Sky Gold and Diamonds Ltd

Sky Gold And Diamonds will hold a meeting of the Board of Directors of the Company on 18 April 2025.Powered by Capital Market - Live

The Board of Sky Gold & Diamonds will meet on 18 April 2025 to consider and approve a proposal for raising of funds. Powered by Capital Market - Live

Sky Gold & Diamonds has secured a substantial recurring export order of 200 KG per month from one of the most reputable name in the jewellery industry. Powered by Capital Market - Live

The deal includes advance payments, boosting working capital, and reflecting strong consumer trust. This achievement reflects its strategic focus by expanding our customer base and delivering value through consistent quality and timely delivery. This development will positively impact our operational performance and contribute meaningfully to shareholder value in the coming quarters. Sky Gold is engaged in the business of designing, manufacturing, and marketing gold jewellery. The company follows a B2B model where the products are mainly sold to mid-range jewellers and boutique stores that sell these products through online platforms and retail stores The company's consolidated net profit soared 309.2% to Rs 36.54 crore as compared with Rs 8.93 crore in Q3 FY24. Net sales jumped 116.7% YoY to Rs 997.97 crore in Q3 FY25.Powered by Capital Market - Live

The company is a leading Indian jewelry manufacturer specializing in lightweight gold and diamond-studded pieces, is actively implementing strategies to drive export growth. Recognizing the strong demand for high quality jewelry in the Middle East, particularly in Dubai (UAE), the company has identified the region as a key market. The company plans to open a B2B office in Dubai (UAE) to increase the export revenue. Through targeted market expansion and product diversification, the company is strengthening its international presence. The company along with its nominee will subscribe 100% share capital of the proposed WOS. The incorporation is expected to be completed within 2 to 3 months, subject to relevant approvals. Sky Gold is engaged in the business of designing, manufacturing, and marketing gold jewellery. The co. follows a B2B model where the products are mainly sold to mid-range jewellers and boutique stores who sell these products through online platforms and retail stores The company's consolidated net profit soared 309.2% to Rs 36.54 crore as compared with Rs 8.93 crore in Q3 FY24. Net sales jumped 116.7% YoY to Rs 997.97 crore in Q3 FY25. The counter added 2.96% to end at Rs 335.90 on Wednesday, 02 April 2025.Powered by Capital Market - Live

Net profit of Sky Gold rose 309.18% to Rs 36.54 crore in the quarter ended December 2024 as against Rs 8.93 crore during the previous quarter ended December 2023. Sales rose 116.74% to Rs 997.97 crore in the quarter ended December 2024 as against Rs 460.44 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales997.97460.44 117 OPM %5.743.92 - PBDT52.2313.76 280 PBT49.3611.96 313 NP36.548.93 309 Powered by Capital Market - Live

Sky Gold has incorporated a wholly owned subsidiary - Sitaare Gold and Diamonds on 22 January 2025. The new company will be engaged in the business of wholesaling and retailing of gold & silver jewellery and ornaments. Powered by Capital Market - Live

Sky Gold will hold a meeting of the Board of Directors of the Company on 3 February 2025.Powered by Capital Market - Live

Sky Gold has successfully onboarded Aditya Birla Jewellery, operating under the brand name Indriya. Commenting on the milestone and recent developments, Mangesh Chauhan, MD & CFO of Sky Gold said that, 2025 is shaping up to be a transformative year for Sky Gold Ltd., marked by our collaboration with Aditya Birla Jewellery under the prestigious Indriya brand. This partnership reaffirms our reputation for unmatched craftsmanship and innovation. With India's top jewellery retail chains set to open over 500 stores in the next three to five years, we are well-aligned with this growth trajectory, supporting our ambition of becoming a leading jewellery manufacturer. Our success lies in our deep understanding of both retail partners and end customers, enabling us to design products that resonate with evolving tastes and preferences. As we diversify into new segments like 18K gold and lab-grown diamonds, our focus remains steadfast on delivering exceptional quality and sustaining strong growth. Further, the company has diversified into new jewellery segments including 18K gold, natural diamond jewellery and lab-grown diamond jewellery. The company is actively expanding its distribution network in the Singapore market to further boost its export revenue. Powered by Capital Market - Live

Launched by the Aditya Birla Group in July 2024, Indriya stands as a luxury jewellery brand that blends traditional Indian craftsmanship with contemporary design. It aims to become one of the top jewellery retailers in India within the next five years. Sky Gold further informed that it has received multiple orders across the various categories of 18K gold, natural diamond jewellery and lab-grown diamond jewellery. This diversification complements its stronghold in the 22K lightweight jewellery segment, demonstrating the company's ability to adapt to evolving market trends and cater to a diverse clientele. In parallel, the company is actively expanding its distribution network in the Singapore market to further boost its export revenue. Mangesh Chauhan, MD & CFO of Sky Gold, said: '2025 is shaping up to be a transformative year for Sky Gold Ltd., marked by our collaboration with Aditya Birla Jewellery under the prestigious Indriya brand. This partnership reaffirms our reputation for unmatched craftsmanship and innovation. With India's top jewellery retail chains set to open over 500 stores in the next three to five years, we are well-aligned with this growth trajectory, supporting our ambition of becoming a leading jewellery manufacturer. Sky Gold is one of the leading jewellery companies based in Mumbai. The company has been engaged in the business of designing, manufacturing and marketing of gold jewellery. The company is specialised in light weight jewellery of 22 Carat gold. The company manufactures jewellery through casting. The company make plan gold jewellery, studded gold jewellery and turkish jewellery. Powered by Capital Market - Live