Earnings Call/Transcript
Sky Gold & Diamonds Earnings Call Transcript
Sky Gold & Diamonds filed the transcript of its 31 October 2026 earnings call covering unaudited standalone and consolidated Q2 and H1 FY27 results.
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Consumer Durables
Gems, Jewellery And Watches
14,375 Cr
High Risk
35.8
43.5
0.3
10.2
1,083.00
288.00
Sales CAGR
Profit CAGR
ROE
ROCE

Earnings Call/Transcript
Sky Gold & Diamonds filed the transcript of its 31 October 2026 earnings call covering unaudited standalone and consolidated Q2 and H1 FY27 results.
Earnings Call/Transcript
Sky Gold & Diamonds announced that the audio recording of its 31 October 2026 earnings conference call is available on its website.
Sky Gold & Diamonds Ltd (SKYGOLD) is currently trading at 950.35 per share. Stock prices fluctuate during market hours on NSE and BSE based on demand, company updates, and overall market conditions. Refer to the live price chart above for the most recent price movement.
Sky Gold & Diamonds designs, manufactures and markets gold, diamond, mangalsutra and uncut-diamond jewellery for wholesalers, organized retailers, showrooms and international customers. Its model combines a large design library, regional customization, technology-enabled production and increasingly diversified product categories, with manufacturing capacity of approximately 750–800 kilograms of gold per month. The company delivered a sharp acceleration in Q2 FY27, with consolidated revenue of INR2,391 crores, up 61% year-on-year, EBITDA of INR189.8 crores and reported PAT of INR129 crores. Despite an exceptional charge related to a subsidiary fraud incident, operational PAT reached approximately INR135 crores, indicating strong underlying earnings momentum. Sky Gold & Diamonds is shifting from a traditional gold manufacturing model toward a higher-value, more capital-efficient mix. Advance-gold arrangements represented 16% of Q2 business, while studded jewellery, including natural and lab-grown diamond products, continued gaining share and supported gross-margin expansion without a proportionate increase in capital requirements. Exports have become a significant growth engine rather than a supplementary activity. Quarterly exports reached approximately INR435 crores in Q2 FY27, compared with INR35 crores for the full year FY23, taking annualized exports above INR1,600 crores and extending the company’s reach across the GCC, Singapore, Malaysia, Japan, the United Kingdom and other markets. Management’s central strategic thesis is that jewellery manufacturing is undergoing formalization and supplier consolidation. Sky Gold & Diamonds is positioning itself as a professionally managed, technology-enabled, multi-category supplier for large retailers, supported by regional design capabilities, faster delivery, acquisitions and a Dubai office serving international customers.
Over the past 52 weeks, Sky Gold & Diamonds Ltd has traded between a low of ₹288.00 and a high of ₹1,083.00. The 52-week high and low indicate the stock’s price range over the last year and help investors understand its volatility and recent trading levels.
Sky Gold & Diamonds Ltd has a market capitalization of approximately 14,374.62. Market capitalization represents the total value of a company’s outstanding shares and helps investors understand its size, stability, and relative risk compared to other listed companies.
Sky Gold & Diamonds Ltd’s investment profile depends on its business fundamentals, valuation, and long-term outlook. The stock currently trades at a PE ratio of 35.79 and operates in the its sector sector. Investors typically assess financial performance, growth prospects, and individual risk tolerance before making investment decisions.
Based on its market capitalization of 14,374.62 Cr, Sky Gold & Diamonds Ltd is classified as a Small Cap stock. Large-cap stocks are generally more stable, while mid-cap and small-cap stocks tend to offer higher growth potential along with higher price volatility.
Sky Gold & Diamonds Ltd operates in the its sector sector. Sector classification matters because companies in the same sector are often affected by similar economic conditions, regulatory changes, and competitive dynamics, which can influence overall stock performance.
The Price-to-Earnings (PE) ratio of Sky Gold & Diamonds Ltd is 35.79. The PE ratio compares a company’s share price to its earnings and is commonly used to assess valuation. Comparing the PE ratio with sector peers and historical levels provides better context.
Sky Gold said it acquired Rishabh Gold for less than Rs 10 crore. The company did not disclose the precise purchase price, acquisition date or deal structure during the Q2 and H1 FY27 call.
Sky Gold’s advance-gold model uses gold procured and supplied by the customer. Sky Gold manufactures the jewellery and records the manufacturing revenue without funding the customer-supplied gold inventory or related receivables.
Sky Gold reported Rs 435 crore of exports in Q2 FY27. Management compared that with about Rs 35 crore of exports for the whole of FY23. It also said exports accounted for roughly 18% of the business at the time of the call.
Sky Gold reported Rs 136 crore of operating cash flow in H1 FY27. This compared with an operating-cash outflow of Rs 100.9 crore in H1 FY26, and the H1 FY27 inflow equalled 58% of PAT of Rs 234 crore.