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Sky Gold And Diamonds
SectorConsumer Goods
In the news
Sky Gold surges 26% in October, up 3-fold in FY27
Gold Stocks Fall as PM Modi Urges Restrained Buying Amid 7.8% GDP Growth
Market Movers: From IPO Frenzy to Margin Pressures
Market Movers: Zaggle's Margin Pain, Vikram's Solar Bet, and Dhoot's IPO Blockbuster
Sky Gold & Diamonds posts strong Q1 FY27 results, MSCI inclusion
MSCI India Index: Lenskart, Groww among 4 new additions; $1.52B inflows
Sky Gold Q1 profit surges 141% to ₹105 cr, shares hit 52-week high
Sky Gold targets ₹18,000 cr revenue by FY30, eliminates debt
PEG Ratio Screen Reveals 3 Mid-Cap Growth Stocks with Strong Fundamentals
Sky Gold & Diamonds: 20-bagger in 3 years amid cash flow concerns
Sky Gold & Diamonds posts strong Q4FY26 performance
Jewellery Stocks Crash Up to 6% After Gold Import Duty Hike to 15%
The Quarter story
The two most recent quarterly results, compared side-by-side.
Sky Gold & Diamonds drives consistent revenue growth and expanding profit margins, while inventory buildup and cash flow swings require attention.
Revenue grew from ₹1,131.2 Cr in Q1 FY26 to ₹2,012.8 Cr in Q1 FY27, confirming strong sales momentum.
Inventory changes deepened from -₹141.7 Cr in Q1 FY26 to -₹255.2 Cr in Q1 FY27, signaling sustained stock buildup.
PAT margin improved from 3.9% in Q1 FY26 to 5.2% in Q1 FY27, reflecting expanding net profitability.
Operating cash flow swung from ₹146.8 Cr in Q2 FY26 to ₹30 Cr in Q1 FY27, showing stabilization after a mid-year dip.
EBITDA rose from ₹71.4 Cr in Q1 FY26 to ₹156.7 Cr in Q1 FY27, demonstrating resilient cash earnings.
Export sales share declined from 12% in Q1 FY26 to 9% in Q3 FY26, highlighting reduced overseas reliance.
Gross margin climbed from 8.0% in Q1 FY26 to 9.3% in Q1 FY27, signaling better pricing and cost control.
Company insights, generated from the most recent coverage.
A 153% six-month rally took the multiple to roughly 45x, still well below Titan's ~69x. The discount to Titan gives it room, but the size of the move itself means any festive disappointment now hits both earnings and multiple at once.
Products reach more than 2,000 showrooms through B2B supply, so Sky Gold captures festive demand without owning showroom rent or funding consumer discounting. It is structurally the cheapest way to hold Indian gold-jewellery demand exposure.
Capacity utilisation sits at only about 60%. Sky Gold can grow revenue toward its Rs 8,100 Cr FY27 guidance without new capex, so incremental growth carries low fixed-cost intensity and limited balance-sheet risk.