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Gold imports up 40.79 pc to USD 2.68 bn in Jan

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The country’s gold imports in January rose by 40.79 per cent to USD 2.68 billion on account of increasing domestic demands, according to commerce ministry data.Gold imports stood at USD 1.9 billion in January 2024.Cumulatively, imports during April-January this fiscal year rose 32 per cent to USD 50 billion against USD 37.85 billion in the same period last fiscal year.

The increase in imports also indicates strong investor confidence in the precious metal as a safe asset. The other reasons include asset diversification towards gold due to global uncertainties, increasing demand from banks, and cut in customs duties.Prices of the yellow metal have increased 11 per cent so far this year to ₹88,200 per 10 gram in the national capital.

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Shankesh Jewellers Revenue Grew 52% y-o-y To Rs 980 Cr in H1FY27, EBITDA Surged 51% y-o-y to Rs 98Cr

Management anticipates continued earnings momentum through H2FY27, supported by peak festive demand across Dussehra and Diwali in Q3FY27, the winter wedding season, and retail footprint expansions by its major corporate partners.

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Robust Financial Momentum: Shankesh Jewellers Ltd  released its figures for H1 FY27.Revenue grew 52% y-o-y to Rs 980 Cr in H1FY27 and EBITDA surged 51% y-o-y to Rs 98Cr (vs Rs 65 Cr in H1FY26), maintaining a strong 10.0% EBITDA margin, driven by expanding wallet share from existing corporate clients and new client additions. 

Upgrading Corporate Infrastructure: ShankeshJewellers moved into a new corporate office in Q2FY27 to streamline digital cataloguing, customer showcases, and strict BIS-hallmarked quality assurance workflows.

Strong H2 Outlook: Management anticipates continued earnings momentum through H2FY27, supported by peak festive demand across Dussehra and Diwali in Q3FY27, the winter wedding season, and retail footprint expansions by its major corporate partners.

With more than 30 years and two generations of experience, Shankesh have made a fusion of experience and experiments in the jewellery industry. The design, quality, and service have always kept them  way before our competition.

Their  design carries their identity. Each handmade jewellery praises the art of our karigars, and each machine-made ones talk about their entire journey. , Shankesh offer a wide range of gold jewellery collection of different categories.

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