Shankesh Jewellers
What it means
Shankesh Jewellers' scale now pays for itself: room for new showrooms and making-charge offers.
Reported: Net profit ₹43.2 cr, up from ₹21.6 cr a year earlier, on revenue +55.1% in Q1 FY27.
Watch: Q2 FY27 results, due by 14 Nov — revenue growth below Q1's 55.1%.
Before its next results, due by 14 Nov:Before then:
- Affected
- Lalithaa Jewellery Mart and Kalyan Jewellers — facing a better-funded Shankesh JewellersDo now: By 14 Nov: defend your strongest catchments: it has profit to spend where it competes with you.
- Shankesh Jewellers' karigars and bullion suppliers — a stronger buyer at the tableDo now: By 14 Nov: expect firmer terms from it; lock volumes and prices.
Latest moves
Our read of each move first, where we have one; what the report said is marked Reported.
Background
From 7 stories, the newest dated 11 Sept 2026. Summary written 2 Oct 2026.
Shankesh Jewellers is a Mumbai-based gold-jewellery wholesaler and customised gold-jewellery manufacturer and supplier. [1] source: Business Standard[2] source: Mint
Show 2 more paragraphs and 7 sources
Its corporate clients include Joyalukkas, Kalyan Jewellers, PN Gadgil and Novel Jewels. [1] source: Business Standard
Shankesh Jewellers listed on NSE and BSE on 25 August 2026 after an IPO of Rs 367 crore that was subscribed 2.80 times. [3] source: Mint[4] source: Financial Express[1] source: Business Standard The IPO included a fresh issue of Rs 274.18 crore and an offer for sale of Rs 93 crore, with proceeds earmarked for debt repayment and working capital. [1] source: Business Standard[5] source: Mint It opened at Rs 103.30 on NSE and Rs 102.20 on BSE, compared with its Rs 93 offer price. [1] source: Business Standard[5] source: Mint In Q1 FY27, Shankesh Jewellers reported revenue of Rs 423.5 crore, up 55.1% YoY, EBITDA of Rs 61.1 crore, up 92.13% YoY, and net profit of Rs 43.2 crore, versus Rs 21.6 crore a year earlier. [6] source: NDTV Profit Its EBITDA margin was 14.4%, versus 11.6% YoY. [6] source: NDTV Profit On September 11, 2026, its shares rose 9.35% in early NSE trading. [6] source: NDTV Profit In September 2026, its board approved shifting its registered office within Mumbai. [7] source: CNBC-TV18
Sources
Questions about Shankesh Jewellers
How fast is Shankesh Jewellers growing in India?
Shankesh Jewellers reported Q1 FY27 revenue of Rs 423.5 crore, up 55.1% YoY, and net profit of Rs 43.2 crore, versus Rs 21.6 crore a year earlier. [6] source: NDTV Profit
Stories that mention Shankesh Jewellers
2 stories
Shankesh Jewellers is named in these stories but is not their subject.