Shanti Gold International has reported a significant milestone in its financial performance for October. The company achieved its highest-ever monthly revenue, marking a substantial year-over-year growth.

Record-Breaking Performance

The jewelry manufacturer posted a record monthly revenue of Rs. 303.00 crores in October, representing a remarkable 194.17% increase compared to Rs. 103.00 crores in the same month of the previous year. This exceptional growth was accompanied by a significant rise in sales volume, which increased from 141 kgs to 256 kgs, reflecting an 81.56% volume growth.

Factors Contributing to Growth

The company attributes this impressive performance to several key factors:

1. Healthy demand from B2B clients
2. Successful onboarding of new customers
3. Well-designed and crafted jewelry products

Market Outlook

While the company expresses encouragement about the demand for their jewelry products, management notes that the current volatility in gold prices makes near-term forecasting challenging. This cautious stance reflects the dynamic nature of the precious metals market and its potential impact on the jewelry industry.

Recent Financial Results

In addition to the October performance, Shanti Gold International recently released its financial results for the quarter and half-year ended September 30:

These results demonstrate strong year-over-year growth in both revenue and profitability for the company.

Investors and analysts interested in more detailed information can access the audio link of the Q2 & H1 Earnings Call, which was held on November 6, on the company's website.

As Shanti Gold International continues to navigate the volatile precious metals market, its recent performance suggests a robust business model capable of capitalizing on market opportunities and meeting customer demand effectively.

Shanti Gold International has announced plans to establish a fully owned subsidiary in the United Arab Emirates (UAE), marking a significant step in the company's international expansion strategy.

Strategic Move into Middle Eastern Market

The Board of Directors of Shanti Gold International, in a meeting held on November 4, 2025, approved the incorporation of a wholly-owned subsidiary named 'Shanti Gold Jewellery Trading LLC' in Dubai, UAE. This strategic move aims to strengthen the company's presence in the Middle East and showcase its jewellery collections to international customers.

Key Details of the Subsidiary

• Name: Shanti Gold Jewellery Trading LLC (subject to approval by local authorities)
• Location: Dubai, United Arab Emirates
• Ownership: 100% owned by Shanti Gold International
• Initial Investment: AED 300,000.00
• Expected Incorporation Date: March 31, 2026

Business Objectives

The new subsidiary will serve as a key hub for:

1. Trading and re-selling of Shanti Gold International's complete range of studded and plain jewellery
2. Showcasing the company's product lines, including brooches, earrings, necklaces, bracelets, rings, and other bespoke creations
3. Enhancing the company's global footprint and brand recognition

Compliance and Regulatory Aspects

The incorporation will be carried out in compliance with:

• Applicable laws in the UAE
• Specific compliances for Dubai Economy & Tourism (DET) Authority Zone
• Foreign Exchange Management Rules, Regulations, and Directions issued by the Reserve Bank of India
• Relevant provisions of the Companies Act

Financial Performance Context

While expanding internationally, Shanti Gold International has also reported strong financial results for Q2 FY2025-26:

This expansion comes after the company's Initial Public Offering (IPO) of 1,50,96,000 equity shares, which were listed on BSE and NSE on August 1, 2025.

The establishment of this UAE subsidiary aligns with Shanti Gold International's long-term vision of positioning itself as a globally recognized brand, representing Indian craftsmanship and contemporary design excellence on the international stage.