This Gold Jewellery Company Announces Major Capacity Expansion and Reports 110% Revenue Growth for Q3 FY2025-26

Shanti Gold International Limited, a prominent gold jewellery manufacturer in India, has announced a major capacity expansion for its manufacturing operations along with robust business performance for the third quarter and nine months ended December 31, 2025. The announcement was made in Mumbai on January 22, 2026.

Following a Board meeting held on January 22, the company approved a strategic expansion plan to accommodate rising demand from organised jewellery retailers and to strengthen its long-term retail partnerships.

Strategic Capacity Expansion

Under the approved plan, Shanti Gold will add approximately 4,000 kg per annum to its manufacturing capabilities. The company currently operates at a capacity of 2,700 kg per annum with a utilisation rate of 68.25 per cent. The expansion project will require an estimated investment of Rs 8.50 crore, which will be funded through internal accruals. The company expects the expansion to be completed by Q2 FY2026-27.

Speaking on the development, Chairman and Managing Director Mr. Pankajkumar Jagawat stated that the initiative reflects confidence in the long-term growth potential of the jewellery manufacturing segment and ongoing consumer shifts toward organised retail formats.

Strong Operational Performance in Q3 & 9M FY2025-26

Alongside the expansion update, Shanti Gold also reported its business performance for Q3 and the nine-month period ending December 31, 2025, driven by strong festive and wedding season demand.

Q3 FY2025-26 Performance

• Revenue increased by approximately 110 per cent year-on-year, supported by strong volumes and higher gold prices.
• Volume growth stood at over 30 per cent year-on-year, backed by consistent B2B purchase orders.

9M FY2025-26 Performance

• Revenue rose by over 65 per cent year-on-year.
• Volume growth increased by over 12 per cent year-on-year despite fluctuations in gold prices.

The company highlighted strong traction in bridal jewellery, supported by design-led and customized offerings tailored to evolving customer preferences.

About Shanti Gold International Limited

Founded in 2003 by Mr. Pankaj Kumar Jagawat and Mr. Manoj Kumar Jain, Shanti Gold International Limited is headquartered in Mumbai. The company operates a 13,448 sq. ft. modern manufacturing facility that integrates traditional craftsmanship with advanced technology. It maintains a strong presence across North and South India and supplies to leading retail chains.

The stock price is trading 10 per cent up from its all-time low. The stock was listed on exhange in August 2025.

Disclaimer: The article is for informational purposes only and not investment advice.