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Sky Gold and Diamonds Limited Announces Q2 and H1 FY27 Financial Results; Revenue At Rs 4,403.45 Crore, PAT Up 111.9%

For The Half Year Ended September 30, 2026, The Company Reported Consolidated Revenue Of ₹4,403.5 Crore, EBITDA Of ₹346.5 Crore and Profit After Tax Of ₹234.3 Crore

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Sky Gold and Diamonds Limited (BSE: 541967 | NSE: SKYGOLD), a listed B2B gold jewellery manufacturer, today announced its consolidated financial results for the

quarter ended September 30, 2026.

Commenting on the result, Mangesh Chauhan, Managing Director, Sky Gold and Diamonds Limited, said: “For the half year ended September 30, 2026, the Company reported consolidated revenue of Rs 4,403.5 crore, EBITDA of Rs 346.5 crore and profit after tax of Rs 234.3 crore. For the quarter ended September 30, 2026, consolidated revenue was Rs 2,390.7 crore, EBITDA was Rs 189.8 crore and profit after tax was Rs 129.4 crore.”

Key Financial and Corporate Highlights

Revenue: Consolidated revenue for Q2 FY27 was Rs 2,390.7 crore, compared with Rs 1,484.5 crore in Q2 FY26. For H1 FY27, revenue was Rs 4,403.5 crore, compared with Rs 2,615.7 crore in H1 FY26.

EBITDA: EBITDA for Q2 FY27 was Rs 189.8 crore, compared with Rs 99.9 crore in Q2 FY26. For H1 FY27, EBITDA was Rs 346.5 crore, compared with Rs 171.3 crore in H1 FY26.

EBITDA Margin: EBITDA margin was 7.94% in Q2 FY27, compared with 6.7% in Q2 FY26. For H1 FY27, EBITDA margin was 7.87%, compared with 6.5% in H1 FY26.

Profit After Tax: Reported PAT for Q2 FY27 was Rs 129.4 crore, compared with Rs 67.0 crore in Q2 FY26. For H1 FY27, reported PAT was Rs 234.3 crore, compared with Rs 110.6 crore in H1 FY26.

PAT Margin: PAT margin was 5.4% in Q2 FY27, compared with 4.5% in Q2 FY26. For H1 FY27, PAT margin was 5.3%, compared with 4.2% in H1 FY26.

Cash Flow from Operations: Cash Flow from operations for H1 FY27 was Rs 136.7 crore, compared with (Rs 100.9) crore in H1 FY27. CFO/EBITDA was 39% for H1 FY27 vs earlier guidance of 20%.

Completion of Acquisition of Purvi Gems & Jewellery: On October 7, 2026, the Board approved completion of acquisition of 100% stake in Purvi Gems & Jewellery (India) Private Limited for total cash consideration of Rs 9 crore.

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National News

Gold and Silver Price Correction Sparks Festive Demand

A Sharp, Timely Reduction In Precious Metal Prices Has Rejuvenated India’s Retail Jewellery Sector, Sparking A Significant Surge In Consumer Footfalls Ahead Of Dhanteras and Diwali.

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A sharp, timely reduction in precious metal prices has rejuvenated India’s retail jewellery sector, sparking a significant surge in consumer footfalls ahead of Dhanteras and Diwali.

Following weeks of elevated prices that suppressed consumer sentiment and prompted shifts toward lighter designs, benchmark prices recorded a steep drop between October 16 and October 27. The IBJA 24-carat gold rate fell by nearly Rs 5,000 per 10 grams to Rs 1.41 lakh, while silver dropped by over Rs 18,400 per kg to approximately Rs 1.92 lakh.

Key retail highlights ahead of the peak festive rush include:

Rising Store Footfalls: Major jewellers, including Kalyan Jewellers and Senco Gold, report strong weekend momentum as footfalls pick up across showrooms nationwide.

Shift to Versatile & Everyday Wear: Lightweight diamond pieces, 18-karat collections, solitaires, and natural diamond jewellery—growing at 25–30%—continue to lead customer preference.

Enhanced Buying Power: Industry leaders note that while consumers generally stick to set festive budgets, the price drop enables buyers to select more substantial pieces or higher-value designs without overspending.

Innovative Retail Access & Pricing Protection: Brands are actively rolling out gold-rate protection schemes, advance price-lock options, and quick-commerce integrations enabling 10-minute doorstep delivery of hallmarked coins to capitalize on immediate demand.

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