Shankesh Jewellers bucks market sell-off to zoom 18% as Q1 PAT doubles

Shankesh Jewellers share price today: Shares of Shankesh Jewellers defied the market sell-off on Friday, surging as much as 18 per cent to hit a record high after the company reported a 100 per cent Y-o-Y rise jump in Q1FY27 profit.

The newly listed stock opened higher at ₹104.40 and extended gains to hit an intraday high of ₹115.90 on the National Stock Exchange (NSE).

As of 10 AM, the shares were trading at ₹109, holding on to most of the gains, with more than 35 million shares changing hands.

In comparison, the benchmark Nifty 50 index was down 0.8 per cent at 23,280. Shankesh Jewellers Q1 results

According to an exchange filing, the company delivered strong financial performance in Q1, with revenue growing 55 per cent Y-o-Y to ₹424 crore. Its profit after tax (PAT) stood at ₹43, reflecting an increase of 100 per cent on a Y-o-Y basis.

Ebitda increased by 92 per cent Y-o-Y to ₹61 crore, while Ebitda margin expanded by 279 bps to 14.4 per cent in the quarter under review.

The company said that its PAT margin in the June quarter was at 10.2 per cent, up by 230 bps from 7.9 per cent in the same quarter a year ago. Shankesh Jewellers IPO details  Shankesh Jewellers made a positive debut on the bourses in the last week of August. The ₹367 crore IPO was subscribed 2.80 times, with the stock listing at ₹103.30 on the NSE, against the issue price of ₹93.

Shankesh Jewellers is a Mumbai-based wholesaler of handcrafted gold jewellery. Some of its clientele includes Joyalukkas India, Kalyan Jewellers, PN Gadgil & Sons, and Novel Jewels (Aditya Birla Group).

The company claims that its repeat customers accounted for around 80 per cent of total customers in FY26.