Sky Gold and Diamonds Limited (541967) Earnings Call Transcripts

Sky Gold and Diamonds Limited's Latest Earnings Call - Q4 FY2026

In Q4 FY '26, Sky Gold and Diamonds Limited reported a robust performance, with revenue reaching INR 7,650 crores, aligning closely with the FY '27 guidance of INR 8,100 crores. The company achieved a PAT margin of 4.5%, reflecting a significant improvement from previous years. Management has revised its long-term guidance, targeting a PAT of INR 945 crores by FY '30, while emphasizing a conservative approach to revenue forecasts due to gold price volatility. The strategic pivot towards lightweight and studded jewelry is expected to enhance profitability and market share, positioning the company favorably in a competitive landscape.

Reported metrics

Guidance from management

Management maintained a conservative approach to revenue guidance due to gold price volatility, focusing instead on achieving a PAT of INR 945 crores by FY '30. They emphasized a commitment to debt reduction and cash flow generation.

What management said

Yes. Perfect. Thank you, Mangesh bhai. Actually, we are assessing the gold rates and whichever gold rate is beneficial to us on our overall PAT level, we are going by that option at this point of time, considering the market -- the actual prices, the local market is at a cheaper rate versus when we buy from banks. And that is why as of March end, our GML outstanding is nil, but we have INR 170 crores of GML facility ...

I just take this thing first. We would like to just inform that in the last Q4 per se, we have done around 650 kgs per month, and that is in line with our guidance that we have provided. However, from a go-forward perspective, we are expecting a growth of 30% to 35% in terms of the top line. And since our major focus is on the advanced gold model of business, which has increased from 6% in FY '24 to around 12% in FY ...

What analysts pressed on

Analysts expressed concerns regarding potential impacts of government regulations on gold imports and consumer behavior shifts towards lower karated jewelry. There were questions about the sustainability of margins amid fluctuating gold prices and the company's ability to scale its advanced gold business effectively.

Main topics on the call

• Revenue and PAT Guidance — Sky Gold has set a revenue guidance of INR 8,100 crores for FY '27, with a long-term PAT target of INR 945 crores by FY '30. Management stated, "We would like to stick to our PAT guidance by FY '30, but we would like to ...
• Debt Reduction Strategy — Management announced a plan to reduce net debt by over 50% in FY '27, primarily through land sales and operational improvements. Mangesh Chauhan emphasized, "There would be a debt reduction of 50% plus in FY '27 itself."
• Improved Working Capital Efficiency — The company successfully reduced working capital days from 71 to 59, enhancing operational efficiency. Siddharth Sipani noted, "Our working capital cycle improved, dropping to 59 days from 71 days in March '25."
• Shift to Advanced Gold Model — Sky Gold is transitioning towards an advanced gold business model, which is expected to improve profit margins despite a potential deflationary effect on top-line revenue. Management stated that as advanced gold volumes ...

Read the full Sky Gold and Diamonds Limited transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 7 Sky Gold and Diamonds Limited earnings call transcripts on record, spanning August 12, 2024 to August 10, 2026. Based on this history, Sky Gold and Diamonds Limited reports semi-annually. The most recent call on file is dated August 10, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

541967

Exchange

BSE

Country

IN

Sector

Consumer Discretionary

Industry

Textiles, Apparel and Luxury Goods

Calls on record

7

First call

August 12, 2024

Most recent

August 10, 2026

Reporting cadence

semi-annually