The Mumbai-based B2B jewellery manufacturer on August 09 said the growth was supported by demand from organised jewellery retailers, continued traction in lightweight and value-added jewellery, and execution across its manufacturing platform.
The company also said its operations turned cash-flow positive during the quarter, helped by its asset-light manufacturing model, a growing contribution from its advance-gold business and shorter export receivable cycles.
Lightweight jewellery, exports in focus
Sky Gold said it continues to focus on lightweight, versatile and value-added jewellery, alongside lower-carat and diamond-studded products. It is also looking to expand further into lightweight and fine jewellery, with the company saying the strategy should strengthen its product mix.
Managing Director Mangesh Chauhan said the company sees the jewellery industry moving towards organised players and design-led consumption.
“We continue to see healthy demand for lightweight, versatile and value-added jewellery,” Chauhan said, adding that the company’s early focus on ultra-lightweight products has helped it respond to changing consumer preferences.
Exports are also emerging as a larger part of Sky Gold’s growth strategy. The company showcased its products at the Asiana UK-India Jewellery Expo in London, where it said it received strong buyer interest from the UK and Europe and built an order book worth ₹30-45 crore.Chauhan said India has an opportunity to emerge as a global hub for design-led jewellery manufacturing, with manufacturing capabilities, craftsmanship and improved market access through free trade agreements supporting the opportunity.
Sky Gold is targeting revenue of ₹8,100 crore or more in FY27, with management saying it remains focused on balancing revenue growth, profitability and cash-flow generation.
