The company plans to increase exports to 25 per cent of overall revenue by FY27, led by recurring global orders and a strong regional presence in the Middle East
Sky Gold and Diamonds has reported a 105.6 per cent year-on-year (YoY) surge in its consolidated net profit in the first quarter of the current financial year (Q1FY26). The net profit rose to Rs 43.6 crore in Q1FY26 from Rs 21.2 crore in Q1FY25.
The financial results of the company revealed a 56.5 per cent increase in revenue from operations which rose to Rs 1,131 crore in the recently concluded quarter from Rs 723 crore in Q1FY25. The gross profit was Rs 90.3 crore in Q1FY26, marking an uptick of 96.6 per cent on a year-on-year basis.
“Our Q1 FY26 performance aligns with our vision of building a Rs 7,600 crore enterprise by FY27. We are seeing strong traction in exports, product innovation, and client acquisition. With exports poised to contribute 25 per cent of revenues in the coming two years, our Dubai expansion will position us among the top integrated gold jewellery manufacturers from India,” stated Mangesh Chauhan, Managing Director, Sky Gold and Diamonds.
The earnings before interest, tax, depreciation and amortisation (EBITDA) grew 91.6 per cent YoY to Rs 71.4 crore from Rs 37.3 crore in Q1FY25. The EBITDA margin was 6.3 per cent in Q1FY26. The company said in a regulatory filing that the export contribution stood at 12 per cent of revenue.
The company plans to increase exports to 25 per cent of overall revenue by FY27, led by recurring global orders and a strong regional presence in the Middle East, anchored by its upcoming Dubai office.
