Shanti Gold International Reports Strong Q4 FY26 and FY26 Results, Driven by Volume Growth

Shanti Gold International Reports Strong Q4 FY26 and FY26 Results, Driven by Volume Growth​

Shanti Gold International Limited, a leading gold jewelry manufacturer in India, announced its audited financial results for the quarter and full year ended March 31, 2026. The company reported strong performance in Q4 FY26, with revenue from operations surging 121.65% year-on-year.

The financial results highlight robust growth across key metrics, supported by increased volumes and improved profitability.

Financial Highlights (In Rs. Cr)​

Quarter Ended March 31, 2026​

For the quarter ended March 31, 2026, the company reported significant growth metrics. Revenue from operations stood at Rs. 658.93 crore, marking a 121.65% growth compared to Rs. 297.29 crore in Q4 FY25. This strong performance was attributed to the onboarding of new customers, increases in volumes, and elevated gold prices during the quarter. Volume growth for the quarter reached 25% year-on-year.

EBITDA for Q4 FY26 grew by 217.26%, reaching Rs. 67.01 crore, up from Rs. 21.12 crore in Q4 FY25. This improvement in operational metrics was supported by a better product mix and higher contribution from bridal jewelry. The EBITDA margin for the quarter was recorded at 10.17%. Profit after Tax (PAT) for Q4 FY26 was Rs. 51.93 crore, reflecting a remarkable year-on-year growth of 465.30%.

Full Year Ended March 31, 2026​

Over the full financial year ended March 31, 2026, Shanti Gold International recorded a revenue from operations of Rs. 2,018.71 crore. This represents an 82.46% year-on-year growth compared to Rs. 1,106.41 crore in FY25.

EBITDA for the full year was Rs. 199.00 crore, showing a growth of 121.31% over the Rs. 89.92 crore reported in FY25. The EBITDA Margin for FY26 stood at 9.86%. Furthermore, Profit After Tax (PAT) for FY26 was Rs. 140.15 crore, compared to Rs. 54.10 crore in FY25.

Management Commentary​

Commenting on the results, Mr. Pankajkumar Jagawat, Chairman and Managing Director, Shanti Gold International Ltd., stated that FY26 marked a strong year for the Company, driven by healthy volume and robust revenue growth despite elevated gold prices. He noted that the continued shift toward organized jewelry retail and the rising preference for design-led and quality-assured products continue to create meaningful opportunities for manufacturing partners like the company.

He added that the company delivered its strongest quarterly performance in Q4 FY26, which was supported by strong wedding season demand, improved customer traction, and favourable gold price realisations. During the year, the company strengthened its client base by onboarding new customers across northern and western India and deepening relationships with existing organized retail partners.

Mr. Jagawat also mentioned that the company expanded its manufacturing capacity and ventured into new product lines, including Turkish jewelry and Mangalsutra. He expressed confidence that these new categories will generate meaningful contribution to volumes and revenues moving forward.

SHANTIGOLD Stock Price Movement​

Shares of Shanti Gold International Limited are edging higher to ₹230.93 as of 12:17 PM today, rallying by 1.53% on the day. The stock has seen significant movement, with 3.14 million shares traded during the live session.