Sky Gold And Diamonds Limited · NSE:SKYGOLD
Sky Gold And Diamonds — Q2 FY26 Earnings Presentation
42 slides from Sky Gold And Diamonds's earnings presentation, Nov 13, 2025
Slide 1: Regulation 30 disclosure letter to stock exchanges
Date: 13th November 2025 To, To, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot No. C/1, G Block, Dalal Street, Fort, Bandra-Kurla Complex, Bandra (East), Mumbai 400001 Mumbai 400051 Scrip Code: 541967 Trading Symbol: SKYGOLD Subject: Disclosure
Slide 2: Investor Presentation – Q2 & H1FY26
Investor Presentation – Q2 & H1FY26
Slide 3: Safe Harbor Statement
Safe Harbor Statement This presentation and the accompanying slides (the “Presentation”), which have been prepared by Sky Gold and Diamonds Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscri
Slide 4: Index
Index 01 Q2 & H1FY26 Financial Snapshot 02 Key Updates 03 Drivers of Growth 04 Company Overview 04 Financial Delivery 3
Slide 5: Q2 & H1FY26 Financials
Q2 & H1FY26 Financials
Slide 6: Q2 FY26 Performance Highlights (Y-o-Y)
Q2 FY26 Performance Highlights (Y-o-Y) Q2 FY26 Q2 FY26 Q2 FY26 Revenues EBITDA PAT INR 1,484.5 Crs INR 99.9 Crs INR 67.0 Crs +93.1% +157.5% +82.6% Y-o-Y Y-o-Y Y-o-Y Revenue Split Volume Nos. (Kg/Month) 10% 544 447 460 456 345 90% Export Domestic Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 * Consolidated
Slide 7: Q2 & H1FY26 Performance Scorecard
Q2 & H1FY26 Performance Scorecard Q2 FY26 H1FY26 ₹ 1,484.5 Crore ₹ 2,615.7 Crore The company grew Q2FY26 revenues by 93.1% Y-o- Y, EBITDA by 157.6% Y-o-Y and PAT by 82.6% Y-o-Y Revenue from Operations Revenue from Operations +93.1% Y-o-Y +75.3% Y-o-Y ₹ 121.3 Crore ₹ 211.6 Crore Sky Gold & Diamonds i
Slide 8: Q2 & H1FY26 Performance Highlights
Q2 & H1FY26 Performance Highlights (All Figures In Rs Cr) Revenue from Operations Gross Profit & Gross Margin % 6.5% 8.2% 6.4% 8.1% 2,615.7 211.6 1,484.5 1,491.9 121.3 95.9 768.8 50.0 Q2FY25 Q2FY26 H1FY25 H1FY26 Q2FY25 Q2FY26 H1FY25 H1FY26 EBITDA & EBITDA Margin % PAT & PAT Margin % 5.1% 6.7% 5.1% 6
Slide 9: Q2 & H1FY26 Consolidated Profit & Loss Statement
Q2 & H1FY26 Consolidated Profit & Loss Statement Profit & Loss Statement (Rs. Crs.) Q2 FY26 Q2 FY25 Y-o-Y Q1 FY26 Q-o-Q H1FY26 H1FY25 Y-o-Y Revenue from Operations 1484.5 768.8 93.1% 1,131.2 31.2% 2615.7 1,491.9 75.3% Cost of Materials Consumed 1200.7 723.6 1,182.7 2383.3 1,407.4 Purchase of Stock i
Slide 10: Consolidated Balance Sheet
Consolidated Balance Sheet ASSETS (Rs. Crs.) 30-Sept-25 31-Mar-25 EQUITY AND LIABILITIES (Rs. Crs.) 30-Sept-25 31-Mar-25 ASSETS Equity Non ‐ Current Assets (a) Equity share capital 154.9 146.7 Property, plant and equipment 53.4 36.4 (b) Other equity 881.8 537.1 Capital work‐in‐progress 110.3 0.6 Equ
Slide 11: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Cash Flow Statement (Rs. Crs.) Sept-25 Sept-24 Cash Flow from Operating Activities 146.8 74.6 Profit before Tax 29.5 1.6 Adjustment for Non-Operating Items 176.3 76.2 Operating Profit before Working Capital Changes -242.7 -129.4 Changes in Working Capital -66.5 -53.2
Slide 12: Key Updates
Key Updates
Slide 13: Q2 & H1FY26 Company Updates
Q2 & H1FY26 Company Updates Collaborated with SENCO Gold and Diamonds to Opening of Dubai office for facilitating export Completion of Speed Bangle Acquisition Launch 9kt Gold Jewellery sales • Senco Gold & Diamonds, an esteemed existing • Sky Gold & Diamonds have incorporated a new B2B • The strate
Slide 14: Sky Gold Vision: Driving next leg of growth
Sky Gold Vision: Driving next leg of growth Sky Gold & Diamonds Vision Revenues Capacity Utilization ~ 900 kgs per PAT Margin 4.25-4.5% by FY27 ROCE >25% ~ Rs. 7,600 Crs by FY27 month by FY27 Key Initiatives in this Direction Corporate Action Total Capital infusion of To support Increased Working Hi
Slide 15: 2x Revenue Growth Achieved – Gearing Up to Repeat
2x Revenue Growth Achieved – Gearing Up to Repeat Gross Margin Capacity Expansion Scalable, Asset-Light Sales Team Expansion Business Model Alignment Proposed scale- up to 4.5 tons Working Capital capacity is our strategic priority, Strong belief in the Sales team KPIs are Gross margin improved Opti
Slide 16: Drivers of Growth
Drivers of Growth
Slide 17: Charting the Course – Core Pillars for Progress
Charting the Course – Core Pillars for Progress Delivering on Growth Guidance Achieving Growth Through Strategic Focus on Key Pillars Strong hold in existing 22 carat Expanding Product Portfolio category Revenues (in Crs.) Expanding into other emerging categories like 18 carat/diamond/ studded light
Slide 18: Shining Bright: The Future of India's Jewellery Industry
Shining Bright: The Future of India’s Jewellery Industry Indian Domestic Jewellery Market Size – by Value (USD billion) 145 +16% • By FY 2028, the Indian jewellery retail market is set to touch USD 145 billion, driven by macroeconomic tailwinds and a rise in disposable +8% 84 incomes. 70 60 57 • A s
Slide 19: Glittering Prospects: Exploring Investment in India's Jewellery Market
Glittering Prospects: Exploring Investment in India’s Jewellery Market Organised Segment To Continue Gaining Market Share In The Retail The market size of the organized sector is projected to grow from USD 19.2 billion in FY 2020 to USD 82.65 billion by FY 2028, reflecting a CAGR of 20% Jewellery Ma
Slide 20: Company Overview
Company Overview
Slide 21: SKY Gold & Diamonds: Make in Bharat for the World
SKY Gold & Diamonds : Make in Bharat for the World Leading the way in manufacturing of Casting Gold Jewellery since 2008 Established in 2008, Sky Gold has been a trailblazer in the realm of casting jewellery. Founded by three visionary founders: Mangesh Chauhan Mahendra Chauhan Darshan Chauhan Sky G
Slide 22: Crafted For Tomorrow: Sustainable, Stunning and Smart
Crafted For Tomorrow : Sustainable, Stunning and Smart 20 Years 1150 Manufacturing Facility Manufacturing Capacity Available with reputed Available in 2,000 retail (including 110+ designers) 14.4 tonne Indian & international outlets across India & of Experience Employees 1,30,000 sqft corporates & d
Slide 23: Key Milestones
Key Milestones 2005 - 2008 2018 2023 2024 2025 • Incubated as a SkyGold • Achievement of listing • Made it to the Main Boards of • Acquisition of Star • Purchase of 10,500 sq. Started as a Partnership on the BSE SME NSE & BSE Mangalsutra & Sparkling mtr industrial land for firm, laying the reflectin
Slide 24: Management Team
Management Team Mr. Mangesh Chauhan With over two decades of experience, Mangesh Chauhan has transformed Sky Gold & Diamonds Ltd. into a leading force in lightweight gold and diamond jewellery. Starting in Mumbai’s Zaveri Bazar, he pioneered India’s first organised B2B jewellery manufacturing model
Slide 25: Crafting Exclusively
Crafting Exclusively What sets Sky Gold & Diamonds apart in our collection of monopoly designs is the embodiment of exclusivity and creativity. Our exclusive creations stand as a testament to the unparalleled ingenuity and innovation of our dedicated design team. With a commitment to meeting the div
Slide 26: Competitive Advantages
Competitive Advantages Lead Time Scale of Operation Our R & D Approach Leading single – Analyze global From design to location fashion trends, finished product manufacturer in innovate, design in 7-20 days. Tech-focused Manufacture Vast Design Collection Experience India. in India. Using latest tech
Slide 27: Strategic Directions
Strategic Directions Deepen & fortify our current customer connections while extending our reach into new geographical markets. Bolster our Inventory Management practices for enhanced efficiency on a global scale. Amplify our production Strategic Directions capabilities & enrich our product portfoli
Slide 28: Design Process
Design Process Empathise Ideate Design Prototype Global Consumer MANUFACTURING Design Hand Sketch Research CAD Sales Analysis & Inspiration Element Detailing Feedback CAM Trend Study & Forecast Form Generation Technical Drawing 01 02 03 04 27
Slide 29: Manufacturing Process
Manufacturing Process 3D printing & Master a Filling & Laser Solder Mould Wax Central Q.A. & Weighing Polishing Wax Mould Setting Dispatch POP Glod Tree Plucking Final QC & Packing Flask Casting by Heating PoP cavity & PoP Removal 28
Slide 30: Quality Control Process
Quality Control Process Stage 1 Stage 2 Stage 2 Raw Material Testing Production Process Examination Final Inspection and Packaging XRF Fire Assay Cleanliness Aspects Aesthetic Aspects Functional Aspects • Purity testing • Safety • Cubic Zirconia • Wrapping • Gold Purity • Shape Uniformity • No Sharp
Slide 31: Sky Sub-Brands
Sky Sub-Brands Rangi Marisa Saathiya Sovana Misha Shaan Tazim Zenna Kimora Shai Rose Atiriya Aasma Sky9 Diamonds Morni 30
Slide 32: Clients- Strong Relationships Fuelling Growth
Clients- Strong Relationships Fuelling Growth Domestic Clients International Clients 31
Slide 33: Participation in Prestigious Shows
Participation in Prestigious Shows 32
Slide 34: Glimpse of our Navi Mumbai Facility
Glimpse of our Navi Mumbai Facility 33
Slide 35: Win-Win Proposition
Win-Win Proposition How our Client Benefits Increased Outsourced End Customer Exclusive Customized Consistency and Assured Lifetime responsiveness to End Manufacturing = Knowledge Design Catalogue Quality Products Maintenance Customer Needs Higher ROCE Stickiness of Business How Sky Gold Benefits In
Slide 36: Financial Delivery
A” ALI ni a ul Financial Delivery
Slide 37: Historical Profit & Loss Statement
Historical Profit & Loss Statement Profit & Loss Statement (Rs. Crs.) 31-Mar-25 31-Mar-24 31-Mar-23 Revenue from Operations 3548.0 1,745.5 1,153.8 Cost of Materials Consumed 3393.2 1,821.7 1,114.9 Changes in Inventories of FG & WIP -96.1 -180.9 -10.9 Gross Profit 250.9 104.7 49.8 GP % 7.1% 6.0% 4.3%
Slide 38: Historical Balance Sheet
Historical Balance Sheet ASSETS (Rs. Crs.) 31-Mar-25 31-Mar-24 31-Mar-23 EQUITY AND LIABILITIES (Rs. Crs.) 31-Mar-25 31-Mar-24 31-Mar-23 ASSETS Equity Non ‐ Current Assets (a) Equity share capital 146.7 13.2 10.7 Property, plant and equipment 36.4 24.7 6.2 (b) Other equity 537.1 230.9 87.4 Capital w
Slide 39: Historical Cash Flow Statement
Historical Cash Flow Statement Cash Flow Statement (Rs. Crs.) Mar-25 Mar-24 Mar-23 Cash Flow from Operating Activities Profit before Tax 174.2 54.1 25.0 Adjustment for Non-Operating Items 23.6 23.1 10.9 Operating Profit before Working Capital Changes 197.8 77.2 36.0 Changes in Working Capital -434.6
Slide 40: Key Financial Highlights
Key Financial Highlights Revenue from Operations EBITDA Net Profit 5 Year CAGR : 45.3% 5 Year CAGR : 107.7% 5 Year CAGR : 129.2% 3,548 196 133 1,745 77 1,154 41 796 786 37 17 19 20 11 5 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 39
Slide 41: Performance Highlights
Performance Highlights Current Ratio Return Ratios 31% 32% 30%* 1.6 1.7 1.5 27% ROCE 1.3 22% 21% 19% ROE 17% FY22 FY23 FY24 FY25 Improving Leverage Ratios 4.9 3.7 3.6 FY22 FY23 FY24 FY25 3.3 1.5 1.3 1.2 0.9 Higher Return Ratios as a result of better managed Operational & Disciplined Capital Allocati
Slide 42: Thank You
Corporate Office: Office No.11, 1st Floor, 307/309, Rajesh Rayon Bhawan, Kalbadevi Road, Mumbai – 400 002. skygoldltdmumbai@gmail.com I-Com: 2100 | T: +91 22 2241 3636/ 2241 6363 | E: skygoldltdmumbai@gmail.com Factory: Plot No. D-222/2 TTC Industrial Area, MIDC Shiravane, Navi Mumbai – 400 706. T:
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