Sky Gold and Diamonds (541967) Q1 26/27 earnings summary

Executive summary

• Q1 FY27 revenue reached ₹2,013 crore, up 78% year-over-year, with PAT of ₹104.9 crore, and EBITDA margin at 7.8%.

• Gross margin improved to 9.3%, driven by advanced gold and value-added products.

• New CEO Akash Talesara appointed, bringing over two decades of industry experience.

• Board approved unaudited Q1 FY27 results, with statutory auditors issuing an unmodified review opinion.

• Strategic focus on design-led manufacturing, operational efficiency, and expanding premium product mix.

Financial highlights

• Q1 FY27 consolidated revenue was ₹201,279.39 lakhs, up from ₹113,123.66 lakhs in Q1 FY26.

• Q1 FY27 PAT was ₹104.9 crore, up 140.7% year-over-year.

• Gross margin rose to 9.3% in Q1 FY27 from 8.1% in Q1 FY26; EBITDA margin at 7.8%.

• Operating cash flow turned positive at ₹30 crore.

• Gross debt at quarter-end stood at ₹540 crore.

Outlook and guidance

• FY27 revenue guidance maintained at ~₹8,100 crore, with PAT margin guidance at 4.5–5.25%.

• Long-term vision targets ₹18,000–19,000 crore revenue and net debt-free status by FY30.

• Advance gold expected to contribute ~30% of volumes by FY30.

• Export contribution expected to reach 20% in coming years, with Europe targeted for 3–5%.

• Measures taken to strengthen internal controls and employee awareness after cyber fraud incident.