Shankesh Jewellers Limited will host a virtual analyst and institutional investor meeting on September 30, 2026, at 10:00 am IST. The company announced this schedule in a filing to stock exchanges, specifying that the discussion will center on its first-quarter fiscal year 2027 performance.

The meeting is part of the Arihant Capital Bharat Connect Conference: Rising Star September 2026. The company confirmed that the Investor Presentation for Q1FY27 is already in the public domain and available on both the company website and stock exchange platforms. This presentation will serve as the primary reference material during the interaction.

Meeting Details

Regulatory Compliance and Scope

The intimation was issued pursuant to Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company emphasized that all discussions will be strictly based on publicly available information. No unpublished price sensitive information (UPSI) will be disclosed during the session, ensuring compliance with market regulations regarding fair disclosure.

The filing noted that changes to the schedule may occur due to exigencies on the part of investors, analysts, or the company itself. The communication was signed by Shweta Ravankar, Company Secretary and Compliance Officer, on September 24, 2026.

Shankesh Jewellers reported a 100% year-on-year increase in net profit to ₹43 crore for the first quarter of FY27 (Q1FY27), driven by robust top-line growth and significant operating leverage. Revenue from operations rose 55% year-on-year to ₹424 crore, up from ₹273 crore in Q1FY26.

The Mumbai-based handcrafted gold jewellery manufacturer delivered strong profitability metrics alongside stable volume growth. The company’s asset-light model, leveraging a network of skilled karigars, allowed it to scale operations without a commensurate increase in fixed infrastructure costs.

Financial Performance

The quarter marked continued strength for the newly listed entity, with key financial indicators reflecting improved efficiency. Gross profit stood at ₹66 crore, up 95% year-on-year, with the gross margin expanding by 323 basis points. This improvement flowed through to the bottom line, where PAT margins widened significantly.

EBITDA was reported at ₹61 crore for the quarter ended June 30, 2026, increasing 92% year-on-year. Employee benefits expense declined to ₹3.3 crore from ₹11.3 crore in the prior quarter due to the absence of ex-gratia payments taken by directors in Q4FY26. Finance costs were recorded at ₹29.4 crore.

What the Numbers Show

A notable divergence exists between the company's revenue growth and its volume stability. Management stated that physical volumes remained consistent quarter-on-quarter, implying that the 55% revenue growth was primarily driven by higher gold prices and a shift towards higher-margin product mixes, particularly intricate bridal collections during the Akshaya Tritiya festival. While gross margins expanded by 323 basis points year-on-year, management noted that margins fluctuate based on product mix, with handcrafted intricate designs commanding premiums over standard offerings.

Business Mix and Strategy

Corporate clients continue to dominate the revenue mix, contributing 66% of total sales in Q1FY27, compared to 34% from non-corporate clients. This shift from 55% in FY24 indicates deepening relationships with major jewellery brands. The product portfolio remains heavily skewed towards 22 Karat gold jewellery, which accounted for approximately 80% of revenue, while 18 Karat offerings contributed approximately 20%. The company has been steadily expanding its 18-karat presence, with revenue rising from ₹18 crore in FY24 to ₹221 crore in FY26.

Manoj Kantilal Jain, Managing Director, highlighted the successful completion of the listing as a new chapter for the company. He noted that the strong financial performance reflects the resilience of their business model and customer relationships. The management emphasized plans to increase wallet share with existing corporate clients through co-creation and design innovation.

Balance Sheet Signals

As of March 2026, shareholder’s equity stood at ₹209.4 crore, bolstered by capital raised during the IPO process. Short-term borrowings were at ₹168.1 crore, while inventories held at ₹240.0 crore. The debt-to-equity ratio improved to 0.80 times in FY26 from 2.1 times in FY23, indicating a strengthening financial position ahead of the new fiscal year. Inventory turnover stood at eight times per year.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE1WFC01025/1680ac09-9421-4ba1-9383-12c3452d03bf.pdf