Shanti Gold Q4 PAT Soars 465% to ₹51.93 Cr
Shanti Gold International reported a 465.3% YoY surge in Q4 FY26 PAT to ₹51.93 Cr, while revenue rose 121.7% to ₹658.93 Cr. For the full year, PAT increased 159.1% to ₹140.15 Cr and revenue grew 82.5% to ₹2,018.71 Cr, supported by volume growth and design-led product expansion.

*this image is generated using AI for illustrative purposes only.
Shanti Gold International announced its audited financial results for the quarter and year ended March 31, 2026, reporting a significant surge in profitability. For the fourth quarter, Profit After Tax (PAT) stood at ₹51.93 crore, a robust increase of 465.30% from ₹9.19 crore in the corresponding quarter of the previous year. Revenue from Operations for Q4 FY26 reached ₹658.93 crore, growing 121.65% year-on-year from ₹297.29 crore in Q4 FY25, driven by volume growth and elevated gold prices.
Operational Performance
The company's operational efficiency improved markedly during the quarter. EBITDA for Q4 FY26 rose to ₹67.01 crore, a growth of 217.26% compared to ₹21.12 crore in the prior year. Consequently, the EBITDA margin expanded to 10.17% from 7.10% in Q4 FY25. Volume growth for the quarter stood at 25% year-on-year, supported by the onboarding of new customers and healthy demand momentum during the wedding season.
Full Year Financials
For the full fiscal year FY26, the company reported a PAT of ₹140.15 crore, an increase of 159.05% compared to ₹54.10 crore in FY25. Revenue from Operations for the year surged 82.46% to ₹2,018.71 crore from ₹1,106.41 crore in the previous year. The full-year EBITDA stood at ₹199.00 crore, up 121.31% from ₹89.92 crore in FY25, with an EBITDA margin of 9.86%.
Strategic Outlook
Management attributed the strong performance to a continued shift towards organized jewellery retail and the company's ability to offer design-led products. During the year, Shanti Gold forayed into new product lines, including Turkish jewellery and Mangalsutra, and expanded its manufacturing capacity. The company remains focused on strengthening its product portfolio and scaling capabilities to meet growing customer demand.
Financial Metrics Summary
The table below summarizes the key financial metrics for the quarter and year ended March 31, 2026:
| Metric (₹ Cr) | FY26 | FY25 | YoY % | Q4 FY26 | Q4 FY25 | YoY % |
|---|---|---|---|---|---|---|
| Revenue from Operations | 2,018.71 | 1,106.41 | 82.46% | 658.93 | 297.29 | 121.65% |
| EBITDA | 199.00 | 89.92 | 121.31% | 67.01 | 21.12 | 217.26% |
| PAT | 140.15 | 54.10 | 159.05% | 51.93 | 9.19 | 465.30% |
Historical Stock Returns for Shanti Gold International
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.75% | +6.45% | +10.13% | +3.85% | -0.10% | -0.10% |
How sustainable is Shanti Gold's revenue growth if gold prices correct significantly from current elevated levels?
Will the company's foray into Turkish jewellery and Mangalsutra product lines contribute meaningfully to revenue diversification in FY27?
How might increasing competition from other organized jewellery retailers impact Shanti Gold's ability to maintain its expanding EBITDA margins?


































