| Metric | Value (₹ Cr) | Q3 FY26 | Q4 FY25 |
|---|---|---|---|
| Revenue | 1.9K | 8.1% | 80.6% |
| Total Income | 1.9K | 8.6% | 81.4% |
| Expenditure | 1.8K | 8.0% | 77.9% |
| PBT | 126.16 | 18.9% | 151.2% |
| Net Profit | 90.72 | 12.6% | 137.6% |
| OPM | 7.36% | 0.44pp | 1.40pp |
| NPM | 4.70% | 0.16pp | 1.11pp |
| EPS | 5.44 | 4.6% | 109.2% |
Sky Gold FY26 Revenue Up 77% YoY to ₹6,295 Cr
27 May 2026 · 27 May, 2:06 pm
Summary
Sky Gold and Diamonds Limited closed FY26 on a strong note, achieving a 77.4% year-on-year rise in consolidated revenue to ₹6,294.9 crore, complemented by a 112.4% surge in Profit After Tax to ₹281.8 crore. The company saw substantial margin expansion, with FY26 PAT margin reaching 4.5%. For Q4 FY26, revenue increased by 80.6% year-on-year to ₹1,911.5 crore, demonstrating consistent execution. Management highlighted strong retail partnerships, sustained domestic demand, and an early focus on the organized shift in jewellery manufacturing as key drivers, expressing confidence in sustaining healthy growth and progressing towards FY30 profitability aspirations of ₹945 crore.
Key Highlights
- 1
Sky Gold and Diamonds Limited reported a robust 77.4% year-on-year growth in consolidated revenue to ₹6,294.9 crore for FY26.
- 2
Consolidated Profit After Tax (PAT) for FY26 surged by 112.4% year-on-year to ₹281.8 crore, with the PAT margin expanding by 80 basis points to 4.5%.
- 3
For Q4 FY26, consolidated revenue increased by 80.6% year-on-year to ₹1,911.5 crore, while EBITDA grew by 123.3% to ₹140.7 crore, reflecting consistent execution.
- 4
The company significantly improved Cash Flow from Operations (CFO) to negative ₹45 crore in FY26 from negative ₹272 crore in FY25, and targets a positive CFO of ~₹180–225 crore in FY27.
- 5
A strategic shift under 'Sky Gold 3.0' involved transitioning to an asset-light leased manufacturing expansion model, expected to support a 50%+ reduction in net borrowings by next year-end.
- 6
The Working Capital Cycle saw significant improvement, reducing to less than 60 days, driven by a higher share of advance gold business, export operations, and better control over customer terms.
- 7
Management expressed confidence in sustaining healthy growth momentum while progressing towards its ambitious FY30 profitability aspiration of ₹945 crore.
Management Comments
Mr. Mangesh Chauhan
Q4 FY26 marks a strong close to what has been a defining year for Sky Gold and Diamonds, with consistent execution across quarters translating into robust growth in revenue and profitability. Our performance continues to be supported by increasing partnerships with organised retail players, strong acceptance of lightweight and value-added jewellery and sustained execution across our manufacturing platform. Despite elevated gold prices and a dynamic operating environment, underlying demand trends remain resilient, supported by changing consumer preferences and the continued relevance of gold as both an aspirational and long-term value asset. Our early focus on the organised shift in jewellery manufacturing and retail, along with our positioning in lightweight jewellery, continues to strengthen our market standing. As we move into the next phase of growth, we remain focused on improving cash flows, reducing debt and pursuing growth through operational efficiency and prudent capital allocation. We remain confident of sustaining healthy growth momentum while progressing toward our FY30 profitability aspirations, of ₹945 crore. With strong customer relationships and continued focus on creativity, technology and manufacturing excellence, we remain confident about the long-term opportunity ahead.
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