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Shankesh Jewellers, the leading gems and jewelery company which is rapidly making its strong mark in the Indian jewelery market, has declared its excellent financial results for the first quarter (Q1 Results 2026) of the current financial year 2026-27. The company has outperformed market expectations and made huge leaps in net profit, total income and operating margin. Due to the wedding season and huge consumer demand for retail gold and silver jewellery, the company’s net profit has registered a tremendous growth of about 95 per cent on an annual basis. Financial analysts believe that on the basis of these blockbuster results, investors may see huge buying of the company’s shares in the coming trading sessions.
According to official information shared by Shankesh Jewelers in its exchange filing, the company’s consolidated net profit has almost doubled on a year-on-year basis. While the company had earned a net profit of only Rs 22 crore in the same quarter of the last financial year, in the first quarter of the current financial year this figure has crossed Rs 43 crore with a stormy increase of 95 percent. Effective cost control measures by the company management, increasing proportion of high-margin diamond and gold jewelery and better inventory management have played a key role in taking profits to historic highs.
During the first quarter, the company’s topline i.e. total revenue has also seen a tremendous growth. According to official data, the company’s total revenue from operations in the first quarter has directly jumped to Rs 424 crore from Rs 273 crore last year. That means an impressive growth of about 55 percent has been recorded in the company’s total sales on an annual basis. The direct benefit of the increasing share of the organized sector in the Indian jewelery industry and the expansion of the network of retail showrooms of Shankesh Jewelers has been seen in the total income of the company. The increasing interest of customers in Tier-2 and Tier-3 cities has also taken the sales to new record levels.
The company has also seen record performance on the operating profit front i.e. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization). While the EBITDA of the company was at Rs 32 crore in the first quarter of the last financial year, it has been recorded at Rs 61 crore in the same quarter of this year, a huge jump of 91 percent. Along with this, there has also been a significant improvement in EBITDA margin, which is considered the biggest measure of the company’s operating efficiency. The company’s operating margin has improved by 280 basis points to 14.4 percent as compared to 11.6 percent recorded in the same period last year, which is considered a very healthy financial sign in the jewelery manufacturing sector.
On the day of announcement of quarterly results, a calm trend was seen in the shares of Shankesh Jewelers in the domestic stock market. On September 10, 2026, the stock closed at Rs 98.55 with a slight gain of 0.43 percent. The previous closing price of the stock during the trading session was Rs 98.13, while the stock touched an intraday high of Rs 100.93 and low of Rs 97.35 in intraday trading. Amidst the day’s ups and downs, traders adopted a cautious approach waiting for the results, but these historical results after the market closed indicate that the stock may see strong volume and action in the coming trading day.
If we look at the technical data of Shankesh Jewellers, its 52-week high is Rs 110.99, while its 52-week low is Rs 87.25. The total market capitalization of the company at the current price is approximately Rs 1,448.99 crore. At the same time, the free-float market cap available for liquidity in the market is around Rs 270.97 crore. The face value of the company’s shares is Rs 5 per share. The company is primarily listed on the Bombay Stock Exchange (BSE) in the manufacturing and trading category of gems, jewelery and watches.
After excellent first quarter results, the eyes of domestic brokerages and retail investors are now focused on Friday’s trading session. Financial experts believe that the figure of 95 percent profit and 55 percent income growth can prove to be a big catalyst for any midcap jewelery company. This strong financial report, which came just before the festive season, has given additional strength to the company’s balance sheet. In such a situation, market experts recommend that investors keep a close eye on the stock’s important resistance levels of Rs 102 and 52-week high of Rs 110, as a positive earnings surprise can pave the way for a fresh breakout in the share prices.