SKY GOLD AND DIAMONDS LIMITED — Investor Meet, 20-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Sky Gold & Diamonds reported strong Q2 FY26 results: Revenue surged 93% YoY to INR 1,484 Cr, with PAT up 82% YoY to INR 67 Cr. Volumes grew 20% QoQ to 544 kg/month. Gross margin improved to 8.2% and EBITDA margin to 6.7%. Management is confident, targeting INR 5,400 Cr revenue by FY26 and INR 7,600 Cr by FY27 with a conservative 4.25-4.3% PAT margin. Key drivers include recent acquisitions (Speed Bangle, Rishab Gold), doubled exports to ~INR 150 Cr, new Dubai office, and increasing advanced gold business (7% of Q2 sales). Q3 is expected to be the best quarter yet.