Shanti Gold Q3 FY26 Revenue Soars 110% to ₹637 Crore; Capacity Expansion Planned
Shanti Gold International Limited's Q3 FY26 revenue surged 110% to ₹637 crore, with PAT at ₹40 crore. For 9M FY26, revenue grew 68% to ₹1360 crore, and PAT was ₹109 crore. The company plans a 4,000 kg capacity expansion by May 2026 and aims for 60-70% volume growth in FY27. Exports are targeted to reach 10%.
The announcement details strong financial performance, significant capacity expansion, and strategic growth initiatives like market and product diversification, which are expected to have a substantial impact on the company's future growth and market position.
The company reported substantial year-on-year growth in revenue, EBITDA, and PAT for both Q3 FY26 and the nine-month period. Significant capacity expansion plans and positive future growth projections contribute to a positive sentiment.
Shanti Gold International Limited reported a significant Q3 FY26 performance, with revenue from operations surging by 110.06% year-on-year to ₹636.93 crore, compared to ₹303.22 crore in Q3 FY25. The company's EBITDA for the quarter grew by 113.83% to ₹60.18 crore, while PAT increased by over 130% to ₹40.08 crore.
For the nine-month period ended December 31, 2025, revenue from operations reached ₹1359.78 crore, a 68.06% increase year-on-year. EBITDA for the nine months grew by 162.84% to ₹159.21 crore, and PAT rose to ₹108.64 crore, marking a growth of over 200%.
The company announced a capacity expansion of approximately 4,000 kg per annum, which is expected to be commissioned by May 2026. This expansion will bring the total installed manufacturing capacity to 6,700 kg per annum. Additionally, Shanti Gold plans to enter the Mangalsutra jewellery category and expand its export business, aiming to increase export revenue from the current 4% to 10% by May 2026, with an office in UAE becoming operational around the same time.
The company's credit rating was upgraded by CARE Rating from BBB+ to A-minus stable. Management expressed confidence in sustaining the growth trajectory, driven by strong demand from organized retailers and the formalization of the jewellery industry. The company anticipates achieving 60% to 70% volume growth in FY27.
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Shanti Gold International Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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