Sky Gold and Diamonds announced robust Q3 FY26 results, showing revenue growth of 77% year-over-year, reaching Rs 1,768 crores. The company credits this strong momentum to rising exports, capacity enhancements, and expanding retail partnerships in the Middle East and Southeast Asia. Profitability also surged, with PAT increasing over 120% YoY, reflecting efficient cost management.
Sky Gold & Diamonds Reports Strong Q3 FY26 Performance
Sky Gold and Diamonds Limited has released its consolidated financial results for the third quarter of the fiscal year 2026 (Q3 FY26), ending December 31, 2025. The company maintained a strong growth trajectory, driven by robust performance across domestic and export markets.
Consolidated revenue for Q3 FY26 reached Rs 1,767.68 crores, marking a substantial 77.12% increase year-over-year (YoY) compared to Rs 997.96 crores in Q3 FY25. Sequentially, this represents a 19.07% growth over Q2 FY26 revenue of Rs 1,484.5 crores.
Key Financial Highlights (Consolidated)
The accompanying table summarizes the key consolidated financial metrics for the quarter and the nine-month period:
- EBITDA: Increased by 101.53% YoY to Rs 129.83 crores in Q3 FY26, up from Rs 64.42 crores in the prior year period.
- EBITDA Margin: Expanded by 89 basis points (bps) to 7.34% in Q3 FY26, up from 6.45% in Q3 FY25.
- Profit After Tax (PAT): Showed remarkable growth of 120.38% YoY, soaring to Rs 80.53 crores from Rs 36.54 crores in Q3 FY25.
- 9M FY26 Performance: Total revenue for the nine months reached Rs 4,383.37 crores, a 76.05% increase YoY, with PAT growing by 102.27% YoY to Rs 191.11 crores.
Management Commentary and Growth Drivers
Mr. Mangesh Chauhan, Managing Director, stated that the results reflect the strength of the company’s execution-led growth strategy. He highlighted the resilience of demand for lightweight, design-led jewellery, especially 9kt and diamond-studded formats among Gen Z consumers.
Mr. Chauhan emphasized that improved scale, deeper B2B partnerships, and a growing international footprint have translated into strong operating leverage, causing EBITDA to more than double year-on-year. Profitability tracked ahead of revenue, with PAT increasing over 120% YoY, driven by value-added manufacturing.
Operational Highlights for Q3 FY26
The company achieved several significant milestones during the quarter:
- New Appointments: Appointment of Mr. Virupakshi Kolla as a Non-Executive Independent Director and Mr. Siddharth Sipani as the new Chief Financial Officer (CFO).
- Global Expansion: Successful inauguration of the Dubai Office, attended by industry veterans.
- Strategic Acquisition: A subsidiary executed an agreement to acquire a 51% partnership interest in Shri Rishabh Gold.
- Product Innovation: Launched India’s first-ever 24 carat diamond jewellery collection at the GJS exhibition, creating history in the industry.
Looking ahead, the focus remains on strengthening execution, enhancing margins, and scaling global presence, supported by a healthy order pipeline and improving export traction.
Source: BSE
