• Q1 Financial Performance: In the first quarter, revenue grew 78%, EBITDA increased 2.5 times, margins expanded to 7.8%, turnover surpassed ₹2,000 crore, and profit crossed ₹100 crore for the first time alongside ₹30 crore in cash flow.
• Seasonal Demand Outlook: Demand remains strong following a 20% decline in gold prices since January, with management expecting even stronger growth in Q2 and Q3 due to Navratri, Diwali, and wedding season orders.
• FY27 Revenue Guidance: The company plans to evaluate performance and potentially revise its FY27 revenue target of over ₹8,100 crore around Diwali, supported by record exhibition demand across 9-karat, 18-karat, 22-karat, natural diamond, and lab-grown segments.
• Lightweight Jewellery Strategy: Around 80% of company offerings are priced below ₹1 lakh and 20% below ₹2 lakh, positioning Sky Gold to capture market share as demand shifts from heavy jewellery and unorganized players toward organized retail chains.