Sky Gold lifts FY27 revenue target by 62% to ₹8,100 crore
The company unveiled 'Sky Gold 3.0,' a roadmap targeting ₹19,000 crore in revenue by 2030, while promoters move to a zero-salary structure.
— 4 earlier stories on Sky Gold and Diamonds Ltd. →What's new
- FY27 revenue guidance hiked by 62% to ₹8,100 cr.
- Vision 2030 targets ₹19,000 cr revenue and ₹945 cr net profit.
- Promoters will draw zero salaries from next fiscal year, linking pay to dividends.
Why this matters
The shift to an asset-light model and the move to sell land suggests a focus on capital efficiency. Linking promoter pay entirely to dividends is a rare governance move that ties management incentives directly to shareholder returns.
What we're watching
- The execution of the asset-light transition and land sales.
- Profitability as the company enters international markets.
- Progress on lightweight jewellery sales.
The full read
Sky Gold is betting big on its 'Sky Gold 3.0' strategy. The company just hiked its FY27 revenue guidance to ₹8,100 crore, a 62% jump from the ₹5,000 crore previously projected. Looking further out, the firm targets ₹19,000 crore in revenue and ₹945 crore in net profit by 2030.
Management is pivoting to an asset-light model, relying on leased facilities and selling off land to pay down debt.
Promoters have agreed to take zero salaries starting next fiscal year, opting to tie their personal earnings exclusively to dividends. It is a clear attempt to signal confidence and align management with shareholders. The next test is whether the company can maintain profitability while scaling into international markets and lightweight jewellery segments. It is a high bar.
Questions answered
- What is the new revenue target for FY27?
- Sky Gold now targets ₹8,100 crore in revenue for FY27. This is a 62% increase over its previous guidance of ₹5,000 crore.
- What are the long-term goals under 'Vision 2030'?
- The company aims to reach ₹19,000 crore in annual revenue and ₹945 crore in net profit by 2030.
- How does the company plan to fund this growth?
- It is shifting to an asset-light model by using leased facilities for capacity. It also plans to sell existing land to pay down debt.
- What changes are being made to promoter compensation?
- Starting next fiscal year, promoters will draw zero salaries. Their compensation will be tied entirely to future dividend payouts.
Story so far
All notes on SKYGOLD →- 27 May 2026 · 9:00 PM IST Sky Gold lifts FY27 revenue target by 62% to ₹8,100 crore
- today Sky Gold reports 112% profit growth and targets debt reduction
- today Sky Gold and Diamonds files audited results; no new surprises
- today Sky Gold and Diamonds files audited results; no surprises here.
- today Sky Gold profit doubles to ₹282 crore on volume growth