Sky Gold Q1 FY26 profit doubles to Rs 43.6 crore, revenue up 56%
Sky Gold and Diamonds
doubled in the Q1 of FY26 to Rs 43.6 crore from Rs 21.2 crore in the corresponding quarter of FY25. The revenue from operations went up by 56.5 per cent to Rs 1,131 crore from Rs 723 crore in the Q1 of FY25.
Commenting on the result, Mangesh Chauhan, managing director of Sky Gold and Diamonds, said: 'Our Q1 FY26 performance aligns with our vision of building a Rs 7,600 crore enterprise by FY27. We're seeing strong traction in exports, product innovation, and client acquisition. With exports poised to contribute 25% of revenues in the coming two years, our Dubai expansion will position us as one of the leading integrated gold jewellery manufacturers from India."
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The addition of 18 karat lightweight jewellery in its product portfolio has proven effective as high gold prices have led to customers shifting towards lightweight jewellery, the company said in a release.
The company has also added new B2B clients like Aditya Birla's Indriya, Reliance Retail, CaratLane, PN Gadgil, PM Jewellers, Pothys and Vega in Q1 of FY26. These partnerships boost visibility across high-velocity regional markets.
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The company has increased exports from 8% in FY25 to 12% in Q1FY26 and further plans for 25% of export revenue over the next 18-24 months. Middle East, Malaysia and Singapore markets continue to anchor Sky Gold's international strategy.
The company release added that acquisition of the newly incorporated entity is the next step towards a fully functional sales and distribution office in Dubai (UAE) to tap into the Middle East region's rising demand for handcrafted, lightweight jewellery. Dubai is expected to drive Sky Gold's export-led growth roadmap.
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