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Production Started

Shanti Gold Commences Production at New Mumbai Unit; Capacity Up by 4,000 kg Annually

Shanti Gold International has operationalized its expanded manufacturing facility in Andheri, Mumbai, marking the completion of a capacity project announced earlier this year. The facility adds 4,000 kg per annum in production capability to meet rising demand from organized jewellery retail chains.

Close-up of golden gears and cogs arranged on a black background, representing teamwork and industry. Stock photo illustrating Shanti Gold International's production started story.
Photo: Miguel Á. Padriñán / Pexels
Key numbers
Capacity Added 4,000 kgPer Annum
Market Cap ₹1,591.66 CrSmall Cap
Revenue Growth 121.65%YoY Quarterly
Day RSI 53.73Neutral Zone

Key highlights

  • Commercial production commenced at the new Marol, Andheri facility on June 08, 2026
  • Expansion project adds approximately 4,000 kg per annum to existing manufacturing capacity
  • The new production unit spans 28,000 square feet across four levels
  • Project execution follows the initial expansion announcement made on January 22, 2026
  • Integrated advanced manufacturing technology with traditional jewellery craftsmanship

Production Commenced — What It Means

Shanti Gold International has officially started operations at its newly expanded facility located in the Marol Co-operative Industrial Estate, Mumbai. Spanning the ground through third floors of Plot No. 1, this site represents a significant infrastructure investment designed to scale production.

The facility is equipped with modern machinery and state-of-the-art infrastructure to support the delivery of high-volume, design-led, and customized jewellery. By streamlining operations at this centralized Mumbai hub, the company aims to ensure consistent quality and timely delivery for its domestic retail partners and international markets.

Path to This Milestone

  • Formally announced the capacity expansion project on January 22, 2026
  • Completed construction and machinery installation within a six-month timeframe
  • Established a 28,000 square foot modern facility integrating traditional craftsmanship
  • Transitioned to full commercial production with immediate effect on June 08, 2026

Financial Context

The company reported robust trailing twelve-month operating revenue of 2018.71 crore, reflecting a year-on-year growth of 82.34 percent. Quarterly net profit growth stood at 171.32 percent YoY, indicating strong operational efficiency prior to this new capacity coming online. With a current market capitalization of 1591.66 crore and promoter holding steady at 74.89 percent, the firm maintains a stable equity structure.

The addition of 4,000 kg per annum in capacity is strategically positioned to support these high-growth revenue trends by serving larger retail chains.

Shanti Gold International · share price, past month

Sector Tailwinds

The Gems and Jewellery sector is witnessing a transition toward organized retail, where large-scale manufacturers provide critical supply chain support. Industry data shows sector revenue growth of 22.5 percent YoY, while Shanti Gold has outperformed with a 121.65 percent quarterly revenue increase. The company expansion aligns with rising demand from leading retail chains for sophisticated, technology-integrated manufacturing.

This allows for higher precision in contemporary designs, catering to both the domestic Indian market and growing export opportunities in the premium jewellery segment.

“The expanded capacity positions us strongly to meet the rising demand from our retail partners and enables us to scale our operations while maintaining the quality and design excellence that our customers rely upon.”

— Mr. Pankajkumar Jagawat, Chairman & Managing Director
Shanti Gold International · financial snapshot
Share price₹220.77
Market capitalisation₹1,591.66 Cr
Revenue (annual)₹2,018.71 Cr
Net profit (annual)₹140.15 Cr
Revenue (latest quarter)₹658.93 Cr+3.45% vs previous quarter
Net profit (latest quarter)₹51.93 Cr+29.40% vs previous quarter
P/E (TTM)9.92×Sector 54.3×
Promoter holding74.89%0.00% QoQ
FII holding2.18%Current quarter

Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.

Source verified

Exchange filing by Shanti Gold International Ltd announcing the commencement of commercial production at its new manufacturing facility. Market figures from a third-party data provider.

Read the filing ↗
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