Sky Gold and Diamonds (541967) Q1 26/27 earnings summary

Executive summary

• Q1 FY27 delivered strong revenue and profitability growth, with consolidated revenue of ₹2,013 crore (up 78% YoY) and PAT of ₹104.9 crore (up 140.7% YoY), driven by advanced gold and value-added products.

• Leadership strengthened with the appointment of Akash Talesara as CEO, focusing on advanced gold and international expansion.

• Strategic focus on design-led manufacturing, operational efficiency, and expanding premium product mix.

• Board approved unaudited financial results for Q1 FY27, with auditors issuing an unmodified review opinion.

• Group operates in a single segment: gold jewellery manufacturing and sales, with revenue from both domestic and foreign markets.

Financial highlights

• Q1 FY27 consolidated revenue reached ₹2,013 crore, up from ₹1,131 crore in Q1 FY26; PAT was ₹104.9 crore, up from ₹43.6 crore.

• Gross margin improved to 9.3% from 9.1% sequentially; EBITDA at ₹157 crore (7.8% margin).

• Positive operating cash flow of ₹30 crore, reversing previous negative trend.

• Gross debt at quarter-end stood at ₹540 crore.

• Consolidated basic EPS for Q1 FY27: ₹6.67, up from ₹2.97 in Q1 FY26.

Outlook and guidance

• FY27 revenue guidance maintained at ₹8,100 crore, with PAT margin guidance at 4.5–5.25% and gross margin targeted at 8.5–9%.

• Long-term vision targets ₹18,000–19,000 crore revenue and net debt-free status by FY30.

• Export share expected to reach 20% in coming years, with Europe contributing 3–4%.

• Measures taken to strengthen internal controls and employee awareness following a cyber fraud incident.