BSECompany Update1d ago · 3 Nov 2026, 09:20 pm
Press Release for Unaudited Standalone and Consolidated Financial Results for the quarter ended September 30, 2026
Shanti Gold International Ltd · 544459
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Shanti Gold International Ltd has reported robust Q2 & H1 FY27 performance with revenue more than doubling in H1, EBITDA growing 29% and PAT rising 33%. The company has also raised funds via a right issue.
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Shanti Gold International Ltd - 544459 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
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Date: November 03, 2026
To, To,
Listing/Compliance Department Listing/Compliance Department
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot No. C/1,
Dalal Street, G-Block, Bandra-Kurla Complex,
Mumbai - 400001 Bandra (E), Mumbai - 400051
BSE Scrip Code: 544459 NSE Symbol: SHANTIGOLD
Dear Sir / Madam,
Subject: Submission of Press Release in respect of Unaudited Financial Results for the
quarter and half-year ended September 30, 2026
Further to the approval of Unaudited Financial Results for the quarter and half-year ended
September 30, 2026 by the Board of Directors of the Company at its meeting held on November
03, 2026 and submission of the same to the Stock Exchanges, we submit herewith Press Release in
respect of Financial Results.
This intimation is also being uploaded on the Company’s website at www.shantigold.in.
We request you to take the same on record.
Thanking you,
For Shanti Gold International Limited
Vrushti Shah
Company Secretary & Compliance Officer
Encl: As above
Press Release
Shanti Gold International reports robust Q2 & H1 FY27 performance; Revenue
more than doubles in H1, EBITDA grows 29% and PAT rises 33%
H1 FY27 Revenue from Operations stood at Rs. 1,462.3 crore, growth of 102.3% YoY
H1 FY27 EBITDA stood at Rs. 114.0 crore, growth of 29.2% YoY
H1 FY27 Profit after Tax stood at Rs. 80.0 crore, up 32.5% YoY
Mumbai, November 03rd, 2026: Shanti Gold International Limited (BSE: 544459, NSE: SHANTIGOLD),
one of India’s leading gold jewelry manufacturers, announced its financial results for the quarter and
half year ended September 30, 2026.
Financial Highlights:
Particular (In Rs. Cr) Q2 FY27 Q2 FY26 YoY% Q1 FY27 H1 FY27 H1 FY26 YoY%
Revenue from
745.95 430.08 73.45% 716.38 1,462.33 722.85 102.30%
Operations
EBITDA (Excl OI) 42.52 36.79 15.56% 71.45 113.97 88.20 29.22%
EBITDA Margin % 5.70% 8.55% 9.97% 7.79% 12.20%
PAT 29.56 26.04 13.50% 50.48 80.04 60.40 32.52%
PAT Margin % 3.96% 6.06% 7.05% 5.47% 8.36%
For the quarter ended September 30, 2026
• Revenue from operations for Q2 FY27 stood at Rs. 746.0 crore, as against Rs. 430.1 crore in
Q2 FY26, reflecting a growth of 73.4% on a year-on-year basis. The growth was driven by
healthy demand momentum across domestic and international clients, supported by strong
volume growth. Gold volumes grew by approximately 25.4% year-on-year.
• EBITDA for the quarter grew by 15.6%, reaching Rs. 42.5 crore in Q2 FY27, compared to Rs.
36.8 crore in Q2 FY26. This was primarily driven by strong volume growth and scale benefits.
• EBITDA margin for the quarter stood at 5.7%, compared to 8.6% in Q2 FY26.
• PAT for Q2 FY27 stood at Rs. 29.6 crore, as against Rs. 26.0 crore in Q2 FY26, registering a year-
on-year growth of 13.5%.
For the half year ended September 30, 2026
• Revenue from operations for H1 FY27 stood at Rs. 1,462.3 crore, as compared to Rs. 722.9
crore in H1 FY26, registering a growth of 102.3% year-on-year. Performance was supported by
healthy demand across domestic and international markets and sustained volume growth.
Gold volumes grew by approximately 41.0% year-on-year during the half year.
• EBITDA for the first half stood at Rs. 114.0 crore, as against Rs. 88.2 crore in H1 FY26, reflecting
a growth of 29.2%.
• EBITDA margin for H1 FY27 stood at 7.8%, compared to 12.2% in H1 FY26.
• PAT for H1 FY27 stood at Rs. 80.0 crore, compared to Rs. 60.4 crore in H1 FY26, registering a
year-on-year growth of 32.5%.
Operational Highlights
• During the quarter, the company raised fund via right issue comprising 46,43,471 equity shares
of face value Rs. 10 each, at an issue price of Rs. 215 per share, aggregating Rs. 99.83 crore.
Commenting on this Mr. Pankajkumar Jagawat, Chairman & Managing Director, Shanti Gold
International Ltd. said,
“H1 FY27 has been a strong period for Shanti Gold International, with robust volume growth and a
significant improvement in financial performance, despite volatility in gold prices. Our volumes grew
41.0% year-on-year to 1,058 kg, reflecting sustained demand for our differentiated designs and the
strength of our relationships with retail partners. Growth was broad-based across domestic and
international markets, with export revenue more than doubling during the reported period. This
performance demonstrates the resilience of our business model and our ability to sustain growth
momentum amid a dynamic market environment. Looking ahead, we remain confident about our
growth prospects.
Our Marol facility, which commenced commercial production in June 2026, further strengthening our
ability to cater to growing demand. Our newer product categories, including Turkish jewellery,
Mangalsutras and Cuban bracelets, have received encouraging market response, enabling us to further
diversify our portfolio across wedding and contemporary jewellery segments.
We remain focused on capitalising on the demand opportunity in the jewellery market, strengthening
our customer relationships and enhancing our operational capabilities. With our continued focus on
execution and growth, we are confident of building on the momentum achieved during the first half
and creating sustainable long-term value for our shareholders”
About Shanti Gold International Ltd:
Founded in 2003 by Mr. Pankaj Kumar Jagawat and Mr. Manoj Kumar Jain, Shanti Gold International
Limited has emerged as one of India’s most trusted jewellery manufacturers. Headquartered in
Mumbai, with offices across key markets of India, the company has built a strong presence in both
North and South India.
Shanti Gold’s modern manufacturing facility in Mumbai spans over 13,449 sq. ft. in MIDC & 14,590 sq.
ft. in Marol and integrates traditional craftsmanship with advanced technology to deliver elegant,
precise, and contemporary designs. Guided by the ethos of “creating timeless beauty through expert
craftsmanship”, Shanti Gold continues to partner with leading retailers across India.
For more details, please visit: https://shantigold.in/
For any Investor Relations query, please contact:
Ms. Vrushti Shah Mr. Smit Shah / Mr. Mayuri Karkera
Adfactors PR Pvt. Ltd.
Shanti Gold International Limited
Email – smit.shah@adfactorspr.com /
Email – cs@shantigold.in mayuri.karkera@adfactorspr.com
Mobile - +91 9870789596 / +91 8655101410
Caution Concerning Forward- Looking Statements:
This document includes certain forward-looking statements. These statements are based on management's current expectations or beliefs and are subject to
uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in
economic, business, competitive, technological and/or regulatory factors. The Company is under no obligation to, and expressly disclaims any such obligation to,
update or alter its forward-looking statements, whether as a result of new information, future events, or otherwise.