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Earnings Call Transcript

Shanti Gold International Earnings Call Transcript: Key Takeaways

Aggressive revenue expansion driven by volume-led growth and new facility commissioning, though margins were temporarily inflated by one-time inventory valuation gains.

Why this was an Alfa AlertManagement guides 60% Revenue growth for FY27 (explicit single-year guidance).
Guidance and delivery
Management target Revenue 60.0% FY27
Highlights
Revenue growth144% YoY growth to ₹716Cr driven by massive volume surge.
Margins9.97% reported; sustainable margin expected lower at 7.5-8%.
Demand visibilityStrong; beneficiaries of the unorganized to organized shift in jewelry.
Management confidenceExtremely bullish; management confident in scaling to ₹3500Cr revenue.

Growth

Revenue grew 144% YoY to ₹716.38 Cr, primarily driven by 61% volume growth and strategic design expansion.

Outlook

Management guides for 50-60% revenue value growth and 30-40% volume growth for FY27.

Risks

EBITDA margins will compress as ₹15-20 Cr one-time inventory gains from FIFO-to-WACC transition normalize.

Last quarter's promises, checked

Delivered

  • Guided Marol facility start in ~1 month → delivered Marol facility operational (= BEAT)
  • Guided 15% volume growth → delivered 61% volume growth (= BEAT)
  • Guided 4% sustainable PAT margin → delivered 7.88% reported PAT (= BEAT)

Partly delivered

  • Guided Dubai office June '26 → delivered awaiting RBI approval (= PARTIAL)

Missed

  • Guided Jaipur plant start Sept/Oct 2026 → delivered mid-Nov 2026 expected (= MISS)
Source

Earnings Call Transcript filed with BSE, NSE: SHANTIGOLD. Summary written with AI assistance from the document.

Read the document ↗

Shanti Gold International Ltd: key numbers

Share price
₹325.68
Market cap
₹2,499 Cr
Revenue (annual)
₹2,019 Cr
Net profit (annual)
₹140.2 Cr
P/E (TTM)
13.4×Sector 55.7×
Promoter holding
70.35%-4.54% QoQ
FII holding
4.63%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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