Shanti Gold International Posts Strong Q1 FY27 Results Driven by Volume Growth and Capacity Expansion

Shanti Gold International Posts Strong Q1 FY27 Results Driven by Volume Growth and Capacity Expansion​

Shanti Gold International Limited, a prominent gold jewelry manufacturer in India, announced its unaudited financial results for the quarter ended June 30, 2026. The company reported significant growth across key metrics, driven by expanded volume and operational progress, including the commissioning of a new manufacturing facility and approval of a Rights Issue.

The Q1 FY27 results reflected robust performance. Revenue from Operations stood at Rs 716.4 crore, marking a substantial increase of 144.7% year-on-year (YoY). Profit after Tax (PAT) for the quarter was Rs 50.5 crore, which is a rise of 46.9% compared to Q1 FY26. EBITDA reached Rs 71.5 crore, achieving a growth rate of 39.0% YoY.

Financial Highlights Overview​

The company's performance across the reporting periods is detailed below:

Operational and Strategic Updates​

The strong financial outcomes are attributed to healthy volume expansion, continued customer focus, the rollout of new designs, and outreach into new customers and markets. Volume growth for the quarter stood at 61.6% YoY. EBITDA growth was primarily driven by this strong volume surge, supported by improved operating income and profitability.

Operationally, Shanti Gold International completed a capacity expansion project, commencing production at its new Marol, Andheri manufacturing facility. This expansion adds approximately 4,000 kgs per annum to the company's manufacturing capacity. The facility is now fully operational and equipped with state-of-the-art machinery and modern infrastructure, bolstering the company’s ability to service existing customers and pursue strategic partnerships across organized jewelry retail in India and international markets.

The board also approved a Rights Issue of 46,43,471 fully paid-up Equity Shares, aggregating up to Rs 99.83 crore, which aims to support the company's growth initiatives.

Management Commentary​

Pankajkumar Jagawat, Chairman and Managing Director of Shanti Gold International Ltd., commented on the results, stating that FY27 has begun strongly with healthy revenue and profitability. He noted that the strong volume delivered during the quarter was supported by focusing on expanding the customer base and increasing wallet share among existing clients.

Jagawat highlighted the completion of the manufacturing facility in Marol, Andheri, Mumbai. With the incremental capacity of approximately 4,000 kg per annum, the company significantly strengthens its capabilities for serving customers and pursuing new opportunities in organized jewelry retail both domestically and internationally. Furthermore, he mentioned that the Board's approval of a Rights Issue up to Rs 99.83 crore is an important step towards strengthening financial flexibility, which will support growth initiatives.

Founded in 2003 by Pankaj Kumar Jagawat and Manoj Kumar Jain, Shanti Gold International Limited operates from its modern facilities spanning over 13,448 sq ft in Andheri and 14,590 sq ft in Marol, integrating traditional craftsmanship with advanced technology.

SHANTIGOLD Stock Price Movement​

Today, shares of Shanti Gold International Limited edged up to settle at ₹230.90, improving by 0.30% in post-market trading. The stock saw solid investor interest as it concluded the session with a traded volume exceeding 2.4 million shares.