Now Reading: Sky Gold Q1 profit doubles to Rs 103 crore, revenue surges 78%
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Sky Gold Q1 profit doubles to Rs 103 crore, revenue surges 78%
Sky Gold & Diamond's net profit more than doubled to Rs 103 crore in the first quarter of FY27, while revenue jumped 78% year-on-year to Rs 2,013 crore. EBITDA rose to Rs…
The Story in Brief
Sky Gold & Diamond's net profit more than doubled to Rs 103 crore in the first quarter of FY27, while revenue jumped 78% year-on-year to Rs 2,013 crore. EBITDA rose to Rs 157 crore and margin improved to 7.8%, according to the company's latest filing.
The Indian Opinion
The strong numbers are impressive but investors should not ignore gold price volatility and rising competition in the jewellery segment. The narrative of a smallcap gem being a sure winner ignores the risk of margin compression and inventory losses. A key test will be whether the company can sustain double-digit growth in the next quarter without relying on one-time gains.
Source: ndtvprofit.com
This story was synthesised by AI from the source linked above.
