Sky Gold Q1 FY27 Revenue surges 78% YoY to ₹2,012.8 Cr, PAT up ~2.4x to ₹104.9 Cr
Sky Gold and Diamonds reported a strong Q1 FY27 with consolidated revenue up 78% YoY to ₹2,012.8 crore and PAT growing ~2.4x to ₹104.9 crore. EBITDA rose 119.6% to ₹156.7 crore. The company achieved positive operating cash flow and secured an export order book of ₹30-45 crore. Mr. Akash Talesara was appointed CEO.
The substantial increase in revenue and profitability, coupled with positive cash flow and strategic growth initiatives like international expansion and new leadership, are material events that are likely to have a significant impact on the company's financial performance and market position.
The company reported significant year-on-year growth in revenue, EBITDA, and PAT, along with margin improvements and positive operational cash flow. The appointment of a new CEO and expansion into international markets further contribute to a positive outlook.
Sky Gold and Diamonds Limited has announced its consolidated financial results for the quarter ended June 30, 2026, marking a strong start to FY27. The company's revenue saw a significant year-on-year increase of 77.9%, reaching ₹2,012.8 crore, up from ₹1,131.2 crore in Q1 FY26. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) grew by 119.6% to ₹156.7 crore, with the EBITDA margin improving by 148 basis points to 7.8%.
The reported Profit Before Tax (PBT) increased by 129.0% to ₹134.8 crore, and the reported Profit After Tax (PAT) grew by 140.7% to ₹104.9 crore. The PAT margin also saw a substantial improvement, rising by 136 basis points to 5.2%.
Mr. Mangesh Chauhan, Managing Director, highlighted the company's strong positioning to benefit from the industry shift towards organized players and design-led consumption. He emphasized sustained demand, continued traction in lightweight and value-added jewelry, and disciplined execution. The company also achieved positive operating cash flow, supported by an asset-light manufacturing model and shorter export receivable cycles. Exports are a growing focus, with efforts to build international business in the UK and Europe.
Key operational highlights for Q1 FY27 include the appointment of Mr. Akash Talesara as Chief Executive Officer (CEO), the provision of ESOPs to eligible employees, a strategic focus on high-margin categories like diamond-studded and lightweight jewelry, and strengthening international presence with an order book of ₹30-45 crore from the Asian UK-India Jewellery Expo in London.
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SKY GOLD AND DIAMONDS 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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