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SKYGOLD · SKY GOLD AND DIAMONDS LIMITED · NSE · Filed 9 Aug · 1 min read

Sky Gold Reports 78% Revenue Rise and a Swing to Positive Operating Cash Flow

The B2B jewellery manufacturer's Q1 FY27 results show sharp year-on-year growth in revenue and profit, alongside a shift to positive operating cash flow.

What was filed

Sky Gold and Diamonds Limited (formerly Sky Gold Limited) issued a press release alongside its consolidated unaudited financial results for the quarter ended 30 June 2026. The company, a listed B2B gold jewellery manufacturer, reported sharp year-on-year growth in both revenue and profit and — notably — a shift to positive operating cash flow.

Managing Director Mangesh Chauhan attributed the performance to demand from organised jewellery retailers, traction in lightweight and value-added jewellery, and what the company calls an asset-light manufacturing model.

The growth and the cash-flow shift

Revenue and profit both rose steeply against the year-ago quarter, with margins expanding across the EBITDA, PBT and PAT lines (the figures are in the key-numbers panel). The company also reported sequential growth over Q4 FY26.

Beyond the growth numbers, the release's central claim is the swing to positive operating cash flow. Management linked this to its asset-light model, a growing contribution from what it terms the advance-gold business, and shorter export receivable cycles — factors it says are improving capital efficiency.

Exports, leadership and the stated FY27 target

The company said it showcased its portfolio at the Asiana UK-India Jewellery Expo in London and built an export order book of ₹30–45 crore, calling exports an increasingly important part of its growth strategy. It also disclosed the appointment of Akash Talesara as Chief Executive Officer.

In the MD's commentary, the company stated an aim of FY27 revenue of ₹8,100+ crore — a management-stated objective disclosed in the release, not a result.

Revenue (Q1 FY26)
₹1,131.2 → ₹2,012.8 crQ1 FY26 → Q1 FY27+78%
Reported PAT (Q1 FY26)
₹43.6 → ₹104.9 crQ1 FY26 → Q1 FY27+141%
EBITDA (Q1 FY26)
₹71.4 → ₹156.7 crQ1 FY26 → Q1 FY27+119%
Net margin
3.9% → 5.2%Q1 FY26 → Q1 FY27+1.4 pp
EBITDA Margin (Q1 FY27)
7.8%
Reported PBT (Q1 FY27)
₹134.8 crore
Export order book (Asiana Expo)
₹30–45 crore
Stated FY27 revenue target
₹8,100+ crore

‡ Computed by us from the filing’s own figures — not a company-stated number.

For a holder, the disclosed swing to positive operating cash flow is a working-capital signal in a gold-jewellery business where inventory and receivables are capital-intensive; the growth figures and the ₹8,100+ crore stated target are management representations in a press release accompanying unaudited results.

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