Mumbai, Feb 10 — Sky Gold and Diamonds Limited (BSE: 541967 | NSE: SKYGOLD), listed B2B Gold Jewellery manufacturer, today announced its Q3FY26 results for the quarter ended December 31, 2025. The company has continued a strong growth momentum, backed by rising exports, capacity enhancement plans, and deeper retail partnerships across India, the Middle East and Southeast Asia.
Q3 FY26 and 9M FY26 Financial Highlights (Consolidated)
(All figures in ₹ crore unless otherwise stated)
| Particulars
(₹ Crores) |
Q3FY26 | Q3FY25 | Y-o-Y | Q2 FY26 | Q-o-Q | 9MFY26 | 9MFY25 | Y-o-Y |
| Revenue | 1767.68 | 997.96 | 77.12% | 1484.5 | 19.07% | 4383.37 | 2489.84 | 76.05% |
| EBITDA | 129.83 | 64.42 | 101.53% | 107.89 | 20.33% | 313.42 | 161.44 | 94.14% |
| EBITDA Margin (%) | 7.34% | 6.45% | 89bps | 7.27% | 7bps | 7.15% | 6.48% | 67bps |
| PAT | 80.53 | 36.54 | 120.38% | 66.99 | 20.21% | 191.11 | 94.48 | 102.27% |
Commenting on the results, Mr. Mangesh Chauhan, Managing Director, Sky Gold and Diamonds Limited, said: “Our Q3 FY26 performance reflects the strength of our execution-led growth strategy, with consolidated revenue rising about 76% year-on-year and 19% sequentially, supported by sustained demand across domestic and export markets. Despite elevated gold prices and periodic volatility, the preference for lightweight, design-led jewellery has remained resilient, particularly with increasing adoption of 9kt and diamond studded jewellery formats among Gen Z consumers. It is further fueled by an increase in the advanced gold jewellery business and adding new marque customers in the Indian and Middle east market. Improved scale, deeper B2B partnerships and a growing international footprint have translated into strong operating leverage, with EBITDA more than doubling year-on-year and margins expanding to 7.34%.”
“Profitability continues to track ahead of revenue growth, with PAT increasing over 120% year-on-year, reflecting disciplined cost management and a higher share of value-added manufacturing. Looking ahead, while gold prices may remain range-bound in the near term, the medium-term outlook remains favourable, supported by structural demand drivers and the ongoing shift towards organised manufacturing. As we move into the final quarter of the year, our focus remains on strengthening execution, enhancing margins and scaling our global presence in a calibrated manner, supported by a healthy order pipeline and improving export traction.”
Operational Performance & Growth Drivers
Sky Gold and Diamonds continues to deliver industry-leading performance, consistently outpacing organized jewellery manufacturers across key operational and financial parameters. Backed by a structurally efficient cost model and disciplined capital deployment, the company remains focused on driving sustainable margin expansion while advancing its global growth agenda.
Key highlights for Q3 FY26 include:
- New Appointments- Appointment of Mr. Virupakshi Kolla as a Non-Executive Independent Director and Mr. Siddharth Sipani as Chief Financial Officer (CFO)
- Inauguration of Dubai Office– Dubai office inaugurated in presence of industry veterans
- Strategic Acquisition-M/s Starmangalsutra Private Limited (WOS) executed a partnership agreement to acquire 51 % partnership interest in Shri Rishabh Gold.
- Launch of 24 carat JewelleryCollection- Created history at the GJS exhibition by launching India’s first ever 24 carat diamond jewellery.