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Latest news about Sky Gold And Diamonds

Sky Gold & Diamonds Reports 56% Revenue Surge in Q1 FY26, Targets INR 5,400 Crores for Full Year 22 hours ago Yesterday

Sky Gold And Diamonds Limited achieved robust financial performance in Q1 FY26. Consolidated revenue increased 56% YoY to INR 1,131.00 crores. EBITDA grew 91% to INR 71.00 crores, with margins expanding to 6.3%. PAT doubled to INR 43.00 crores. The company diversified its client base, increased production volume by 30%, and expanded its market presence. Strategic plans include acquiring a Dubai subsidiary, targeting INR 5,400.00 crores revenue in FY26, and aiming for 650-700 kg monthly production volume by FY26 exit. Despite gold price volatility, the company adapted its product strategy, focusing on lightweight, design-forward pieces.

Sky Gold Limited Acquires Ganna N Gold Private Limited in Rs 224.91 Crore Share Swap Deal 1 day ago Yesterday

Sky Gold Unveils Ambitious Growth Strategy, Targets Rs. 7,600 Crore Revenue by FY27 3 days ago

Sky Gold And Diamonds Reports Strong Q1 Results, Sets Ambitious Revenue Target for FY27 7 days ago

Sky Gold and Diamonds Reports Stellar Q1 Performance with 56.5% Revenue Surge 7 days ago

More news about Sky Gold And Diamonds

26Jun 25

Sky Gold & Diamonds Boosts Equity with Warrant Conversion and Bonus Issue

Sky Gold And Diamonds has converted 2.07 lakh warrants into equity shares and declared a bonus share issue. These actions are expected to expand the company's equity base and potentially benefit shareholders. The warrant conversion may lead to some dilution of existing shareholdings, while the bonus issue aims to reward shareholders by increasing their number of shares at no additional cost.

24Jun 25

SKY Gold and Diamonds Expands with Dubai Business Acquisition Plan

SKY Gold And Diamonds has announced plans to expand globally with a business acquisition in Dubai. The company's board has approved an investment of up to 1.20 million rupees for this venture. This move aims to establish a strong presence in Dubai's thriving jewelry and precious metals market, potentially enhancing the company's market reach, supply chain, and international brand presence.

19Jun 25

Sky Gold Promoters Offload 5% Stake; Stock Under ASM Scrutiny

Promoters of Sky Gold And Diamonds sold over 5% stake through block deals, with Bank of India Mutual Fund acquiring 7.8 lakh shares. The stock is now under Stage 3 of Additional Surveillance Measure (ASM), requiring 100% upfront margin and imposing a 5% circuit filter. Shares closed at ₹344.00, down 5% for the day and 30% from recent highs.

30May 25

Sky Gold and Diamonds Sets Ambitious Profit Margin Goals, Plans Strategic Acquisition

Sky Gold and Diamonds plans to increase its Profit After Tax margins from 3.70% to 5.00% through advanced gold operations, strategic use of gold metal loans, expansion of high-margin diamond business, and leveraging operating scale. The company is also in the process of acquiring an undisclosed entity, expected to be completed after the June quarter, which aims to improve gross margins and EBITDA.

30May 25

Sky Gold and Diamonds Projects Ambitious Growth in Exports and Advanced Gold Segment

Sky Gold and Diamonds announced significant growth projections during a recent concall. The company aims for exports to constitute 20% of total volume by FY27. Revenue guidance ranges from Rs. 5,400 Crore to Rs. 7,600 Crore, based on a conservative gold rate. The Advanced Gold segment is expected to contribute 10% of revenues by FY27 and 30% by FY29-30. The diamond business is projected to grow from 1% to 4% of revenue by FY27.

27May 25

Sky Gold and Diamonds Shines Bright with Strong Q4 Performance

Sky Gold and Diamonds announced impressive Q4 financial results, with revenue soaring 48.04% year-over-year to ₹7,550.00 crore. Net profit nearly doubled to ₹264.00 crore, marking a 94.12% increase. EBITDA rose to ₹452.00 crore, with the EBITDA margin improving to 5.99%. These results showcase the company's strong market position and operational efficiency in the jewelry industry.

19Apr 25

Sky Gold & Diamonds Expands Portfolio with Strategic Acquisition of Ganna N Gold

Sky Gold & Diamonds Limited has acquired Ganna N Gold, a Mumbai-based specialty gold bangles manufacturer, for Rs. 225 crore through a 100% share swap. This strategic move marks Sky Gold's entry into the gold bangles segment, expanding its product portfolio to include machine-made and handmade bangles. The acquisition is expected to improve profitability due to Ganna N Gold's tax exemption status and increase Sky Gold's market share by fulfilling 75% of its retail store gold jewelry needs. Financial projections for Ganna N Gold indicate strong growth potential, with turnover expected to reach Rs. 81 crore by FY 2027-28.

11Apr 25

Sky Gold and Diamonds Secures Major Recurring Export Order, Boosting Business Prospects

Sky Gold and Diamonds Limited has secured a significant recurring export order of 200 kg of jewellery products per month from a renowned industry player. The order includes advance payments, which will improve the company's working capital cycle. This development is expected to enhance the company's market position, strengthen customer relationships, and positively impact operational performance in coming quarters.

02Apr 25

Sky Gold and Diamonds to Establish Wholly Owned Subsidiary in Dubai, Eyeing Export Growth

Sky Gold and Diamonds Limited, an Indian jewelry manufacturer, plans to set up a wholly owned subsidiary in Dubai, UAE. The company will invest Rs. 50 lakhs in this venture, aiming to boost export revenues and expand internationally. The subsidiary is expected to be incorporated within 2-3 months, subject to approvals. This move aligns with the company's 'Make-in-Bharat for the World' vision and targets the strong demand for high-quality jewelry in the Middle East.

27Mar 25

Sky Gold Ltd Rebrands as Sky Gold and Diamonds Ltd, Announces Trading Window Closure

Sky Gold Ltd, a key player in lightweight gold jewelry, will change its name to Sky Gold and Diamonds Ltd on April 3, following board approval and regulatory clearances. The company reported strong Q3 sales driven by wedding season demand. A trading window closure has been announced from April 1, 2025, until 48 hours after the declaration of FY2025 financial results, in compliance with SEBI regulations.