Shanti Gold International Ltd Share Price – NSE  / BSE

Diamond, Gems and Jewellery, Small Cap

For Q4 FY26, the company reported volume growth of 25% YoY despite volatility in gold prices, reflecting resilient demand and strong client relationships. Revenue surged over 120% YoY during the quarter, supported by both higher volumes and favourable gold price trends. The company said this marked its strongest quarterly performance to date, aided by wedding season demand.

On a full-year basis, gold volumes rose 15% YoY in FY26, while revenues increased by more than 80% YoY, driven by steady demand from existing clients as well as new customer additions.

Operationally, Shanti Gold expanded its client network during the year, particularly gaining traction in northern region while strengthening relationships across India. The company noted that organised jewellery retailers are increasingly shifting towards large-scale manufacturers to streamline sourcing, benefiting players with strong design capabilities and manufacturing scale.

The company also highlighted its design-led approach and continuous product innovation as key factors supporting client retention and growth.

Headquartered in Mumbai, Shanti Gold International has built a pan-India presence, catering to both northern and southern markets through its expanding retail network.

On a standalone basis, Shanti Gold International reported 127.97% rise in net profit to Rs 40.08 crore in Q3 FY26 from Rs 17.58 crore recorded in Q3 FY25. Revenue from operation for Q3 FY26 stood at Rs 636.93 crore, as against Rs 303.22 crore in Q3 FY25, reflecting a 110.06% growth on a year-on-year basis.

Net profit of Shanti Gold International rose 127.62% to Rs 40.13 crore in the quarter ended December 2025 as against Rs 17.63 crore during the previous quarter ended December 2024. Sales rose 110.06% to Rs 636.93 crore in the quarter ended December 2025 as against Rs 303.22 crore during the previous quarter ended December 2024.

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Revenue from operation for Q3 FY26 stood at Rs. 636.93 crore, as against Rs. 303.22 crore in Q3 FY25, reflecting a 110.06% growth on a year-on-year basis.

The growth in revenue was fuelled by robust festive and wedding demand, with October recording one of the highest monthly sales in the company?s history. Volume growth stood at 31% YoY and 25% QoQ, underscoring strong customer traction.

EBITDA for the quarter grew by 113.83%, reaching Rs. 60.18 crore in Q3 FY26 compared to Rs. 28.14 crore in Q3 FY25. EBITDA more than doubled YoY, led by favorable gold prices and a stronger product mix, reflecting our ability to capture market opportunities while staying disciplined.

EBITDA margin for Q3 FY26 was 9.45% in Q3 FY26 as against 9.28% in Q3 FY25.

Pankajkumar Jagawat, chairman & managing director, Shanti Gold International, said: The quarter marked a period of strong business momentum for the company, driven by sustained demand from organized jewellery retailers across markets.

The ongoing shift towards organized retail, coupled with higher consumer preference for design led and assured quality jewellery, continues to create meaningful opportunities for scalable manufacturing partners such as us.

During the quarter, we also announced an additional capacity expansion of approximately 4,000 kg. This expansion is aligned with our medium-term growth strategy and is aimed at strengthening our ability to service our customers better, manage demand more efficiently, and be the preferred supplier for organised retail partners. The added capacity positions us well to capitalise on growing outsourcing opportunities within the jewellery manufacturing ecosystem.?

Shanti Gold International is one of India?s most trusted jewellery manufacturers. The company?s modern manufacturing facility in Mumbai spans over 13,448 square feet and integrates traditional craftsmanship with advanced technology to deliver elegant, precise, and contemporary designs.

The scrip fell 1.86% to currently trade at Rs 216.90 on the BSE.

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Shanti Gold International will hold a meeting of the Board of Directors of the Company on 10 February 2026.

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