Sky Gold and Diamonds Posts 77 Percent YoY Revenue Growth in Q3 FY26

Mumbai, Feb 10:  Sky Gold and Diamonds Limited, today announced its Q3FY26 results for the quarter ended December 31, 2025. The company has continued a strong growth momentum, backed by rising exports, capacity enhancement plans, and deeper retail partnerships across India, the Middle East and Southeast Asia.

Q3 FY26 and 9M FY26 Financial Highlights (Consolidated)

 Commenting on the results, Mr. Mangesh Chauhan, Managing Director, Sky Gold and Diamonds Limited, said:

 “Our Q3 FY26 performance reflects the strength of our execution-led growth strategy, with consolidated revenue rising about 76% year-on-year and 19% sequentially, supported by sustained demand across domestic and export markets. Despite elevated gold prices and periodic volatility, the preference for lightweight, design-led jewellery has remained resilient, particularly with increasing adoption of 9kt and diamond studded jewellery formats among Gen Z consumers. It is further fueled by an increase in the advanced gold jewellery business and adding new marque customers in the Indian and Middle east market. Improved scale, deeper B2B partnerships and a growing international footprint have translated into strong operating leverage, with EBITDA more than doubling year-on-year and margins expanding to 7.34%.”

“Profitability continues to track ahead of revenue growth, with PAT increasing over 120% year-on-year, reflecting disciplined cost management and a higher share of value-added manufacturing. Looking ahead, while gold prices may remain range-bound in the near term, the medium-term outlook remains favourable, supported by structural demand drivers and the ongoing shift towards organised manufacturing. As we move into the final quarter of the year, our focus remains on strengthening execution, enhancing margins and scaling our global presence in a calibrated manner, supported by a healthy order pipeline and improving export traction.”

Operational Performance & Growth Drivers

Sky Gold and Diamonds continues to deliver industry-leading performance, consistently outpacing organized jewellery manufacturers across key operational and financial parameters. Backed by a structurally efficient cost model and disciplined capital deployment, the company remains focused on driving sustainable margin expansion while advancing its global growth agenda.

Key highlights for Q3 FY26 include:

• New Appointments- Appointment of Mr. Virupakshi Kolla as a Non-Executive Independent Director and Mr. Siddharth Sipani as Chief Financial Officer (CFO)
• Inauguration of Dubai Office– Dubai office inaugurated in presence of industry veterans
• Strategic Acquisition-M/s Starmangalsutra Private Limited (WOS) executed a partnership agreement to acquire 51 % partnership interest in Shri Rishabh Gold.
• Launch of 24 carat JewelleryCollection- Created history at the GJS exhibition by launching India’s first ever 24 carat diamond jewellery.

Flipkart Deepens Leadership Bench Across Finance And People Functions

Bengaluru, Feb 10: The Flipkart Group today announced two senior leadership appointments, further strengthening its finance and people capabilities as the company continues to deepen institutional leadership across critical functions. Vipin Kapooria has rejoined Flipkart as Vice President, Business Finance, and Yogita Shanbhag has been appointed Vice President, Human Resources. These appointments build on recent senior leadership additions and reflect Flipkart’s sustained focus on leadership depth, operational rigor, and long-term organisational capability.

As Vice President, Business Finance, Vipin Kapooria will lead business finance across all categories at Flipkart, partnering closely with business teams to drive financial discipline, operational excellence, and sustainable growth. Vipin brings deep institutional knowledge and extensive experience in business finance and strategic leadership. A Chartered Accountant with over 19 years of experience, Vipin has also held senior leadership positions at organisations including OYO, Yum! Brands, and most recently, Blinkit, where he served as Chief Financial Officer.

In her role as Vice President, Human Resources, Yogita Shanbhag will lead the Human Resources function for the OneTech Business Unit, critical to Flipkart’s technology foundation and innovation focus. A seasoned leader with over 20 years of experience at Juniper Networks and Wipro, Yogita most recently scaled Juniper’s India operations into its largest global excellence center. She brings specialized expertise in talent strategy, organizational design, and AI-driven engagement. At Flipkart, she will focus on building organizational resilience and fostering cultural alignment to support the brand’s evolving technology foundation.

Seema Nair, Chief Human Resources Officer, Flipkart, said,

“Building a strong organisation requires sustained focus on leadership, robust systems, and culture. Vipin and Yogita bring the depth of experience that further bolsters our financial and people foundation, ensuring we have the organizational capability to deliver on our long-term growth strategy. Their appointments, alongside the senior leadership additions we have made in recent months, reflect our continued efforts to strengthen organisational capabilities in a way that supports our business ambitions and drives sustained growth across all our operations.”

Vipin Kapooria, Vice President, Business Finance, Flipkart Group, said,

“It is great to return to Flipkart at a time when the company is scaling its businesses by institutionalising strong financial discipline, operational rigor, and a foundation for long-term growth. I look forward to working closely with leadership teams to support growth priorities, strengthen business partnerships, and drive sustainable financial performance.”

Yogita Shanbhag, Vice President, Human Resources, Flipkart Group, said,

“As organisations scale, building strong leadership, culture, and people systems becomes increasingly important. I am pleased to join Flipkart with a focus on strengthening these foundations, and look forward to working with teams to drive people practices that support execution, collaboration, and compliance for sustained success.”

Less, but Better: How Intentional Lighting Is Redefining Modern Homes

The Rise of Intentional Design: Why Homes Are Choosing Fewer, Better Lights

Jaipur : Indian interiors are becoming more deliberate. As design sensibilities evolve, there is a clear shift away from excess toward intention. Lighting, once used liberally to fill spaces, is now being edited with care. Homeowners and designers are choosing fewer fixtures, placed with precision and purpose.

This change reflects a broader transformation in how homes are conceived. Interiors are no longer designed for immediate visual impact alone. They are designed for longevity, comfort, and everyday living.

From More to Meaningful

For years, decorative lighting followed a predictable formula. Multiple fixtures were added to ensure brightness and symmetry, often without questioning their necessity. Today, that approach feels outdated.

Designers are now asking sharper questions. Does this light serve a function? Does it enhance the space? Does it deserve attention? The result is a more thoughtful visual language, where every element contributes to the overall experience of a room.

Intentional lighting does not reject decoration. It refines it. A single chandelier above a dining table or a sculptural pendant in a living area now carries more weight than several smaller fixtures competing for attention.

Why Restraint Feels Luxurious

Modern luxury is increasingly defined by restraint. When a space is not crowded with lighting, the quality of each piece becomes more apparent. Materials, finishes, and proportions are allowed to speak.

“Homeowners today are far more conscious about the choices they make,” says Naman Jain, Founder of Lumeil.
“They are not interested in filling a room with lights. They want each fixture to have a reason to exist. When you choose fewer lights, you automatically choose better ones.”

This approach also creates calmer interiors. Reduced visual noise allows light to be experienced more subtly. Spaces feel composed rather than overstated.

Lighting as a Spatial Anchor

In intentionally designed homes, lighting often becomes a defining element. A single, well placed fixture can establish hierarchy, guide furniture placement, and create a natural focal point.

This is particularly relevant in contemporary Indian homes with open layouts. Instead of using multiple lights to separate zones, designers rely on one or two strong fixtures to create distinction. A dining area, lounge space, or reading corner can be defined through lighting alone.

At Lumeil, this philosophy is reflected in the emphasis on statement pieces that are visually grounded yet versatile. Fixtures are curated to anchor spaces, not overwhelm them.

Planning with Purpose

Another reason behind this shift is the changing design process itself. Lighting decisions are being made earlier, often alongside architectural planning and furniture layouts.

“When lighting is considered from the start, it shapes the entire home,” Jain explains.
“It influences ceiling details, electrical planning, and even circulation. That naturally leads to more intentional choices and fewer unnecessary fixtures.”

This mindset also aligns with how homeowners are investing today. Rather than distributing budgets across many lights, they are choosing to invest in select pieces that offer longevity and design value.

Design That Endures

Perhaps the most compelling aspect of intentional lighting is its ability to age well. Trend driven fixtures tend to feel dated quickly. Thoughtfully chosen lighting, grounded in proportion and placement, remains relevant over time.

As Indian homes continue to mature, the move toward fewer, better lights signals a deeper understanding of design. Lighting is no longer about visibility alone. It is about atmosphere, clarity, and balance.

In this quieter approach, every fixture matters. And in doing so, it proves that the most enduring luxury is not excess, but intention.

Victorinox Sharpens Focus on Serious Swiss Watchmaking in India for 2026

For over 140 years, Victorinox has stood as a global symbol of preparedness, precision and Swiss ingenuity—trusted through its iconic Swiss Army Knife™, watches and travel gear. In 2026, the brand marks a decisive evolution in India, elevating its watch business from a functional accessory to a position of true horological authority.

This transformation is not cosmetic. It is rooted in deep manufacturing expertise, uncompromising engineering and a bold portfolio that firmly establishes Victorinox as a serious Swiss watchmaker in the Indian market. At the centre of this evolution lies Delémont, Switzerland—the heart of Victorinox’s watchmaking excellence.

Built in Delémont: Where Credibility Is Crafted

Since 2016, Victorinox has consolidated every aspect of watchmaking at its 17,800-square-metre Watch Competence Centre in Delémont, located in the Swiss Jura—horology’s spiritual home. Sustainability is integral to the facility, with 2,750 square metres of solar panels generating 500,000 kWh of clean energy annually, combining Swiss heritage with future-ready responsibility.

More than 200 Swiss specialists design, prototype, manufacture, assemble and rigorously test every Victorinox timepiece entirely in-house. From bezels and cases to movement integration and final assembly, quality is owned—not outsourced. Each watch undergoes a meticulous, multi-stage process that can take up to two years, exceeding statutory Swiss-Made standards. For Indian consumers, this means every Victorinox watch is not merely Swiss-made, but Swiss-crafted, Swiss-controlled and Swiss-tested.

Declaring Watchmaking Intent in India

As part of its 2026 India roadmap, Victorinox introduces the campaign “Spend Your Time Wisely”, reinforcing its transition from a reliable timekeeper to a brand defined by horological excellence.

Under the leadership of Debraj Sengupta, Managing Director – Sales & Marketing, and Avirup Mukhopadhyay, Head of Marketing, Victorinox is positioning watches as the emotional and technical core of its future in India. With over 30 years in the watch industry and 15 years at Victorinox India, Sengupta brings deep category credibility, while Mukhopadhyay’s FMCG-driven perspective introduces a disruptive, consumer-centric approach. Together, they aim to redefine the Swiss watch conversation in India.

The 2026 Watch Portfolio: Precision Meets Ambition

Victorinox’s 2026 portfolio showcases Swiss engineering at its finest:

• Air Pro GMT Automatic – Designed for globally mobile professionals, tracking up to three time zones with refined GMT functionality.

• Concept One – Available in automatic and solar-powered variants, offering up to 68 hours of power reserve and 8 months of autonomy without light.

• Dive Pro Collection – ISO 6425-certified professional dive watches with 300-metre water resistance, anti-magnetic protection and extreme durability.

• Square One – A bold square case with automatic movement, introducing a confident, contemporary design language.

A Tribute to India

Recognising India’s love for colour, individuality and confidence, Victorinox introduces renewed editions of two iconic collections:

• Maverick – Reimagined with bolder aesthetics for leaders who set their own path.

• I.N.O.X. Elegant – Legendary toughness meets refined sophistication with interchangeable straps and elevated design.

Together, these collections celebrate India’s dual spirit—resilience and elegance.

As Victorinox steps into 2026, its journey in India is no longer just about heritage. It is about horological legitimacy. From Delémont’s engineering floors to India’s wrists, every Victorinox watch carries a promise of Swiss precision, tested beyond standards and built to be trusted for life.