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Sky Gold And Diamonds Reports 93% Revenue Growth in Q2, Expands Global Footprint 20 hours ago Yesterday

Sky Gold And Diamonds Limited reported strong Q2 results with 93.1% year-on-year revenue growth to INR 1,484.00 crores and 82% increase in PAT to INR 67.00 crores. The company increased production volume by 20%, improved product mix with 18Kt gold business at 7% of sales, and doubled exports to INR 150.00 crores. Strategic expansions include acquiring Speed Bangle Private Limited, entering a term sheet to acquire a majority stake in Shri Rishab Gold, and establishing a B2B sales office in Dubai. The company remains on track to achieve its INR 5,400.00 crores revenue target.

Sky Gold and Diamonds Reports Strong Q2 FY2026 Performance with 879% Revenue Growth 8 days ago

Sky Gold And Diamonds Limited Grants 12,690 Stock Options to Employees 8 days ago

Sky Gold's Subsidiary to Acquire Majority Stake in Shri Rishab Gold Oct 18, 2025

Sky Gold Experiences Surge in Demand During Navratri and Diwali Seasons Oct 06, 2025

More news about Sky Gold And Diamonds

19Sept 25

Sky Gold And Diamonds Teams Up With Senco Gold To Launch Affordable 9KT Gold Jewelry Line

Sky Gold And Diamonds and Senco Gold And Diamonds have formed a strategic partnership to launch a new line of 9KT gold jewelry. The collaboration aims to capture the growing market for affordable fashion jewelry, targeting young buyers and first-time customers. This move comes as a response to high gold prices, offering more accessible jewelry options without compromising on style and quality. The partnership leverages Sky Gold's B2B manufacturing expertise and vast design library with Senco Gold's extensive retail network and brand presence.

30Jul 25

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

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.

30Jul 25

Sky Gold Limited Acquires Ganna N Gold Private Limited in Rs 224.91 Crore Share Swap Deal

Sky Gold Limited has acquired 100% shareholding in Ganna N Gold Private Limited through a preferential allotment of 60,95,074 equity shares at Rs 369.00 per share, valued at Rs 224.91 crores. The shares were equally distributed between two non-promoter individuals, Mr. Jinesh Navratanmal Ganna and Mr. Vikas Navratanmal Ganna. This acquisition has increased Sky Gold's paid-up capital from Rs 148.77 crores to Rs 154.86 crores. The company has obtained necessary regulatory approvals and will apply for listing and trading approval for the newly allotted shares.

28Jul 25

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

Sky Gold And Diamonds announced aggressive growth plans, targeting revenue of Rs. 5,400 crore in FY26 and Rs. 7,600 crore in FY27. The company aims to increase PAT margins to 4.25-4.50% by FY27 and boost monthly production from 456 kg to 650 kg by Q4. Export revenue is expected to contribute 25% of total revenue by FY27. This strategy focuses on expanding production capacity, improving profitability, and increasing export contribution.

23Jul 25

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

Sky Gold And Diamonds Limited, a B2B gold jewellery manufacturer, reported robust Q1 FY24 results with 56.5% YoY revenue growth to ₹1,131.24 crore and 105.3% PAT growth to ₹43.60 crore. The company's export contribution rose to 12% of revenue, with plans to increase it to 25% in 18-24 months. Sky Gold set a revenue target of ₹7,600 crore by FY27 and approved acquisition of a Dubai subsidiary to strengthen Middle East presence. The company is expanding its product portfolio, adding new B2B clients, and planning a 540,000 sq. ft. integrated jewellery park.

23Jul 25

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

Sky Gold And Diamonds Limited, a B2B gold jewellery manufacturer, announced strong Q1 results with consolidated revenue increasing 56.5% to ₹1,131.00 crores. EBITDA grew 91.5% to ₹71.40 crores, and PAT more than doubled to ₹43.60 crores. Export contribution reached 12% of revenue. The company expanded its product portfolio, acquired new B2B clients, and plans international expansion. It aims to achieve ₹7,600.00 crores in consolidated revenue by FY27, with exports contributing 25% of overall revenue.

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.