Gems & Jewellery company Sky Gold and Diamonds announced Q2FY26 results Revenue: Rs 1,484.5 crore against Rs 768.8 crore during Q2FY25, change 93.1%. EBITDA: Rs 99.9 crore against Rs 38.8 crore during Q2FY25, change 157.5%. EBITDA Margin: 6.73% for Q2FY26. PAT: Rs 66.99 crore against Rs 36.7 crore during Q2FY25, change 82.6%. Mangesh Chauhan, Managing Director, Sky Gold and Diamonds, said: “We are pleased to report that our Q2FY26 results reflect a continued acceleration of the strategic growth levers we put in place earlier this year. With lightweight and 18 KT jewellery gaining strong traction, new large-format B2B partnerships coming on stream, and our export mix steadily rising, we are making tangible progress towards our medium-term ambition. At the same time, we remain disciplined on margin enhancement — expanding design-led manufacturing, strengthening advance-gold contracts, and optimising working capital to ensure that growth is also quality-accretive.” “Looking ahead, our upcoming Dubai-based sales & distribution hub will anchor our expansion into the Middle East, while we continue to deepen partnerships across Southeast Asia and India’s regional markets. With exports expected to climb to 15-20 % over the next 18-24 months and domestic clients gaining momentum, we believe FY26 is shaping up as a pivotal year in our journey towards building a ~Rs 7,600 crore enterprise by FY27.” Result PDF
Gems & Jewellery company Sky Gold and Diamonds announced Q1FY26 results Revenue from Operations: Rs 1,131 crore (up 56.5%) from Rs 723 crore. Gross Profit: Rs 90.3 crore (up 96.6%) from Rs 45.9 crore. EBITDA: Rs 71.4 crore (up 91.5%) from Rs 37.3 crore. Profit After Tax (PAT): Rs 43.6 crore (up 105.3%) from Rs 21.2 crore. PAT Margin: 3.9% for Q1FY26. EBITDA Margin: 6.3% for Q1FY26. Export Contribution: 12% of revenue. Mangesh Chauhan, Managing Director, Sky Gold and Diamonds, said: “Our Q1FY26 performance aligns with our vision of building a Rs 7,600 crore enterprise by FY27. We’re seeing strong traction in exports, product innovation, and client acquisition. With exports poised to contribute 25% of revenues in the coming two years, our Dubai expansion will position us among the top integrated gold jewellery manufacturers from India. We remain sharply focused on revenue growth as well as margin improvement through better designing of our jewellery, product portfolio expansion, process efficiency and acquisition synergies. Our commitment to craftsmanship, frugality, and speed makes us a partner of choice for large retailers in India as well as overseas.” Result PDF
Conference Call with Sky Gold and Diamonds Management and Analysts on Q4FY25 & Full Year Performance and Outlook. Listen to the full earnings transcript.
Gems & Jewellery company Sky Gold announced Q3FY25 results Financial Highlights: Revenue from Operations: Increased by 116.74% year-on-year to Rs 997.97 crore. EBITDA: Rose by 217.60% to Rs 57.29 crore. Profit After Tax (PAT): Grew by 309.10% to Rs 36.54 crore. Operational Highlights: Revenue Growth: Consolidated revenues for Q3FY25 reached Rs 997.97 crore, marking a 116.74% increase YoY. EBITDA Performance: Achieved Rs 57.29 crore in EBITDA, reflecting a 217.60% growth compared to Q3FY24. PAT Achievement: PAT stood at Rs 36.54 crore, a 309.10% increase YoY, marking the third consecutive quarter of significant PAT growth. Mangesh Chauhan, Managing Director and Chief Financial Officer, said: "Sky Gold Ltd continues its exceptional growth trajectory in the third quarter of FY25. Our Revenue from Operations surged by 116.74% year-on-year to Rs 997.97 crore. EBITDA increased by 217.60% to Rs 57.29 crore, and Profit After Tax grew by 309.10% to Rs 36.54 crore. This growth is a testament to our strategic initiatives and operational efficiency. During the quarter, we successfully approved a 9:1 bonus share issue, reinforcing our commitment to enhancing shareholder value. The acquisitions of Starmangalsutra and Sparkling Chains have significantly bolstered our market position by expanding product offerings and leveraging operational synergies. We are also excited to announce our upcoming entry into the lab-grown diamond segment, which aligns with global trends and customer preferences. This initiative will allow us to diversify our portfolio and tap into a burgeoning market, both domestically and internationally. Our recent fundraising through a Qualified Institutional Placement (QIP) of Rs 270 crore has further strengthened our financial position, enabling us to invest in cutting-edge technology and scale operations effectively. Additionally, the reduced import duty on gold has provided a strong tailwind, increasing consumer preference for organized markets and driving growth in demand for gold jewellery. As we progress through FY25, our focus remains on increasing capacity utilization at our Navi Mumbai facility, strengthening our mid-management and regional sales teams, and optimizing financials through gold metal loans. These measures, combined with investments in IT, automation, and ERP systems, position us to achieve our long-term revenue target of INR 6,300 crore by FY27 and expand our production capacity to 1,050 Kgs/month within the next three years." Result PDF