Shanti Gold International Ltd
Shanti Gold International Ltd Q3 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Q3 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Expected volume growth for FY27 is 60% to 70% annually. Shanti Gold expects strong volume growth of 60% to 70% annually for FY27, continuing into FY28 and FY29.
From Shanti Gold International Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Expected volume growth for FY27 is 60% to 70% annually.
- The new 4,000 kg capacity expansion is planned to be operational by May 2026, increasing total capacity from 2,700 kg to approximately 6,700 kg.
- The new Jaipur facility (1,200 kg capacity) is expected to be operational by July 2026.
- The total capacity, including new expansions, will reach 7,900 kg by May 2026, with factory utilization expected to rise to 75%-80% in FY27.
- The export business currently at 4%-5% revenue share is projected to increase to 10% by next year, with focus on UAE, Singapore, Malaysia, and Qatar.
- Revenue guidance for the next quarter is around INR 2,000 crores for the full year FY26.
- Growth plans are backed by new product lines and diversification in jewelry designs, targeting sustained market demand.
Profitability & Margins
See what Shanti Gold International Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Shanti Gold is investing in new manufacturing facilities:
- - Mumbai facility: Capex of approximately INR 85 crores.
- - Jaipur facility: Capex of approximately INR 46.8 crores.
- The new Jaipur facility will be operational by July 2026 with a capacity of 1,200 kg.
- The Mumbai facility is expected to be operational by May 2026, adding 4,000 kg capacity.
- Total manufacturing capacity will increase from the current 2,700 kg to 7,900 kg by May 2026.
- The company plans to ramp up capacity utilization to 75%-80% by FY27.
- Growth strategy includes expanding exports by opening an office in Dubai, aiming to increase export revenue from 4% to 10% by next year.
- Future expansions are backed by customer demand with product samples already tested and approved.
- Minimal operational expenses expected for the new capacities, with most costs centralized in the existing factory.
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Ranked on what management guided this quarter
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Fundraising & Capital Structure
See what Shanti Gold International Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- The company expects significant growth in volume following capacity expansion to 6,700 kg per annum by May 2026.
- New factory capacity of 4,000 kg is planned to be operational by May 2026, aiming for 800 to 1,000 kg utilization in the first year.
- Capacity utilization of existing factory (2,700 kg) is at around 68%, expected to rise to 75%-80%.
- Growth guidance for FY27 is 60%-70% increase in volume and revenue.
- Expansion plans are backed by customer approvals and sample lines, indicating firm order visibility.
- The company expects to achieve utilization and revenue targets steadily post-capacity ramp-up.
- No explicit numeric order book size was disclosed, but firm customer commitments were indicated for the new product lines.
Shanti Gold International Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹659 Cr, net profit ₹52 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Shanti Gold International Ltd's management said in earlier quarters
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Frequently Asked Questions
What were Shanti Gold International Ltd Q3 FY26 results?
Expected volume growth for FY27 is 60% to 70% annually. Shanti Gold expects strong volume growth of 60% to 70% annually for FY27, continuing into FY28 and FY29.
What is Shanti Gold International Ltd share price analysis?
Shanti Gold International Ltd currently shows a neutral. The stock trades at a P/E of 10.2 with a market cap of ₹1,901 Cr. Investors should review the full earnings analysis for detailed insights.
Is Shanti Gold International Ltd planning capital expenditure?
Shanti Gold is investing in new manufacturing facilities: - Mumbai facility: Capex of approximately INR 85 crores.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.