Sky Gold & Diamonds Adopts Asset-Light Model, Eyes Faster Capacity Expansion
The stock price is trading 47 per cent higher from its 52-week low of Rs 246 per share.
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Sky Gold & Diamonds Ltd has announced a strategic shift under its "Sky Gold 3.0" vision, moving from a large-scale greenfield manufacturing plan to an asset-light, agile expansion model.
The company plans to monetise land previously acquired for approximately Rs 105 crore and will instead scale its production capacity through leased manufacturing facilities. This approach is expected to enable faster execution, improve capital efficiency, and maintain expansion timelines without delays.
The proceeds from the land sale, targeted for completion within six months, will be utilised to reduce borrowings by over 20 per cent in FY27. Managing Director Mangesh Chauhan highlighted that this decision strengthens the company’s financial resilience as it aims to become net debt-free by FY30.
The transition to an asset-light model reflects Sky Gold & Diamonds’ focus on operational flexibility and optimised capital allocation while continuing its growth trajectory in the competitive domestic and U.S. markets.
Sky Gold Limited is engaged in the business of designing, manufacturing, and marketing gold jewellery. The co. follows a B2B model where the products are mainly sold to mid-range jewellers and boutique stores that sell these products through online platforms and retail stores.
The stock price is trading 47 per cent higher from its 52-week low of Rs 246 per share.
Disclaimer: The article is for informational purposes only and not investment advice.