Sky Gold & Diamonds reports 56% revenue surge

Sky Gold & Diamonds reported Q1 FY26 revenues of INR 1131.2 crores, up 56.5% year-over-year, while profit after tax surged 105.3% to INR 43.6 crores. EBITDA rose 91.5% to INR 71.4 crores.

The company is expanding into 18 carat diamond and lightweight jewellery and plans to open a Dubai sales office to strengthen Middle East exports. India Ratings assigned the company's bank loans an 'IND A-/Stable' rating.