BAJAJ BROKING
Sky Gold Ltd. aims to enter the lab-grown diamonds market within two quarters. The company also plans to boost exports to 15% of total revenue, focusing on Middle Eastern markets.
Sky Gold Ltd. is gearing up to enter the lab-grown diamonds segment within the next two quarters. The company is closely analysing the growing demand for lab-grown diamonds in India and intends to create samples soon. This strategic move reflects the rising interest in sustainable and cost-effective alternatives to natural diamonds while maintaining a focus on domestic and export markets.
Also read: HBL Power Secures ₹1,552 Crore TCAS Equipment Order for 2,200 Locomotives
Timeline: Entry into lab-grown diamonds market within two quarters.
Export Focus: Aims to increase export contribution to 15% of revenue.
Key Export Regions: Middle East, including UAE, Dubai, and Qatar.
Domestic Market: Expected to contribute 80-85% of total revenue.
Also read: Dixon Technologies Targets 40% Annual Revenue Growth With New Joint Ventures
Sky Gold Ltd. plans to allocate up to 20% of its revenue to exports, focusing on the Middle Eastern markets where it already has a client base. With partners like Kalyan Jewellers expanding in these regions, the company seeks to leverage its established relationships to grow its footprint.
Revenue Contribution | Focus Regions |
80-85% | India |
15-20% | Middle East (UAE, Qatar) |
Shares of Sky Gold Ltd. rose over 4% during intraday trading on Wednesday, reaching ₹4,560 apiece, before closing at ₹4,530. This increase reflects market optimism around the company's diversification plans and potential revenue growth from lab-grown diamonds and export expansion.
The company’s decision to explore the lab-grown diamonds market aligns with growing consumer acceptance of these alternatives. This move, along with its export strategy, is expected to support sustained growth and have a positive impact on the Sky Gold share price in the coming quarters.
Sky Gold Ltd.’s foray into the lab-grown diamonds market demonstrates its commitment to innovation and market adaptation. Coupled with its focus on export growth, the company is poised to strengthen its revenue streams and solidify its presence in both domestic and international markets.
Also read: 63 Moons Approves ₹1,950 Crore One-Time Settlement with NSEL Investors Forum
Do you have a trading account app or demat account app?
You can open an account with Bajaj Broking in minutes.
Download the Bajaj Broking app now from Play Store or App Store.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
For All Disclaimers Click Here: https://bit.ly/3Tcsfuc
Share this article:
Gold Price in India | Gold Drops 1.6% to $2,667.30; Silver Falls 1.9% to $31.04
16 Dec, 2024 | 39 Min. read
HBL Power Secures ₹1,552 Crore TCAS Equipment Order for 2,200 Locomotives
16 Dec, 2024 | 2 Min. read
NIFTY Infrastructure Index - Meaning, Calculation & How to Invest
16 Dec, 2024 | 5 Min. read
Nifty 100 vs Nifty Midcap 150: Which index should You Pick
16 Dec, 2024 | 5 Min. read
63 Moons Approves ₹1,950 Crore One-Time Settlement with NSEL Investors Forum
16 Dec, 2024 | 2 Min. read
Dixon Technologies Targets 40% Annual Revenue Growth With New Joint Ventures
16 Dec, 2024 | 2 Min. read
Sky Gold Plans Entry Into Lab-Grown Diamonds Market Within Two Quarters
16 Dec, 2024 | 2 Min. read
What Is Nifty Energy? - Meaning, Benefits & Weightage!
16 Dec, 2024 | 6 Min. read
Share Market Today | Flat Start Expected For Indian Markets, Gift Nifty Consolidates
16 Dec, 2024 | 4 Min. read
Standard Deviation: Meaning, How To Use and Calculate
14 Dec, 2024 | 5 Min. read
Business Forecasting: Definition, Methods, and Models
14 Dec, 2024 | 8 Min. read
Modern Portfolio Theory (MPT): Definition, Types & How To Use
14 Dec, 2024 | 8 Min. read
RBI Launches ULI: Transforming Loan Access
August 27, 2024 | 4 Min. read
Textile Sector in India
September 20, 2024 | 5 Min. read
List of IPOs with DRHPs Filed
November 30, 2023 | 3 Min. read
Aditya Birla Group
September 28, 2023 | 10 Min. read
Bajaj Housing Finance Ltd IPO: Things Smart Investors Need to Know
September 05, 2024 | 4 Min. read
Budget Stock Ideas 2024-2025 | Stocks to Buy Today
July 24, 2024 | 4 Min. read
IPO Eligibility Criteria : Full Details
March 15, 2024 | 6 Min. read
What Is the Lock-In Period in IPOs?
October 18, 2023 | 6 Min. read
Godfrey Phillips Announces 2:1 Bonus Shares
September 16, 2024 | 7 Min. read
Jindal Group- A Comprehensive Analysis
September 27, 2024 | 7 Min. read
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading