BSECompany Update6d ago · 13 Aug 2026, 07:23 pm
Please see the attached Transcript of the Earning Call held on 10th August 2026 on the unaudited standalone and consolidated financial results for the quarter ended 30th June 2026.
Sky Gold And Diamonds Ltd · 541967
✦ AI Summary▲ PositiveResults
Sky Gold And Diamonds Ltd has announced its Q1 FY27 earnings results, with a revenue target of INR8,100 crores, a significant increase from the previous outlook. The company has also welcomed a new CEO, Mr. Akash Talesara, with over 2 decades of experience in the gems and jewelry industry.
Analysis Scores
Earnings Impact8/10
Growth Catalyst9/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment9/10
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Sky Gold And Diamonds Ltd - 541967 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
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Date: 13th August 2026
To, To,
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot No. C/1,
25th Floor, Dalal Street, Fort, G Block, Bandra-Kurla Complex,
Mumbai 400001 Bandra (East), Mumbai 400051
Scrip Code: 541967 Trading Symbol: SKYGOLD
Subject: Transcript of the earnings conference call.
Dear Sir/Madam,
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, copy of the transcript of the earnings conference
call held on Monday, 10th August 2026 on the unaudited standalone and consolidated
financial results and operations of the Company for the quarter ended 30th June 2026,
is enclosed.
The said transcript is also available on the Company’s website at
https://skygold.co.in/wp-content/uploads/2026/08/Concall-Transcript_Sky-
Gold_10.08.2026.pdf
You are requested to take the above information on record.
Thanking you.
For Sky Gold and Diamonds Limited,
(Formerly known as Sky Gold Limited)
Mangesh Chauhan
Managing Director
DIN: 02138048
Place: Navi Mumbai
Encl: As above
“Sky Gold & Diamonds Limited
Q1 FY27 Earnings Conference Call”
August 10, 2026
MANAGEMENT: MR. MANGESH CHAUHAN – MANAGING DIRECTOR –
SKY GOLD & DIAMONDS LIMITED
MR. SIDDHARTH SIPANI – CHIEF FINANCIAL OFFICER
– SKY GOLD & DIAMONDS LIMITED
MODERATOR: MS. VIDHI VASA – MUFG INTIME
Page 1 of 17
Sky Gold & Diamonds Limited
August 10, 2026
Moderator: Ladies and gentlemen, good day, and welcome to Sky Gold & Diamonds Limited Q1 FY27
Earnings Conference Call. As a reminder, all participant lines will be in the listen only mode
and there will be an opportunity for you to ask questions after the presentation concludes. Should
you need assistance during this conference call, please signal an operator by pressing star then
zero on your touchtone phone. Please note that this conference is being recorded.
I now hand the conference over to Ms. Vidhi Vasa from MUFG Intime. Thank you, and over to
you, ma'am.
Vidhi Vasa: Thank you, Sumit. On behalf of MUFG Intime, I welcome you all to Sky Gold & Diamonds
Limited Q1 FY27 Earnings Conference Call. From the management side, we have
Mr. Mangesh Chauhan, Managing Director; and Mr. Siddharth Sipani, Chief Financial Officer.
I hope everyone had an opportunity to go through our investor deck that we have uploaded on
exchange and the company's website.
I would like to mention a short disclaimer before we begin the call. This call may contain some
of the forward-looking statements, which are completely based upon our belief, opinion and
expectations as of today. These statements are not a guarantee of our future performance and
involve unforeseen risks and uncertainties.
With this, now I hand over the call to Mr. Mangesh Chauhan. Over to you, sir.
Mangesh Chauhan: Thank you so much. Good afternoon, everyone. On behalf of Sky Gold & Diamonds Limited, I
extend a warm welcome to all the participants to the Q1 FY27 financial results earnings call.
Along with me is Siddharth Sipani, our CFO. We have uploaded our investor deck and earnings
press release on the stock exchanges and the company website.
I hope everybody had an opportunity to go through them. Before I begin, I am delighted to share
an important development in our leadership journey. We are pleased to welcome
Mr. Akash Talesara as the CEO of Sky Gold & Diamonds Limited. Mr. Akash brings over 2
decades of rich experience across the gems and jewelry industry with deep expertise spanning
jewelry sales, merchandising, business development and market expansion.
Over the course of his career, he has successfully led growth initiatives, strengthened market
presence and built high-performing teams across both domestic and international markets. At
Sky Gold, we have always believed that credibility is built not through promises, but through
consistent delivery.
Over the last several years, we have established a track record of setting clear goals and
executing against them and returning to our stakeholders with results and results that validate
our commitments. When we first outlined our growth road map, it reflected our confidence in
the long-term potential of the business and the opportunities we saw ahead.
Over the subsequent quarters, our team has consistently delivered on key milestones, reinforcing
our confidence in both our strategy and execution capabilities. One of the strongest validation
Page 2 of 17
Sky Gold & Diamonds Limited
August 10, 2026
of our execution capabilities has been our ability to consistently increase our long-term targets
while remaining on course to achieve them.
Our current FY27 revenue target of INR8,100 crores is meaningfully higher than the outlook we
had communicated 9 months ago. This upward revision reflects the expansion of our capabilities,
deeper customer relationships and the significant opportunities we continue to see across the
market.
Our business today stands at the intersection of 3 powerful capabilities: lightweight jewelry
manufacturing, advanced production technology, merchandising excellence. Over the last few
years, we have made substantial investment in building differentiated capabilities across 3D
printing, laser cutting, stamping and lightweight casted jewelry manufacturing.
At the same time, we have significantly strengthened our design and merchandising
infrastructure by doubling the size of our team and establishing dedicated product development
and diamond design studios.
More importantly, we increasingly see ourselves as a design-led company rather than just a B2B
jewelry manufacturer. Our focus extends beyond manufacturing excellence to create compelling,
market-relevant jewelry concepts that help our retail partners differentiate themselves in an
increasingly competitive environment.
By combining advanced manufacturing capabilities with strong design, merchandising and
product development expertise, we are able to deliver innovative collections that drive faster
sell- through, improve inventory productivity and create value for both our customers and end
consumers.
This evolution has fundamentally transformed the way we engage our customers. Unlike
traditional manufacturing partners who primarily offer standard catalogs, Sky Gold increasingly
works alongside retailers as a product development partner. We study their product mix,
understand their competitive environment, analyze consumer preference, create themes, develop
prototypes and collaborate closely until products finally finalized for launch.
Ultimately, our success is measured not simply by the number of design, we showcase, but by
the number of designs selected by our customers and more importantly, how quickly those
products sell through to consumers. This collaborative model has generated significant benefits
for our retail partners. It has helped reduce unsold inventory, improve inventory productivity
and strengthen consumer confidence, leading to increase our share of high value-added business.
Also, what makes me proud of our team is not merely about ability to achieve revenue targets,
but the quality of the growth we have delivered. You will recall that our last few quarters, we
have consistently emphasized our focus on building a stronger and more efficient business rather
than pursuing growth at any cost. I am pleased to share that we have achieved 17% sales on the
Advance Gold model, significantly ahead of our expectation of 15% of the Advance Gold model
for FY27.
Page 3 of 17
Sky Gold & Diamonds Limited
August 10, 2026
In addition, majority of our new orders are being booked today carry a considerably shorter
receivable cycle, reflecting improving our quality of our customer mix and order book. As a
result, we are closing this quarter at approximately 60 days of our net working capital cycle. At
that time, many questioned whether reducing working capital below 60 days was achievable.
Today, we are demonstrating that it is not only achievable, but also sustainable through
disciplined
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