Shanti Gold International Ltd
P&L
Quarterly Standalone
vs Q3 FY26
Shanti Gold FY26 PAT up 159% YoY to ₹140.15 Cr
22 May 2026 · 22 May, 12:08 pm
Summary
Shanti Gold International Limited announced a strong performance for Q4 FY26, with revenue from operations soaring by 121.65% year-on-year to ₹658.93 crore and Profit after Tax dramatically increasing by 465.30% to ₹51.93 crore. The full fiscal year 2026 also saw substantial growth, with revenue reaching ₹2,018.71 crore, an 82.46% increase from the previous year, and PAT at ₹140.15 crore, up 159.05%. The company achieved significant margin expansion, with Q4 EBITDA margin at 10.17% and Q4 PAT margin at 7.88%, driven by volume growth, improved product mix, and new customer acquisitions. Management expressed confidence in continued growth through strengthening its product portfolio, expanding its reach, and scaling manufacturing capabilities, anticipating meaningful contributions from new product lines like Turkish jewellery and Mangalsutra.
Key Highlights
- 1
Shanti Gold International reported a robust Q4 FY26 revenue from operations of ₹658.93 crore, marking a significant year-on-year growth of 121.65%.
- 2
Profit after Tax for Q4 FY26 surged by 465.30% year-on-year to ₹51.93 crore, reflecting strong profitability.
- 3
For the full fiscal year 2026, revenue from operations grew by 82.46% to ₹2,018.71 crore, while EBITDA increased by 121.31% to ₹199.00 crore.
- 4
The company achieved substantial margin expansion, with Q4 FY26 EBITDA margin at 10.17% (up 306 bps YoY) and PAT margin at 7.88% (up 479 bps YoY).
- 5
Volume growth stood at 25% YoY for Q4 FY26, driven by new customer onboarding and healthy demand momentum.
- 6
Shanti Gold expanded its product portfolio by foraying into Turkish jewellery and Mangalsutra lines, alongside an increase in manufacturing capacity during FY26.
Management Comments
Pankajkumar Jagawat
FY26 marked a strong year for the Company, driven by healthy volume and robust revenue growth despite elevated gold prices. The continued shift towards organised jewellery retail, along with rising preference for design-led and quality-assured products, continues to create meaningful opportunities for scalable manufacturing partners such as us. The Company delivered its strongest quarterly performance in Q4 FY26, supported by strong wedding season demand, improved customer traction, and favourable gold price realisations. During the year, we continued to strengthen our client base by onboarding new customers across northern and western India, while further deepening relationships with existing organised retail partners. Our design capabilities, product quality, and ability to offer differentiated jewellery across categories continue to drive strong demand from organised players. During the year, we forayed into new product lines including Turkish jewellery and Mangalsutra and expanded our manufacturing capacity. With the new capacity and new product we remain confident that these new categories will generate meaningful contribution to the volumes and revenues going ahead. Going forward, we remain focused on strengthening our product portfolio, expanding our reach, and scaling our manufacturing capabilities in line with growing customer demand.
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