Now Reading: Sky Gold Q1 profit surges 141%, revenue up 78%
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Sky Gold Q1 profit surges 141%, revenue up 78%
Sky Gold and Diamonds reported a 141% jump in net profit to Rs 104.9 crore for the first quarter of FY27, compared with Rs 43.6 crore a year ago. Revenue rose 78%…
The Story in Brief
Sky Gold and Diamonds reported a 141% jump in net profit to Rs 104.9 crore for the first quarter of FY27, compared with Rs 43.6 crore a year ago. Revenue rose 78% to Rs 2,012.8 crore, driven by strong demand for lightweight and value-added jewellery, the company said.
EBITDA climbed 120% to Rs 156.7 crore, with margins improving to 7.8%. Shares rallied 9.5% on Monday to Rs 787.80 after the announcement. The management has set a revenue target of Rs 8,100 crore-plus for FY27. FIIs raised their stake from 1.20% to 2.79% during the quarter, and mutual funds increased holdings to 11.03%.
The Indian Opinion
The 152% one-year stock rally and an RSI above 70 are feeding a narrative that Sky Gold is an unstoppable winner in the organised jewellery shift. Yet the same numbers should prompt caution: the stock is technically overbought, and the high growth is already priced in. Whether the company can sustain margins above 7.5% while chasing its Rs 8,100 crore revenue target will separate hype from lasting value.
Sources (2): ndtvprofit.com, economictimes.indiatimes.com
This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources.
