Sky Gold Ltd Q2 net profit jumps 405 percent to Rs 37 crore

Sky Gold Limited (SGL), a leading jewellery company reported a 405 percent jump in net profit to Rs 37 crore ($4.4 million) for the second quarter of the financial year, as against Rs 7 crore in the year-ago quarter.

The company’s revenue for the quarter grew by 94 percent to Rs 769 crore, as against Rs 396 crore in the corresponding quarter of the previous fiscal year.

During the quarter, Sky Gold added leading jewellers Caratlane and P N Gadgil Jewellers to its portfolio of clients. It also acquired jewellery companies Sparkling Chains and Starmangalsutra.

Commenting on the results, Mangesh Chauhan, managing director of Sky Gold in a statement said, “We’re thrilled to share our results for another record-breaking quarter, led by the strength of our focused growth strategy and resilience in an evolving market environment. With a 94.2% year-over-year revenue increase, our progress reflects the impact of ongoing product innovation, enhanced capacity utilization, and synergies from recent acquisitions.”

“Looking ahead, we’re optimistic about meeting our FY27 revenue goal of Rs 6,300 crore with the festive and wedding seasons in the December quarter which is set to be a period that traditionally sees peak jewellery sales. We anticipate 25–30% growth at the retail level,” he added.

Founded in 2008, the Mumbai-based Sky Gold works on business-to-business model with leading jewellery retailers like Malabar Gold, Joyalukkas, Kalyan Jewellers, Senco Gold among others.