Golden Momentum: Shanti Gold International Posts 60% YoY Revenue Surge In Q2

Shanti Gold International Ltd has reported a robust 60% year-on-year revenue growth for the second quarter of FY26, signaling strong demand recovery and operational efficiency across its core segments. The company’s performance reflects strategic inventory management, rising exports, and favorable market conditions in the gems and jewellery sector.

Performance Snapshot  
- Total income for Q2 FY26 stood at Rs 293.93 crore, up from Rs 241.59 crore in Q2 FY25  
- Net sales turnover rose to Rs 292.77 crore, driven by higher volumes and improved pricing across gold and diamond categories  
- Operating profit surged to Rs 38.43 crore, marking a 154% increase from Rs 15.13 crore in the same quarter last year  
- Profit after tax (PAT) jumped 173.99% YoY to Rs 24.64 crore, reflecting margin expansion and cost discipline  
- EBITDA climbed to Rs 39.59 crore, supported by reduced raw material costs and optimized stock adjustments  
- The company maintained a stable equity capital base of Rs 54 crore, with no extraordinary or prior-year adjustments reported  
- Interest expenses rose marginally to Rs 5.25 crore, while tax outgo increased to Rs 8.27 crore, in line with higher earnings  
- The company’s EBIT margin improved significantly, indicating strong operational leverage

Strategic Drivers  
- Shanti Gold’s export orders from the Middle East and Southeast Asia contributed to topline growth  
- Domestic demand remained resilient, especially in Tier-2 cities, ahead of the festive and wedding season  
- The company’s focus on lightweight jewellery and customized designs helped capture new customer segments  
- Investments in digital cataloging and B2B platforms enhanced order visibility and reduced turnaround times

Market Outlook  
- India’s gems and jewellery sector is expected to grow at 10–12% CAGR, supported by rising disposable incomes and export incentives  
- Shanti Gold’s performance positions it well for Q3, traditionally the strongest quarter due to Diwali and wedding-related purchases  
- Analysts expect continued margin strength if raw material prices remain stable and export momentum sustains  
- The company may explore new product lines and geographic expansion to build on its Q2 success

Sources: Economic Times, Livemint, Trendlyne