MAM
Gargi by PNGS’ sales skyrocket 76.07 per cent to Rs 50.48 crore turnover last fiscal
Mumbai: PNGS Gargi Fashion Jewellery Ltd (Gargi), a leading name in the fashion jewelry industry, has clocked a stellar financial performance for the financial year from April 2023 to March 2024. It has reported a substantial increase in annual sales, up 76.07 per cent to Rs 50.48 crore, compared to Rs 28.67 crore in the preceding year. Looking at the full-year performance, Gargi continued its upward trajectory, with net profit rising by 80.38 per cent to Rs 8.46 crore for the year ended March 2024, compared to Rs 4.69 crore in the previous year.
For the last quarter ending March 2024, the company showed a remarkable growth rate of 116.93 per cent and achieved sales of Rs 15.38 crore, showcasing robust performance and market resilience. The quarter also witnessed a substantial increase in net profit, which soared by 74.07 per cent to Rs 2.35 crore compared to the previous quarter ended March 2023, when it stood at Rs 1.35 crore. This impressive growth is a testament to Gargi’s strategic initiatives and ability to adapt to evolving market dynamics.
Speaking about this, Gargi by PNGS co-founder Aditya Modak said, “We are thrilled to witness such remarkable growth in sales and net profit, which reflects the dedication and hard work of our team, as well as the trust and support of our customers. These results underscore our commitment to delivering exceptional products and experiences.”
Gargi has achieved remarkable milestones, boasting a portfolio of over 15,000 SKUs and experiencing exponential growth in its first year, with a 6x increase in revenue. The company’s listing on the Bombay Stock Exchange (BSE) further solidified its position as a market leader, a position that will continue to attract customers and drive its growth. With a quadruple increase in customer numbers, the company is now confident in its customers’ trust and confidence in them. With a footprint spanning 18 locations across 10 metro cities and six states, Gargi is poised for continued growth and success and has a robust plan for the financial year 2024-25.
Brands
Abhinav Rastogi named global marketing director for YouTube Shopping
Google veteran to scale creator commerce and expand shopping across global markets
SINGAPORE: Abhinav Rastogi has stepped into a new role as global marketing director for YouTube Shopping, marking the latest chapter in a more than decade-long career at Google.
Rastogi, who took on the position in February and is based in Singapore, will lead global marketing for YouTube Shopping, a platform designed to connect creators, viewers and merchants in a single ecosystem. His remit includes expanding the service into new markets and strengthening its positioning as a growth channel for both creators and brands.
In a reflective note on the transition, Rastogi pointed to a simple but powerful idea driving the role. For years, creators have quietly built trust with audiences through consistent and authentic content, and that trust often shapes purchasing decisions. What is changing now, he said, is the infrastructure around that behaviour. YouTube Shopping aims to make it easier for viewers to discover and buy products recommended by creators they already follow.
The scale is already significant. More than half a million creators have joined the programme, with recent expansion into Japan through a partnership with Rakuten signalling further global ambitions.
Rastogi believes the future of shopping on YouTube will be driven by a blend of creators, content and communities. In his view, it is the human voice behind the screen, not just the product, that ultimately builds trust and drives discovery.
Prior to this role, he served as director of marketing, YouTube Asia Pacific, where he led regional marketing across creator engagement, brand building and reputation. During that time, he played a key role in launching and scaling YouTube Shopping across eight markets in the region.
Earlier stints at Google include group product marketing manager, consumer apps, overseeing growth for products such as Search, Maps and Assistant across India and Southeast Asia, and product marketing manager roles spanning consumer apps and YouTube, where he contributed to launches including YouTube Music, YouTube Originals and YouTube Shorts.
Rastogi began his career in consulting with Boston Consulting Group and A.T. Kearney, before moving into the technology sector. He is an alumnus of Indian Institute of Management Calcutta and Indian Institute of Technology Kanpur.
Alongside his corporate role, he is also an active angel investor, backing early-stage startups in consumer technology and electric mobility across India and Southeast Asia.
As he settles into the new role, Rastogi is betting on a future where every video can double up as a storefront, and where commerce feels less like a transaction and more like a recommendation from a trusted voice.
