Sky Gold & Diamonds Ltd

Q3 FY26Consumer Durables

Sky Gold & Diamonds Q3 FY26 earnings call: Revenue & Margins

Q3 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹804

Market cap₹10.5K Cr

P/E38.2

Updated23 Aug 2026

Read4 min read

The short version

Revenue Growth: Targeting INR 18,000 to 19,000 crores by FY 2030 with a 30%-35% CAGR in revenue growth. Sky Gold aims for revenue growth of 30%-35% CAGR through FY 2030, targeting INR18,000-19,000 crores by FY 2030.

From Sky Gold & Diamonds Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

Revenue Growth: Targeting INR 18,000 to 19,000 crores by FY 2030 with a 30%-35% CAGR in revenue growth.
Volume Growth: Average monthly sales expected to increase from 631 kg in Q3 FY '26 to approximately 750 kg in FY '27.
Product Mix: Increased sales in value-added products like 18kT, 9kT, studded, and lab-grown diamond jewelry.
Client Expansion: Added major clients including Aditya Birla, Reliance, Caratlane, and Tanishq; expanding wallet share.
Export Growth: Export share expected to rise from around 10% recently to 13%-20% going forward.
Distributor Network: Developing region-wise dealership networks to reach smaller retailers and mom-and-pop stores.

2 more points management made on revenue & sales performance

Profitability & Margins

Sky Gold aims for revenue growth of 30%-35% CAGR through FY 2030, targeting INR18,000-19,000 crores by FY 2030.
PAT expected to reach approximately INR945 crores by 2030, with PAT margin guidance around 5.2%+.
Operating Cash Flow (OCF) to PAT ratio targeted at close to 20% by 2029-2030.
Current FY 2026 PAT margin around 4.4%; conservative guidance for FY 2027 at 4.25%+.
Volume growth expected from 631 kg/month (Q3 FY 2026) to average 750 kg/month in FY 2027.
Improvement in working capital cycle to below 60 days, aiding cash flow and profitability.

2 more points management made on profitability & margins

See what Sky Gold & Diamonds Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

The 9-month capex for the current period is around INR 35-40 crores (Page 12).
Future capex plans include a factory investment part costing INR 50 crores per year, funded from the extra profits generated annually (Page 16).
The company is focusing on being cash flow positive and funding growth internally, with no plans for equity dilution or external fundraises until FY 2030 (Page 17).
Strategic investment focus includes expanding product lines (9kT, 14kT, lab-grown diamond, studded jewelry) and increasing wallet share in existing customers and subsidiaries (Page 15).

2 more points management made on capital expenditure plans

Top-ranked in Consumer Durables

Ranked on what management guided this quarter

5x potential

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3₹2.5K Cr

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4₹1.7K Cr

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5₹1.7K Cr

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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

No current plans for equity dilution or fundraising as the company is "nicely funded."
The company is guiding for positive cash flow and expects to fund business growth through internal accruals only.
No planned equity dilution or fundraise till FY 2030.
Focus is on improving the working capital cycle to reduce fund needs.
The company aims to be net debt-free by 2030, indicating no additional debt fundraises are planned.

2 more points management made on fundraising & capital structure

See what Sky Gold & Diamonds Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The transcript does not explicitly mention the current or expected order book or pending orders in quantitative terms. However, relevant insights include: - The company has seen strong demand with a healthy wedding pipeline and festive season sales. - Retailer inventories are maintained at normal levels, aligned with store size (e.g., 50-80 kg per showroom). - Advanced gold business and value-added product segments are growing. - The company is onboarding large new clients (Aditya Birla, Reliance, Caratlane, Tanishq) and expanding exports. - Sales growth guidance targets around 750 kg average monthly volume for FY '27 with approximately INR 8,100 crores revenue.

2 more points management made on order book & pipeline

Sky Gold & Diamonds Ltd — Quarterly revenue & net profit

Revenue Net profit

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹1.9K Cr, net profit ₹91 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

What Sky Gold & Diam.'s management said in earlier quarters

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Frequently Asked Questions

What were Sky Gold & Diamonds Ltd Q3 FY26 results?

What is Sky Gold & Diamonds Ltd share price analysis?

Sky Gold & Diamonds Ltd currently shows a neutral. The stock trades at a P/E of 38.2 with a market cap of ₹10,510 Cr. Investors should review the full earnings analysis for detailed insights.

Is Sky Gold & Diamonds Ltd planning capital expenditure?

The 9-month capex for the current period is around INR 35-40 crores (Page 12).

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.