Shares of Sky Gold and Diamonds traded lower on Wednesday despite the company reporting a robust set of earnings for the first quarter of FY26. The stock fell as much as 4.09% in intraday trade before paring some losses, and was down 2.96% by the afternoon session, as investors likely booked profits following the earnings announcement.
The company posted a 56.5% year-on-year jump in consolidated revenue, which rose to Rs 1,131 crore in the April–June quarter, up from Rs 723 crore in the same period last year.
Operating performance also improved significantly, with Ebitda climbing 91.6% to Rs 71.4 crore. Net profit for the quarter more than doubled to Rs 43.6 crore, compared to Rs 21.2 crore a year ago. Margins expanded to 6.3% from 5.2%, reflecting improved cost efficiencies and higher sales volumes.
Sky Gold and Diamonds operates in the jewellery manufacturing and retail sector, with a focus on lightweight gold ornaments. The company primarily caters to the domestic market and has a growing presence in export segments. It supplies to major retailers and also operates under its own brand in select regions. The firm has been expanding its manufacturing capacity and product range to meet rising demand, particularly in urban and semi-urban markets.
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