Sky Gold shares locked in 5% lower circuit despite reporting strong Q1 results

Sky Gold and Diamonds faced selling pressure, locking at a 5% lower circuit despite strong Q1FY26 results, with net profit doubling to ₹43 crore. The company aims for ₹7,600 crore revenue by FY27, driven by export growth and strategic client acquisitions.

Sky Gold and Diamonds continues to outpace its peers in the organised jewellery manufacturing segment. The company has maintained a lean cost structure, nearly 50 per cent lower than the industry average, while also expanding strategically. 

Commenting on the performance, Mangesh Chauhan, Managing Director of Sky Gold and Diamonds, said the results align with the company’s vision of becoming a ₹7,600 crore enterprise by FY27. He added that robust export momentum, strategic product innovation, and increasing client acquisitions are expected to drive further growth. “Our Dubai expansion will position us among the top integrated gold jewellery manufacturers from India,” Chauhan said.