifted its SIS model from FOCO to FOFO, impacting receivables and inventory turnover. The balance sheet strengthened with net worth at Rs. 99.69 Cr and zero debt as of March 31, 2025. The company raised Rs. 41.96 Cr via preferential allotment in August 2024, funding marketing, expansion, and inventory. Related party transactions with P. N. Gadgil & Sons and PNGS Reva Diamond Jewellery remain significant and arm’s length. No dividend was declared to conserve resources. The Board recommends reappointment of Mr. Aditya Amit Modak as director. Internal controls and compliance systems are robust, with no material audit qualifications or legal issues reported.