Thread by @Anvith_

Sky Gold 🪙 🧵– Business, Financials & Growth Strategy

🥇Business Overview

🔸 Core Focus: Designing, manufacturing, and marketing lightweight 18K & 22K gold jewelry
🔸 B2B Model: Supplies Malabar Gold, Joyalukkas, Kalyan Jewellers & other major brands
🔸 Market Presence: 2,000+ showrooms in India, 500+ globally
🔸 Manufacturing Facility: 81,000 sq. ft. Navi Mumbai plant with 9-tonne annual processing capacity
📊Data Credit: Sovrenn

#SkyGold 1/10

2/10

💰 Financial Performance

📌 Q3FY25 Results
🔹 Revenue: ₹998 Cr (+116.7% YoY)
🔹 PAT: ₹37 Cr (+309.1% YoY)

📌 FY24 Full-Year Performance
🔹 Revenue: ₹1,745 Cr (vs ₹1,154 Cr in FY23, +51.2%)
🔹 PAT: ₹40 Cr (vs ₹19 Cr in FY23, +110.5%)

📌 Key Valuation Metrics
🔹 Market Cap: ₹5,134 Cr
🔹 Promoter Holding: 58.2%
#SkyGold

3/10

🏗 Expansion & Growth Strategy

📌 Capacity Expansion Targets
🔹 Q3FY25: 447 kg/month (+66% YoY)
🔹 FY26 Target: 650-700 kg/month
🔹 FY27 Target: 1,050+ kg/month
🔹 New Manufacturing Facility to scale 4,000 kg/month by FY27

📌 Product Diversification
🔹 Expanding into 18K Gold, Natural Diamonds, & Lab-Grown Diamonds (LGDs)
🔹 Lab-Grown Diamonds contribute 5% of revenue

📌 Global Expansion
🔹 Strengthening exports in UAE, Singapore, Malaysia, & the Middle East
#SkyGold

4/10

🤝 Key Clients & Partnerships

📌 New Clients Acquired
🔹 Aditya Birla Novel Jewels (Indriya Brand) – Secured exclusive contract
🔹 CaratLane & P.N. Gadgil – Growing monthly orders
🔹 Reliance & Tanishq – Partnership discussions ongoing

📌 Existing Clients Scaling Up
🔹 CaratLane: Plans to open 300+ new stores
🔹 Malabar Gold: Expanding at 100+ stores/year
#SkyGold

5/10

📊 Financial Strength – Credit Rating & Fund Raising

📌 Credit Rating Upgrade
🔹 India Ratings upgraded bank loans to IND A-/Stable

📌 Recent Fundraising (QIP)
🔹 ₹270 Cr raised via Qualified Institutional Placement (QIP) at ₹2,692/share
🔹 Investors: Motilal Oswal Fund, Kotak Mahindra Life, Bank of India Fund
#SkyGold

6/10

🔄 Inorganic Growth & Acquisitions

📌 Recent Acquisitions
🔹 Starmangalsutra & Sparkling Chains – Strengthening niche jewelry categories

📌 Future Acquisition Plans
🔹 Pursuing more inorganic growth opportunities to reinforce market position
#SkyGold

7/10

📌 Leadership Update

📌 New Independent Director Appointment
🔹 Mr. Bharat Jhaveri joins as Independent Director
🔹 Expertise in Gemology & Diamond Assortment
🔹 Led key projects for Tanishq & introduced Open Polki jewelry
#SkyGold

8/10

🚀 Revenue & Future Guidance

📌 Projected Revenue Targets
🔹 FY25: ₹3,300 Cr
🔹 FY26: ₹5,700 Cr
🔹 FY27: ₹7,200 Cr

📌 Key Risks?
❌ High competition in the jewelry industry
❌ Low-margin business model
#SkyGold

9/10

💡 Why Sky Gold is Poised for Growth?

✅ Strong revenue & PAT growth 📈
✅ Expanding production & scaling exports 🌍
✅ New partnerships & acquisitions 🤝
✅ Entering high-margin segments (LGDs & Diamonds) 💎
✅ Credit rating upgrade & strong financial backing 💰

Sky Gold Limited is set for exponential growth in the coming years! 💎📈

📢 Disclosure: This is NOT a Buy/Sell/Hold recommendation. Shared for educational purpose only. Please do your own due diligence.
#SkyGold

10/10

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