Mumbai-based Sky Gold and Diamonds reported its financial results for the first quarter of fiscal year 2027, posting a sharp increase in both revenue and profitability.

Net profit for the April–June 2026 quarter more than doubled compared to the same period a year earlier, while total revenue surged 78% year-on-year. The company also reported that its operating cash flow turned positive during the quarter, an indicator of improved near-term liquidity and working capital collection.

Sky Gold and Diamonds operates as a business-to-business (B2B) jewellery manufacturer, designing and producing jewellery pieces for retailers and brands. Because B2B manufacturers supply large retail chains and branded jewellers, their order books often reflect downstream consumer demand trends. The company indicated that it experienced growing traction in two key areas during the quarter: export markets and its portfolio of lightweight, value-added jewellery products.

India's jewellery manufacturing sector is one of the largest in the world, supported by domestic demand tied to weddings and festivals, as well as a substantial export market. India is also a major global centre for cut and polished diamonds, and the gems and jewellery segment is a meaningful contributor to the country's merchandise exports. Lightweight jewellery has emerged as a growing segment within the industry, appealing to consumers seeking affordable, design-driven pieces, particularly younger buyers gravitating toward everyday-wear styles rather than heavy traditional ornaments. Government measures such as mandatory gold hallmarking and trade agreements with key markets like the UAE have incrementally supported the organised manufacturing and export ecosystem.

The company's shares are listed and traded on Indian stock exchanges under the symbol SG08.

Source: CNBC-TV18 Markets