Sky Gold and Diamonds Limited announced outstanding Q3FY26 financial results with consolidated revenue surging 77% year-on-year to ₹1,767.68 crores, demonstrating exceptional growth momentum across domestic and international markets. The B2B gold jewellery manufacturer reported these results for the quarter ended December 31, 2025, showcasing strong operational performance driven by rising exports, capacity enhancement, and deeper retail partnerships across India, the Middle East, and Southeast Asia.

Outstanding Financial Performance

The company delivered remarkable consolidated financial results for Q3FY26, with revenue reaching ₹1,767.68 crores compared to ₹997.96 crores in Q3FY25. Net profit more than doubled to ₹80.53 crores from ₹36.54 crores in the previous year's quarter, representing a 120.38% year-on-year increase. EBITDA performance was equally impressive, rising 101.53% to ₹129.83 crores with margins expanding to 7.34%.

Strategic Growth Initiatives and Market Expansion

Managing Director Mangesh Chauhan highlighted the company's execution-led growth strategy, emphasizing sustained demand across domestic and export markets despite elevated gold prices. The preference for lightweight, design-led jewellery remained resilient, particularly with increasing adoption of 9kt and diamond studded jewellery formats among Gen Z consumers. The company's improved scale, deeper B2B partnerships, and growing international footprint translated into strong operating leverage.

Regulatory Compliance and Corporate Governance

The company submitted a comprehensive press release to BSE and NSE under regulatory requirements, with the disclosure made available on the company's website at www.skygold.co.in . The financial results demonstrate the company's commitment to transparent reporting and strong corporate governance practices.

Market Position and Future Outlook

Established in 2008 and headquartered in Mumbai, Sky Gold and Diamonds Limited operates as one of India's fastest-growing B2B jewellery manufacturers, specializing in lightweight, design-led and studded jewellery. With 150+ designers, 1,30,000 square feet of manufacturing space, and a design library of 900,000+ SKUs, the company serves India's leading jewellery retailers while rapidly expanding into global markets. The company remains focused on strengthening execution, enhancing margins, and scaling global presence supported by a healthy order pipeline and improving export traction.

Sky Gold And Diamonds has successfully completed its postal ballot process on December 13, 2025, with shareholders approving all four special resolutions with the requisite majority. The company announced the voting results in compliance with Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Director Designation Confirmation

Following the postal ballot approval, the company has formally confirmed the change in designation of Mr. Virupaksh Kolla (DIN: 11324602) from Additional Non-Executive Independent Director to Non-Executive Independent Director, effective from October 1, 2025. This confirmation was communicated to both BSE Limited and National Stock Exchange of India Limited on December 13, 2025, pursuant to Regulation 30 of SEBI Listing Regulations.

Resolutions Approved

Shareholders voted on four critical special resolutions that will shape the company's operational and financial framework:

Voting Results and Participation

The postal ballot process demonstrated strong shareholder participation across all categories. The e-voting facility was provided by National Securities Depository Limited (NSDL), with the voting period commencing on November 14, 2025, at 09:00 AM and concluding on December 13, 2025, at 05:00 PM.

Resolution 1: Director Appointment

The appointment of Mr. Virupaksh Kolla received overwhelming support:

Other Resolutions Performance

Process and Compliance

Mr. Shivang Goyal, Proprietor of M/s. Shivang G Goyal Associates, served as the scrutinizer for the postal ballot process. He was appointed by the Board of Directors on November 13, 2025, to receive, scrutinize and process the votes. The company maintained full compliance with applicable MCA circulars and SEBI regulations throughout the process.

The cut-off date for determining eligible shareholders was November 7, 2025. The voting results and scrutinizer's report are available on the company's website at www.skygold.co.in and NSDL's e-voting portal. All relevant details pertaining to the director designation change were previously disclosed to stock exchanges during the Board Meeting held on October 1, 2025.