Jewellery manufacturer reports sharp rise in revenue and profit, improved margins, and strategic global expansion during the quarter.
Sky Gold and Diamonds Limited reported a robust performance for the third quarter of FY26, with consolidated revenue rising 77.12 per cent year-on-year to Rs 1,767.68 crores, compared with Rs 997.96 crores in the same quarter last year.
The strong growth reflects sustained demand across domestic and export markets, alongside the company’s continued scale-up in operations. On a sequential basis, revenue increased 19.07 per cent over Rs 1,484.50 crores recorded in Q2 FY26, the company said in the exchange filing.
Operating performance also strengthened significantly during the quarter. Ebitda more than doubled to Rs 129.83 crores from Rs 64.42 crores a year earlier, marking a 101.53 per cent year-on-year increase. Ebitda margin improved to 7.34 per cent in Q3 FY26, up from 6.45 per cent in Q3 FY25 and slightly higher than 7.27 per cent in the preceding quarter, indicating better operating leverage and improved cost efficiencies.
Profitability growth outpaced revenue expansion, with profit after tax (PaT) surging 120.38 per cent year-on-year to Rs 80.53 crores, compared with Rs 36.54 crores in Q3 FY25. Pat also rose 20.21 per cent sequentially from Rs 66.99 crores in Q2 FY26, underscoring the company’s ability to translate higher volumes and improved margins into bottom-line gains.
For the nine months ended FY26, the company reported consolidated revenue of Rs 4,383.37 crores, up 76.05 per cent from Rs 2,489.84 crores in the corresponding period last year. Ebitda during the nine-month period rose 94.14 per cent to Rs 313.42 crores, while Pat climbed 102.27 per cent to Rs 191.11 crores. Ebitda margin for the nine-month period improved to 7.15 per cent from 6.48 per cent a year earlier.
During the quarter, the company also advanced its strategic agenda through leadership additions and global expansion. It appointed Virupakshi Kolla as a Non-Executive Independent Director and Siddharth Sipani as Chief Financial Officer, and inaugurated a new Dubai office to strengthen its presence in key export markets. Its wholly owned subsidiary, Starmangalsutra Private, entered into a partnership agreement to acquire a 51 per cent stake in Shri Rishabh Gold, while the company also unveiled what it described as India’s first 24 carat diamond jewellery collection at the GJS exhibition.
