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Sky Gold profit jumps 82% to Rs 67 Cr in Q2

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Sky Gold
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 Sky Gold and Diamond Ltd  on Thursday reported an 82.48 per cent jump in consolidated net profit to Rs 66.99 crore in the September quarter on higher sales.The company had posted a net profit of Rs 36.71 crore in the same quarter a year ago, according to a regulatory filing.

Total income increased to Rs 1,492.45 crore during the quarter, from Rs 788.59 crore in the year ago period. Expenses remained higher at Rs 1,404.55 crore as against Rs 742.41 crore in the said period.

EBITDA for the quarter stood at Rs 99.9 crore, against Rs 38.8 crore in the same period last year, an increase of 157.5 percent year on year. EBITDA margin improved to 6.73 percent in Q2 FY26 from 5.1 percent in Q2 FY25, a gain of 163 basis points. On a quarter-on-quarter basis, EBITDA margin also rose from 6.3 percent, expanding by 43 basis points, indicating better operating efficiency and an improving product and customer mix. Profit after tax (PAT) for Q2 FY26 came in at Rs 66.99 crore, compared to Rs 36.78 crore in Q2 FY25, an increase of 82.6 percent. PAT also improved from Rs 43.65 crore in Q1 FY26, marking a growth of 53.7 percent quarter on quarter.

Mangesh Chauhan

Mangesh Chauhan, MD, Sky Gold and Diamonds Ltd said, “We are pleased to report that our Q2 FY26 results reflect a continued acceleration of the strategic growth levers we put in place earlier this year. With lightweight and 18 KT jewellery gaining strong traction, new large-format B2B partnerships coming on stream, and our export mix steadily rising, we are making tangible progress towards our medium-term ambition. At the same time, we remain disciplined on margin enhancement, expanding design-led manufacturing, strengthening advanced-gold contracts, and optimising working capital to ensure that growth is also quality-accretive. “

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National News

Candere expands Karnataka presence with Kengeri store opening

Lifestyle jewellery brand by Kalyan Jewellers strengthens Bengaluru footprint with modern retail experience and launch offers up to ₹35,000 off per carat.

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Candere, the lifestyle jewellery brand by Kalyan Jewellers known for its modern and trend-led designs, has expanded its retail presence in Karnataka with the launch of its newest store in Kengeri, Bengaluru. This new addition further reinforces the brand’s commitment to offering accessible, stylish, and contemporary jewellery for today’s discerning customers.

The Kengeri store represents Candere’s continued expansion in Karnataka, bringing its curated jewellery experience to one of the city’s rapidly developing residential and commercial neighbourhoods. The expansion strengthens the brand’s presence in key urban markets, catering to the growing demand for modern, design-led jewellery. Thoughtfully designed, the Kengeri store offers a contemporary retail environment complemented by personalised in-store assistance, reflecting Candere’s commitment to elegance, innovation, and an elevated shopping experience.

Known for its lightweight, versatile, and trend-forward jewellery, Candere appeals to Gen Z, working professionals, and style-conscious individuals looking for contemporary designs at accessible price points starting from Rs.10,000. Each piece is designed to help customers express their personal style through contemporary jewellery that blends seamlessly into everyday life.

To mark the launch of its new store, Candere is offering special promotions: Get up to Rs.35,000 off per carat + Rs.850 off per gram on making charges.

With the launch of its store in Kengeri, Candere continues to strengthen its omni-channel presence, integrating its digital expertise with a growing physical retail network. Supported by the heritage and trust of Kalyan Jewellers, the brand continues to enhance the jewellery-buying journey with a focus on transparency, ease, and customer relevance.

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