Mumbai: Shanti Gold International Limited (BSE: 544459, NSE: SHANTIGOLD), one of India’s leading gold jewellery manufacturers, reported a stellar financial performance for the quarter and half year ended 30th September 2025, driven by strong B2B demand and favorable gold price trends.
For Q2 FY26, the company recorded revenue from operations of ₹430.08 crore, marking a 61.64% year-on-year growth. EBITDA surged 228.46% YoY to ₹63.27 crore, while profit after tax (PAT) jumped 375.49% YoY to ₹43.82 crore. The EBITDA margin for the quarter stood at 14.71%, and PAT margin reached 10.19%, reflecting significant operational leverage and improved product mix.
On a sequential basis, revenue grew 46.90% QoQ, EBITDA rose 59.84%, and PAT increased 77.82%, underscoring sustained momentum across domestic and international B2B segments.
Half-Year Performance (H1 FY26)
- Revenue from operations stood at ₹722.85 crore, up 42.88% YoY from ₹505.90 crore in H1 FY25.
- EBITDA reached ₹102.86 crore, a 184.50% YoY increase.
- PAT rose to ₹68.46 crore, up 275.99% YoY.
- EBITDA margin for H1 FY26 stood at 14.23%, while PAT margin was 9.47%.
The company attributed its strong performance to resilient demand across festive and bridal collections, successful participation in key jewellery exhibitions, and the launch of trend-aligned designs that boosted order inflows.
Commenting on the results, Pankajkumar Jagawat, Chairman & Managing Director, stated, “We are pleased to report one of our strongest quarters, with revenues growing by 62% year-on-year, reflecting healthy demand momentum across both domestic and international B2B clients. This robust performance underscores the continued success of our design-led approach, supported by favorable gold price trends and a resilient consumption environment.”
He added, “As we enter the second half of the year, we remain optimistic about sustaining the growth momentum, supported by the ongoing festive and wedding season and continued expansion of our customer base. Our focus remains on driving design innovation, operational efficiency, and deepening relationships with our B2B partners to deliver consistent and profitable growth.”
