Shankesh Jewellers Limited (shankesh) H1fy27: Revenue Up 52%, PAT Rises 56%

Shankesh Jewellers Limited (NSE: SHANKESH), a renowned manufacturer of handcrafted gold jewellery, reported a robust performance in H1FY27, with revenue from operations growing 52% year-on-year to Rs 980 crore. EBITDA increased 51% to Rs 97.7 crore, while PAT grew 56% to Rs 68.8 crore. This strong growth reflects the company’s focus on strengthening customer relationships, expanding product capabilities, and leveraging its established karigar network.

Strong Growth Across Key Financial Parameters

During H1FY27, gross profit increased 55% to ₹108 crore, EBITDA grew 51% to ₹97.7 crore, and PAT rose 56% to ₹68.8 crore. EBITDA margin remained stable at 10%, while PAT margin improved to 7.0% from 6.8% in H1FY26.

Customer Relationships Driving Business Growth

The company continues to deepen relationships with existing corporate customers by supporting their expanding retail presence and increasing wallet share. Its design capabilities, product innovation, and customization strengths across 22-karat and 18-karat jewellery enable it to cater to diverse customer requirements. Corporate customers contributed approximately 72% of the company’s H1FY27 revenue.

Strong H1FY27 Performance

Shankesh Jewellers Limited’s operations are supported by an established network of skilled karigars, with several relationships spanning 10–30 years. This network enables the execution of intricate handcrafted designs while providing flexibility to cater to varying customer requirements. The asset-light operating model, combined with established craftsmanship and customization capabilities, provides a scalable framework to address demand for differentiated jewellery.

Supported by its established karigar network and flexible operating model, Shankesh Jewellers remains optimistic about the demand outlook and its ability to sustain growth momentum and create long-term value.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Shankesh Jewellers Limited

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