SHANTIGOLD Q2 FY27 Guidance vs Delivery (SHANTIGOLD Management Mirror)

H1 FY27 Revenue Reaches INR 1,462.3 Crore; FY27 Value Guidance Reaffirmed but Volumes Cut from Jun'26 Qtr

In Sep'26 Qtr results, revenue reached INR 746 crore (up 73.4% YoY), bringing H1 FY27 to INR 1,462.3 crore. Against the initial FY27 revenue guidance of INR 3,000 to INR 3,500 crore with 30% to 40% volume growth issued in Mar'26 Qtr and reaffirmed in Jun'26 Qtr, management has reaffirmed the revenue target at approximately INR 3,200 crore to INR 3,500 crore but downgraded the FY27 volume growth guidance to 25% to 30%. Management remains confident in achieving this 50% to 60% value growth range despite recent gold price corrections.