Key Highlights
- Revenue rises 78% YoY to ₹2,012.8 crore.
- PAT grows 2.4 Times YoY to ₹104.9 crore.
- EBITDA increases 119.6% YoY to ₹156.7 crore.
- EBITDA margin improves to 7.8% from 6.3% YoY.
- Reported PBT rises 129% YoY to ₹134.8 crore.
- Operational PAT grows 142.3% YoY to ₹104.9 crore.
- Operations turn cash flow positive during the quarter.
Sky Gold and Diamonds Limited reported a strong performance for the first quarter of FY27, with significant growth in both revenue and profitability, supported by robust demand and operational efficiency improvements.
The company’s consolidated revenue rose 77.9% year-on-year to ₹2,012.8 crore in Q1 FY27, compared to ₹1,131.2 crore in the same quarter last year. Profit after tax (PAT) increased sharply by around 2.4 times to ₹104.9 crore, reflecting improved margins and scale efficiencies. The company also reported a transition to positive operating cash flow during the quarter.
Sky Gold and Diamonds Q1 FY27 Revenue and Profitability Growth
The company recorded strong operating leverage during the quarter, with EBITDA rising 119.6% YoY to ₹156.7 crore. EBITDA margin expanded by 148 basis points to 7.8%, compared to 6.3% in Q1 FY26.
Profit before tax (PBT) stood at ₹134.8 crore, marking a 129% YoY increase, while PAT margin improved to 5.2% from 3.9% in the previous year period. Operational performance also strengthened, with operational PAT rising 142.3% YoY.
Sky Gold and Diamonds Q1 FY27 Business Drivers and Operational Performance
Sky Gold and Diamonds attributed its growth to sustained demand from organised jewellery retailers, increased traction in lightweight and value-added jewellery, and consistent execution across its manufacturing platform.
The company continues to focus on higher-margin segments such as diamond-studded jewellery and lightweight designs, which are contributing to improved product mix and margin expansion. Its asset-light manufacturing model and shorter export receivable cycles have also enhanced capital efficiency and cash generation.
Sky Gold and Diamonds Q1 FY27 Export Growth and Strategic Expansion
Exports are emerging as a key growth driver, with the company seeing increasing demand from international markets, particularly the UK and Europe. The company indicated that improved access to global markets and strong customer response are supporting its long-term export strategy.
Sky Gold also highlighted its participation in international exhibitions, which has helped build order visibility and strengthen its overseas presence.
Management Commentary
Management noted that the jewellery industry is witnessing a shift toward organised players, supported by design-led consumption trends and improved capital efficiency. The company aims to leverage this transition through strong retail partnerships and product innovation.
The focus remains on balancing revenue growth, profitability, and cash flow generation, while strengthening its position in the organised jewellery manufacturing segment.
Outlook
Looking ahead, the company expects continued momentum in revenue growth, supported by demand trends, export expansion, and product diversification. It remains focused on sustainable growth through disciplined execution and operational efficiency.