Shanti Gold posts 9.97% operating margin in first reported quarter
Net profit reached Rs 50.48 cr after a 22.64% tax rate, while management highlighted three new jewellery product lines.
Filed 13 Aug 2026, 18:22 IST · after market close · SHANTIGOLD (SHANTIGOLD)
Key takeaways
- Consolidated operating margin was 9.97%, with operating profit of Rs 71.45 cr converting to net profit of Rs 50.48 cr.
- Other income of Rs 1.68 cr was small relative to profit before tax of Rs 65.26 cr, so reported profit was not materially dependent on non-operating income.
- Management said it introduced Turkish jewellery, Cuban Bracelets and Mangalsutras alongside a quarter with EPS of Rs 7.00.
Operating profit converted cleanly into net profit
Shanti Gold reported consolidated operating profit of Rs 71.45 cr at a 9.97% operating margin. Net profit was Rs 50.48 cr after interest of Rs 5.68 cr, depreciation of Rs 2.19 cr and a 22.64% tax rate. Other income of Rs 1.68 cr was not a material contributor to profit before tax of Rs 65.26 cr.
New jewellery categories broaden the product range
Management said the company introduced Turkish jewellery, Cuban Bracelets and Mangalsutras during the quarter. The presentation described these as new product offerings, including a flagship line and a high-demand core category.
Results were filed after market close
The company filed its consolidated results at 18:22 IST on 13 Aug 2026, after market close. The quarter can therefore be assessed on reported operations without a same-session stock reaction.
Q1FY27 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹716 cr |
| Other income | ₹2 cr |
| Expenses | ₹645 cr |
| Operating profit | ₹71 cr |
| Operating margin (%) | 9.97% |
| Interest | ₹6 cr |
| Depreciation | ₹2 cr |
| Profit before tax | ₹65 cr |
| Tax | ₹15 cr |
| Net profit | ₹50 cr |
| EPS (₹) | ₹7.00 |
What management said
From the company’s own investor presentation. Each point is checked against the source document before it appears here.
New products
- The company introduced Turkish jewellery, Cuban Bracelets and Mangalsutras as new product offerings.
What to watch
- Whether consolidated operating margin holds above 9.97% in the next reported quarter.
- Whether net profit remains above Rs 50.48 cr as interest and tax costs change.
- The contribution from Turkish jewellery, Cuban Bracelets and Mangalsutras to the reported product mix.