Shankesh Jewellers Limited announced a robust financial performance for the first half of FY27. Revenue from operations surged by 52% year-on-year to ₹980 crore. EBITDA saw a significant increase of 51%, reaching ₹97.7 crore, while Profit After Tax (PAT) grew by an impressive 56% to ₹68.8 crore. The company attributes this growth to its focus on customer relationships, product innovation, and its established karigar network.
Shankesh Jewellers Announces Strong H1 FY27 Performance
Shankesh Jewellers Limited, a manufacturer of handcrafted gold jewellery, reported a strong performance in the first half of the financial year 2027 (H1FY27). The company’s revenue from operations grew by 52% year-on-year, reaching ₹980 crore. This growth reflects the company’s strategic focus on strengthening customer relationships, expanding its product offerings, and leveraging its extensive karigar network.
Key Financial Highlights
In H1FY27, Shankesh Jewellers’ EBITDA increased by 51% to ₹97.7 crore, and Profit After Tax (PAT) rose by 56% to ₹68.8 crore. The company also noted a substantial increase in gross profit by 55% to ₹108 crore during the same period. The EBITDA margin remained stable at 10%, while the PAT margin saw an improvement to 7.0% from 6.8% in H1FY26.
Quarterly Performance (Q2 FY27)
For the second quarter of FY27 (Q2FY27), revenue grew by 50% to ₹556.4 crore. EBITDA increased by 11% to ₹36.5 crore, and PAT rose by 14% to ₹25.5 crore compared to the same quarter in the previous year.
Drivers of Business Growth
The company emphasized its strategy of deepening relationships with existing corporate customers by supporting their expanding retail presence and increasing wallet share. Its design capabilities, product innovation, and customization strengths across 22-karat and 18-karat jewellery enable it to cater to diverse customer requirements. Corporate customers accounted for approximately 72% of the Company’s H1FY27 revenue.
Craftsmanship and Outlook
Shankesh Jewellers operates with an asset-light model, supported by a network of skilled karigars with relationships spanning 10–30 years. This model facilitates the execution of intricate handcrafted designs and offers flexibility in catering to varying customer needs. The company anticipates strong demand in the upcoming festive and wedding season (Dussehra, Diwali, and wedding season in Q3FY27) and remains optimistic about its ability to sustain growth momentum.
Source: BSE
