Revenue: ₹2,433 million (up 21% YoY from ₹2,019 million)
EBITDA: ₹583 million (up 35.9% YoY from ₹429 million)
EBITDA Margin: 23.9% (271 bps improvement from 21.2%)
PAT: ₹372 million (up 61% YoY from ₹232 million)
PAT Margin: 15.30% (382 bps improvement from 11.48%)
Diluted EPS: ₹3.30 (up 52.1% YoY from ₹2.17)
Consolidated FY2026 Annual Results:
Revenue: ₹10,212.3 million (up 27.5% YoY from ₹8,006.9 million)
First time crossing ₹10,000 million revenue milestone
EBITDA: ₹2,486.7 million (up 36.2% YoY from ₹1,825.5 million)
EBITDA Margin: 24.3% (155 bps improvement from 22.8%)
PAT: ₹1,705.9 million (up 45.7% YoY from ₹1,171.0 million)
PAT Margin: 16.7% (208 bps improvement from 14.6%)
Diluted EPS: ₹15.4 (up 40.65% YoY from ₹10.97)
Balance Sheet Position:
Cash and Cash Equivalents (including investments): ₹4,933.92 million as at March 31, 2026
Strategic Initiatives & Business Updates
Tariff Agnostic Strategy:
In September 2025, Goldiam began casting raw gold into unfinished jewellery pieces within the United States through its U.S. subsidiary
Alterations are completed on these castings in India (polished & setting processes)
Products receive US Product of Origin designation through rulings from U.S. Customs
This structure makes Goldiam tariff agnostic and provides customers with supply & pricing dependability
Gold Import Duty Impact:
Recent increase in Customs Duty on gold to 15% (10% Basic Customs Duty + 5% cess) will not have any material impact on operations, financial performance, or profitability
Company operates from Special Economic Zone (SEZ)- SEEPZ and continues to avail applicable customs duty exemptions/benefits under prevailing government policies
ORIGEM Retail Expansion:
ORIGEM, Goldiam's India retail lab grown diamond jewellery brand, doubled store count to 24 operational stores across 12 cities in India since January 2026
8 additional ORIGEM stores expected to be operational by September 30, 2026
Q4 FY2026 ORIGEM revenue: ₹55.6 million
Product Innovation:
ORIGEM launched India's first Digital 3D Ring Builder (https://www.ringbuilder.origemindia.com/)
Indigenously developed web-based design platform enabling customers to configure, visualize and order bespoke diamond rings
Features include: 6 ring styles, 9 centre-stone shapes, 6 center stone sizes per shape, sidestone configuration, metal choices (10/14K white, yellow or rose gold), and engraving
Real-time photorealistic 3D rendering with rotation, zoom, and multi-device compatibility
Corporate Action
Bonus Share Issuance:
Board recommended bonus share issuance in ratio of 1:3
One new fully paid-up Equity Share of ₹2 each for every three existing fully paid-up Equity Shares of ₹2 each
Subject to shareholder approval
Management Commentary
Mr. Rashesh Bhansali, Executive Chairman:
Performance underscores long-term strategy to deepen relationships with existing large US B2B customers through innovative designs and speed to market
Company's ability to find sustainable, long-term solutions to business challenges
Rising wallet share among existing retail customers coupled with efforts to penetrate new large retailers
Positive outlook for B2B jewellery exports business
Mr. Anmol Bhansali, Managing Director:
Delivered best ever absolute financial performance despite challenging year with tariff uncertainties, gold volatility and geopolitical nervousness
B2B strength in bridal continues to grow
Plans to test high ASP core jewellery lines in categories such as bracelets and necklaces
ORIGEM expansion focus includes Sales Enablers in store, testing Old Gold Exchange, Payment Schemes and VVS Quality Diamond lines
3D Ring Builder functional both in-store and online to drive sales and customer trust
Commitment to bringing more innovations in the future
