2 hrs ago
Shankesh Jewellers Stock Surges 18% on Strong Quarterly Results
Shankesh Jewellers is a jewellery company whose shares recently started trading publicly.
Its share price rose sharply even though the wider stock market was falling.
The shares reached ₹116, their highest level so far.
Investors were encouraged by the company’s latest financial results.
Profit doubled compared with the same quarter a year earlier.
Revenue and operating profit also grew strongly.
The company said its profit margins improved.
It believes more customers are choosing organised and specially made jewellery.
This optimism helped push the stock higher.
Shankesh Jewellers shares rose as much as 18% to a record ₹116 on the BSE on Friday, 11 September.
The stock gained 22% across three sessions and is up 25% from its ₹93 issue price.
The company reported a 100% year-on-year increase in Q1FY27 profit after tax to ₹43 crore.
Q1FY27 revenue rose 55% to ₹424 crore, while EBITDA increased 92% to ₹61 crore.
The rally also reflects sectoral optimism around organised, hallmarked and handcrafted jewellery businesses in India.
- Who
- Shankesh Jewellers and investors trading its shares.
- What
- Shankesh Jewellers shares surged 18% to a record ₹116, driven mainly by strong Q1FY27 financial results and jewellery-sector optimism.
- Where
- Trading took place on the BSE and NSE in India.
- When
- Friday, 11 September; the company reported its Q1FY27 results on 10 September, and its shares were listed on 25 August.
- Why
- The rally followed a 100% year-on-year rise in profit after tax, strong revenue and EBITDA growth, improved margins, and positive sectoral conditions.
Key facts
- Record share price
- ₹116
- Intraday gain
- 18% on the BSE
- Issue price
- ₹93 per share
- Q1FY27 profit after tax
- ₹43 crore, up 100% year on year
- Q1FY27 revenue
- ₹424 crore, up 55% year on year
- Q1FY27 EBITDA
- ₹61 crore, up 92% year on year
- Listing date
- 25 August on the NSE and BSE
Quotes
Shankesh Jewellers management
Management of Shankesh Jewellers
“The quarter delivered strong financial performance. EBITDA margin expanded to 14.5% and PAT margin to 10.2%, demonstrating improving operating leverage and profitability. We remain confident about the opportunities before us. We enter FY27 with confidence, a strong foundation and a clear focus on sustainable growth, deeper customer relationships and continued value creation for all our stakeholders.”
livemint.com
“We believe the shift towards organised and differentiated handcrafted jewellery presents a significant opportunity. With our asset-light model, experienced karigar network and focus on high-quality, bespoke jewellery, Shankesh Jewellers is well positioned to participate in and benefit from the next phase of growth in India’s jewellery industry.”
livemint.com
Sources
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