Sky Gold FY26 Revenue Jumps 77% to ₹6,295 Cr; PAT Up 112%
Sky Gold and Diamonds reported FY26 consolidated revenue of ₹6,295 crore, up 77% YoY. PAT surged 112% to ₹281.8 crore. Q4 FY26 revenue rose 80.6% to ₹1911.5 crore, with PAT up 137.4% to ₹90.7 crore. The company targets positive CFO of ~₹180-225 crore in FY27 and aims for ₹945 crore profitability by FY30.
The substantial revenue and profit growth, coupled with a credit rating upgrade and strategic initiatives aimed at deleveraging and improving cash flow, are material events that are likely to significantly impact investor perception and the company's stock performance.
The company reported significant year-on-year growth in revenue and profits for both the full fiscal year and the fourth quarter, alongside a credit rating upgrade and positive future outlook, indicating strong financial health and performance.
Sky Gold and Diamonds Limited announced its Q4FY26 and FY26 results, reporting a robust financial performance. For the full fiscal year ended March 31, 2026, the company's consolidated revenue surged by 77.4% year-on-year to ₹6,295 crore, compared to ₹3,548 crore in the previous year. EBITDA also saw a significant increase of 121.1% to ₹434.3 crore. The reported Profit After Tax (PAT) more than doubled, rising by 112.4% to ₹281.8 crore from ₹132.7 crore in FY25.
In the fourth quarter of FY26, revenue grew by 80.6% year-on-year to ₹1911.5 crore, while EBITDA increased by 123.3% to ₹140.7 crore. PAT for Q4 FY26 jumped by 137.4% to ₹90.7 crore. The company highlighted that its performance was driven by strong retail partnerships, sustained domestic demand, and a focus on lightweight and value-added jewellery.
Mr. Mangesh Chauhan, Managing Director, expressed confidence in the company's growth trajectory, emphasizing efforts to improve cash flows, reduce debt, and pursue operational efficiency. He mentioned the company's FY30 profitability aspirations of ₹945 crore. Key operational highlights include a significant improvement in Cash Flow from Operations to negative ₹45 crore in FY26 from negative ₹272 crore in FY25, with a target of positive CFO of approximately ₹180–225 crore in FY27. The company also underwent a strategic shift to an asset-light leased manufacturing model and achieved a working capital cycle of less than 60 days. India Ratings upgraded Sky Gold's credit rating to IND A/Stable / IND A1. Furthermore, the company appointed M S K A & Associates LLP as Statutory Auditors and introduced an ESOP program for eligible employees.
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