Sky Gold & Diamonds Completes 100% Acquisition of Ganna N Gold for ₹225 Crore

Sky Gold and Diamonds Limited has acquired 100% of Ganna N Gold Private Limited, a Mumbai-based gold bangles manufacturing company. The deal is worth ₹225 crore and is being done entirely through a share swap, meaning no money is being paid in cash. This move allows Sky Gold to start manufacturing machine-made and handmade bangles and expand its range of jewellery offerings.

Strategic Benefits of the Deal

This is Sky Gold’s third acquisition in the last six months, which aligns with their growth plans. The deal has several benefits:

• Ganna N Gold is already an expert in manufacturing jewellery, which strengthens Sky Gold’s product range.
• Since it’s a share-swap deal and Ganna N Gold has a zero-inventory model, there is no need for extra cash investment.
• Ganna N Gold enjoys a lower corporate tax rate of 15% due to Section 115BAB, which will improve Sky Gold’s overall profits.

Company Backgrounds

Ganna N Gold, founded in 2021, is known for its unique bangle designs and customisation capabilities. Its management team will join Sky Gold’s team. 

Sky Gold and Diamonds began in 2005 and became a public company listed on stock exchange. It has a large manufacturing facility in Navi Mumbai, employs over 850 people and sells through 2,000+ outlets. The company has also acquired Sparkling Chains and Starmangalsutra Pvt. Ltd. to strengthen its market presence.

Financial & Market Impact

The projected financials of Ganna N Gold show rapid growth:

• Revenue is expected to grow from ₹29 Cr in FY 2025-26 to ₹81 Cr in FY 2027-28.
• Profit after tax is projected to rise from ₹19 Cr to ₹43 Cr during the same period.

Sky Gold’s total market share across different jewellery types now stands at 75%, with contributions from its various acquisitions. This positions the company to meet a large portion of retail gold jewellery demand.

Also Read: Sky Gold Shares Locked in Upper Circuit

Share Performance 

As of April 21, 2025, at 10:30 AM, Sky Gold and Diamonds Ltd Share Price is trading at ₹345.30 per share, a 1.62% down. Over the past month, the stock has registered a profit of 3.09%. The stock’s 52-week high stands at ₹488.55 per share, while its low is ₹101.10 per share.

Conclusion

This acquisition strengthens Sky Gold’s market presence and product variety, giving the company a bigger role in the jewellery industry. By adding Ganna N Gold to its group, Sky Gold is not only expanding but also improving its profitability and customer offerings, setting a solid path for future growth.

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