ALFA Finder| Management target | Revenue 60.0% FY27 |
|---|
| Revenue growth | 144% YoY growth to ₹716Cr driven by massive volume surge. |
|---|---|
| Margins | 9.97% reported; sustainable margin expected lower at 7.5-8%. |
| Demand visibility | Strong; beneficiaries of the unorganized to organized shift in jewelry. |
| Management confidence | Extremely 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)
Earnings Call Transcript filed with BSE, NSE: SHANTIGOLD. Summary written with AI assistance from the document.
Shanti Gold International Ltd: key numbers
- Share price
- ₹273.10
- Market cap
- ₹2,096 Cr
- Revenue (annual)
- ₹2,019 Cr
- Net profit (annual)
- ₹140.2 Cr
- P/E (TTM)
- 12.2×Sector 48.2×
- Promoter holding
- 70.35%-4.54% QoQ
- FII holding
- 2.22%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Shanti Gold International Ltd
All →Shanti Gold International Earnings Call Transcript: Key Takeaways
Q2 revenue rose 73.5% YoY to ₹746 Cr, but Q2 PAT growth slowed to 13.5%. H1 EBITDA margin compressed to about 7.8%, which management calls transitional.
- Call
- Guides 60% growth
Shanti Gold International Investor Presentation: Key Takeaways
Q2 FY27 revenue ₹746.0 Cr (+73.4% YoY) and PAT ₹29.6 Cr (+13.5%), with EBITDA margin compressed to 5.7%. H1 FY27 revenue ₹1,462.3 Cr (+102.3%). Marol capacity commissioned; Jaipur under construction.
Shanti Gold International Results Update
Shanti Gold reported H1 FY27 revenue of Rs. 1,462.3 crore and PAT of Rs. 80.0 crore. Revenue doubled, but Q2 EBITDA margin compressed to 5.7%.
Shanti Gold International Other Announcement
Shanti Gold International filed its IPO monitoring agency report for the quarter ended September 2026, citing no deviation from objects. The report flags that utilisation of proceeds is delayed.
Shanti Gold International Q2 FY27 Results: Net Profit ₹29.6 Cr, Up 13.8% YoY
Shanti Gold International Ltd reported revenue from operations of ₹746 Cr (+73.4% YoY) and net profit of ₹29.6 Cr (+13.8% YoY) for Q2 FY27.
- Key figure
- Net profit ₹29.6 Cr · +13.8% YoY
Shanti Gold International Board Meeting Date
Shanti Gold will hold a board meeting on November 3, 2026 to consider unaudited results. The trading window remains closed until 48 hours after results.