Top Tweets for #Shankesh
Shankesh Jewellers Q1 FY27 Concall: ₹424 Cr Revenue as Corporate Clients Drive 66% of Sales #shankeshjewellers #shankesh #shankeshq1fy27 #shankeshconcall #q1fy27 #quarterlyresults #earningscall
https://t.co/ISWiKEYTig
Shankesh Jewellers Q1 FY27 Concall: ₹424 Cr Revenue as Corporate Clients Drive 66% of Sales #shankeshjewellers #shankesh #shankeshq1fy27 #shankeshconcall #q1fy27 #quarterlyresults #earningscall
https://t.co/J69c8VHSET
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#SHANKESH
𝐇𝐢𝐝𝐝𝐞𝐧 𝐟𝐚𝐜𝐭𝐨𝐫𝐲 𝐛𝐞𝐡𝐢𝐧𝐝 𝐈𝐧𝐝𝐢𝐚’𝐬 𝐣𝐞𝐰𝐞𝐥𝐥𝐞𝐫𝐲 𝐛𝐨𝐨𝐦 𝐣𝐮𝐬𝐭 𝐥𝐢𝐬𝐭𝐞𝐝.
#Shankesh Jewellers (the recently listed B2B gold jewellery player from Zaveri Bazar) from every angle.
The name is commonly mixed up with “Shashank Jewellers” (a smaller Jaipur showroom). This is the one with public numbers, an IPO, and current market attention.
1/ Thread: Shankesh Jewellers from every corner
Mumbai Zaveri Bazar B2B manufacturer that just listed after a ₹367 Cr IPO. Asset-light, handcrafted 22K/18K gold jewellery supplier to big retail names. Here’s the full picture.
2/ History & promoter
Business started 1992 as a proprietary firm by Kantilal Kheemraj Jain.
Incorporated 2005 as H.K. Gold Pvt Ltd → renamed Shankesh Jewellers Pvt Ltd (2006) → public limited April 2025.
Promoters: Kantilal Jain + sons Mahavir Kantilal Jain and Manoj Kantilal Jain (held ~95% pre-IPO).
HQ: Zaveri Bazar, Mumbai.
3/ What they actually do
They do not run large own factories. Asset-light model:
Design + gold sourcing + quality + delivery in-house.
Production via ~87 job-worker karigars.
Also do job-work (client gives bullion + design, they manufacture).
Pure B2B wholesale + customisation. No consumer brand stores.
4/ Product range
22-karat and 18-karat handcrafted gold:
Bangles, bridal sets, chokers, jhumkas, necklace sets, mangalsutras, rings.
Styles: antique, semi-antique, Calcutta, temple, gheru polish, yellow / rhodium / rose gold.
Focus is customised bridal and festive jewellery that retailers put their own brand on.
5/ Who buys from them
Corporate clients include:
Joyalukkas
P.N. Gadgil & Sons
Kalyan Jewellers
Novel Jewels (Aditya Birla)
Manoj Vaibhav Gems, Bhima, and other established houses.
Plus a long tail of non-corporate jewellers. Pan-India distribution.
6/ Financials (restated)
Year
Revenue
PAT
OPM
FY23
₹909 Cr
₹10 Cr
2.5%
FY24
₹1,062 Cr
₹13 Cr
2.7%
FY25
₹1,404 Cr
₹40 Cr
4.7%
FY26
₹1,631 Cr
₹107 Cr
~10%
PAT jumped 165% in FY26. Margins improved as scale and mix got better. High ROCE / ROE (post-IPO numbers still strong).
7/ IPO & listing
Issue: ₹367 Cr (₹274 Cr fresh + ₹93 Cr OFS).
Price band: ₹88–93. Listed 25 Aug 2026 at ~₹103 (11% premium).
Use of proceeds: working capital, debt repayment, general corporate.
Current price (9 Sep 2026): ~₹98. Market cap ~₹1,400 Cr.
Crisil recently revised outlook to Positive (after IPO funds strengthened the balance sheet).
8/ Strengths
30+ year relationships in a relationship-driven trade.
Asset-light → high capital efficiency when working capital is managed.
Customisation capability that big retailers like.
Improving profitability and listed currency for future growth.
9/ Risks / things to watch
Gold price volatility + large working-capital cycle (typical of jewellery).
Intense competition and thin historical margins (now improving).
Customer concentration (big retailers matter a lot).
Job-worker model: quality and capacity depend on karigars.
Regulatory / hallmarking / import-duty changes.
10/ Bottom line
Not a consumer jewellery brand. It’s a B2B “hidden supplier” that makes the pieces you see in Kalyan / Joyalukkas / PNG showrooms. Post-IPO balance sheet is cleaner, margins have expanded, and the stock is trading at a modest multiple vs jewellery peers.
Useful if you want exposure to organised jewellery growth without owning the retail stores themselves.
Not an investment advice. Do your own work.
#SHANKESH
Record #Q1FY27
Highest ever set with good QoQ and YoY uptick across all parameters
Good margin expansion
Almost 100% growth in EBITDA, PBT and PAT YoY
Good QoQ uptick as well
Rev at 424cr vs 273cr⏫55%
Gross profit at 66cr vs 34cr⏫95%
Margins at 15.6% vs 12.4%
EBITDA at 61cr vs 32cr⏫92%
⏫30% QoQ
OPM at 14.4% vs 11.6%
PAT at 43cr vs 22cr⏫100%
⏫38% QoQ
Concall highlights:
Expects to sustain the growth momentum
Similar/better growth guidance
No quantitative guidance
Healthy margins to be maintained
18 karat seeing good traction
Higher margins
IPO funds to be used for debt reduction and WC requirements
H2 better vs H1 due to festivities and marriage season
Shankesh Jewellers
#Shankesh
Record #Q1FY27
Highest ever set with good QoQ and YoY uptick across all parameters
Good margin expansion
Almost 100% growth in EBITDA, PBT and PAT YoY
Good QoQ uptick as well
Rev at 424cr vs 273cr⏫55%
Gross profit at 66cr vs 34cr⏫95%
Margins at 15.6% vs 12.4%
EBITDA at 61cr vs 32cr⏫92%
⏫30% QoQ
OPM at 14.4% vs 11.6%
PAT at 43cr vs 22cr⏫100%
⏫38% QoQ
Concall highlights:
Expects to sustain the growth momentum
Similar/better growth guidance
No quantitative guidance
Healthy margins to be maintained
18 karat seeing good traction
Higher margins
IPO funds to be used for debt reduction and WC requirements
H2 better vs H1 due to festivities and marriage season
In a fraction of few mins, missed booking 10% gains in #shankesh Jewellery.
I think it will touch 150 before Deepawali.
No buy/sell
#SHANKESH
Shankesh Jewellers Ltd | Earnings Call Summary (Extract) - Jun-2026 Qtr | Disc: AI generated, please verify
Management Guidance and Outlook
■ Management did not provide specific numerical guidance for future revenue or profit margins. However, they expressed confidence in continuing the company's growth trajectory, aiming for a pace that is "almost similar or something better" than what has been achieved historically.
■ The company sees multiple avenues for future growth:
■ Deepening Customer Relationships: Increasing wallet share with existing corporate clients as they expand their retail networks.
■ Industry Formalization: Benefiting from the structural shift towards organized players in the Indian jewellery industry.
■ Geographic Expansion: Deepening their presence in core markets while expanding into new ones.
■ Asset-Light Scalability: The Karigar ecosystem allows for volume growth without proportionate fixed capital investment.
■ The IPO proceeds, which were received after Q1, will be used to fund working capital requirements, supporting future growth and reducing debt.
Shankesh Jewellers
#Shankesh
Got listed 10 days back
Last 4 years:
Revenue:
FY23 909cr
FY24 1062cr
FY25 1404cr
FY26 1631cr
EBITDA and OPM:
FY23 23cr at 2.5%
FY24 29cr at 2.7%
FY25 65cr at 4.7%
FY26 158cr at 10%
Inventory gains also would ve played a role in margin expansion
Shankesh Jewellers
#Shankesh
Very good Q1FY27 with solid margin expansion QoQ and YoY
Good QoQ and YoY uptick across EBITDA, PBT and PAT
Rev at 423cr vs 273cr
Q4 at 500cr
PBT at 58cr vs 29cr
Q4 at 43cr
PAT at 43cr vs 22cr
Q4 at 32cr
🎧 Shankesh Jewellers concall is streaming live on EquiSense. Not tomorrow's transcript. Not a summary after it ends. The call itself, live, with AI notes as management speaks
👉 https://t.co/B57oMk6ehy
#SHANKESH #EarningsCall
🔥 Market Buzz — 11 Sep 10:40 am
NIFTY: 23,293 (-0.8% 🧨🧨)
🔴 Sensex Sinks 700 Points as Iran Conflict Sends Brent Above $108
🟢 #SHANKESH Jewellers Jumps 6% as Q1 Profit Nearly Doubles YoY
🔴 India 10-year yield tops 7% as crude, US yields spike #BANKNIFTY
#SHANKESH
Shankesh Jewellers
#Shankesh
Very good Q1FY27 with solid margin expansion QoQ and YoY
Good QoQ and YoY uptick across EBITDA, PBT and PAT
Rev at 423cr vs 273cr
Q4 at 500cr
PBT at 58cr vs 29cr
Q4 at 43cr
PAT at 43cr vs 22cr
Q4 at 32cr
Usually, H2 is heavier vs H1 due to wedding season and festivities
#SHANKESH
Easy one with around 1% PF impact 😉🥂
#SHANKESH 8r Trade done ✅
Happy Weekend 😋
#SHANKESH: 🚀
#SHANKESH 📈 💸
Booming as expected
#SHANKESH @ Rs. 107.31
SL @ Rs. 102
SL @ 4.95%
PS @ 10%
car @ 0.49%
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