Sky Gold eyes Rs 7,600 cr revenue by FY27, rides high on new clients, lightweight jewellery


Daijiworld Media Network- Mumbai

Mumbai, Jul 25: Sky Gold and Diamonds Ltd. has set its sights on doubling revenue to Rs 7,600 crore by FY27, riding on robust demand, client expansion, and a rising shift towards lightweight and advanced gold jewellery.

Speaking to NDTV Profit on Thursday, Managing Director Mangesh Chauhan expressed confidence in achieving the target, citing strong Q1 growth and a clear business roadmap. “We are actively expanding our advanced gold business and introducing lightweight jewellery, which ensures better margins,” Chauhan said.

The company reported a stellar Q1FY26, with net profit more than doubling to Rs 43 crore from Rs 21 crore in Q1FY25. Consolidated revenue jumped 56.5% year-on-year to Rs 1,131 crore, fuelled by successful launches in 18-carat, white gold, and studded segments.

Chauhan noted that the advanced gold segment, which includes newer, value-added designs, is set to contribute 7.5% of revenue this year and touch 10% by next year. “This will significantly improve our EBITDA and margin profile,” he added.

Sky Gold has onboarded a mix of large corporations and mid-to-small-scale jewellery retailers across India. “In the last three quarters, we’ve added clients with anywhere between three to 20 stores. This diversified base ensures we’re not dependent on just a few large clients,” Chauhan said.

The company has already raised funds and infused capital into both its parent firm and subsidiaries to boost capacity and production efficiency. “Our clients are expanding rapidly — at a rate of 30% to 40% — and we are supplying inventory to both their new and existing stores,” he said.

Looking ahead, Sky Gold is banking on a shift from the unorganised to the organised jewellery sector. Of the Rs 9–10 lakh crore Indian jewellery market, only 35% is currently organised, Chauhan said. “We expect this transition to accelerate in the coming years. Our clients are set to open nearly 2,500 new stores, which will be a major growth driver.”

With strong quarterly numbers, product innovation, and a growing client base, Sky Gold appears well on course to hit its ambitious FY27 revenue goal.

  

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Title: Sky Gold eyes Rs 7,600 cr revenue by FY27, rides high on new clients, lightweight jewellery



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