SKYGOLD Q2 & H1 FY26 Earnings Call: Revenue up 93.1% YoY
Sky Gold & Diamonds Q2 FY26 revenue up 93.1% YoY to ₹1,484 crore, PAT at ₹67 crore. Volumes increased 20% QoQ. Acquisition of Speed Bangle, stake in Shri Rishab Gold. Dubai sales office established.
The significant revenue and profit growth, along with strategic acquisitions and international expansion, indicate a potentially high impact on the company's future performance and market position.
The announcement highlights strong financial performance, revenue growth, strategic acquisitions, and expansion into new markets, all contributing to a positive outlook.
* Sky Gold & Diamonds Limited (SKYGOLD) held an earnings conference call on 14 Nov 25 regarding Q2 & H1 FY26 results. * Q2 FY26 revenue stood at ₹1,484 crore, up 93.1% year-on-year, and PAT was ₹67 crore, up 82% year-on-year. * Volumes increased to 544 kgs per month, a 20% growth versus Q1 FY26. * Exports doubled, reaching around ₹150 crore. * The company acquired Speed Bangle Private Limited (formerly Ganna N Gold); this company has tax incentive benefits under Section 115BAB, resulting in improved PAT margins. * Entered into a non-binding term sheet to acquire a majority stake in Shri Rishab Gold. * Established a new B2B sales office, Sky Souk Jewellery trading LLC, in Dubai, UAE. * Consolidated revenue for H1 FY26 stood at ₹2,615 crore versus ₹1,491 crore in H1 FY'25, a growth of 75% year-on-year. * The company is on track to achieve its target revenue of ₹5,400 crore by FY26. * CFO, Mr. Siddharth Sipani mentioned that company is targeting GML utilization of ₹150 crore to ₹170 crore by Q4 of FY26. * Management expects Q3 to be the best quarter on the revenue side and the volume also. Export can be expected 10% to 12% of the overall sales from next quarter onwards and again going ahead to 15%-20% by 2027 March. * Management expects gold appreciating by 20%-25% yearly basis for the next 3-4 years.
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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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See the model portfoliosA plain-language summary of a public exchange filing by SKY GOLD AND DIAMONDS LIMITED. Read the original for the full detail.