Sky Gold reported a 105.6 per cent surge in profit after tax to ₹43.6 crore for the first quarter of FY26, driven by strong export growth and new client acquisitions. The Mumbai-based B2B gold jewellery manufacturer’s revenue from operations jumped 56.5 per cent to ₹1,131 crore compared to ₹723 crore in the same period last year.
The shares of Sky Gold and Diamonds Limited ended today on the NSE at ₹307.85 down by ₹16.20 or 5 per cent.
The company’s EBITDA nearly doubled to ₹71.4 crore from ₹37.3 crore, while maintaining an EBITDA margin of 6.3 per cent and PAT margin of 3.9 per cent. Export contribution increased to 12 per cent of revenue from 8 per cent in FY25, with the company targeting 25 per cent export revenue over the next 18-24 months.
Sky Gold secured major client wins including Aditya Birla’s Indriya, Reliance Retail, CaratLane, PN Gadgil, and PM Jewellers during the quarter. The company also expanded its product portfolio with 18KT lightweight jewellery, responding to customer demand amid high gold prices.
Managing Director Mangesh Chauhan said the performance aligns with the company’s vision of building a ₹7,600 crore enterprise by FY27. The company plans to establish a sales and distribution office in Dubai to tap Middle East markets and is developing a 540,000 sq. ft. integrated jewellery park.
Sky Gold aims to achieve a PAT margin of 4.5 per cent by FY27 through design premiums, operational efficiency, and working capital optimization.
Published on July 24, 2025