Date: November 7, 2026

Financial Performance Overview

Goldiam International reported strong consolidated financial results for Q2 FY2027 and H1 FY2027 ended September 30, 2026.

Quarterly Performance (Q2 FY2027)

  • Revenue: ₹2916.6 million, up 44% YoY from ₹2019 million in Q2 FY2026
  • EBITDA: ₹736 million, up 55.3% YoY from ₹474 million
  • EBITDA Margin: 25.24%, improved by 176 basis points from 23.48%
  • PAT: ₹494 million, up 58% YoY from ₹314 million
  • PAT Margin: 16.94%, improved by 141 basis points from 15.53%
  • Diluted EPS: ₹2.96 (adjusted post bonus shares issue), up 3.9% from ₹2.85

Half-Yearly Performance (H1 FY2027)

  • Revenue: ₹6553.2 million, up 49.8% YoY from ₹4376.0 million
  • EBITDA: ₹1775.3 million, up 87.8% YoY from ₹945.4 million
  • EBITDA Margin: 27.1%, improved by 550 basis points from 21.6%
  • PAT: ₹1233.7 million, up 89.9% YoY from ₹649.7 million
  • PAT Margin: 18.8%, improved by 398 basis points from 14.8%
  • Diluted EPS: ₹9.5, up 58.5% from ₹6.00

Business Segment Performance

Export Sales Mix

  • Lab Grown Diamond jewellery exports contributed 91.2% to overall export sales mix during Q2 FY27
  • This represents an increase from 90% contribution in Q2 FY26

Channel Performance

  • Online revenue accounted for 19.4% of total revenue during Q2 FY27

Order Book and Liquidity

  • Order book position as on September 30, 2026: approximately ₹2250 million
  • Cash and Cash Equivalents (including investments): ₹4578.25 million as at September 30, 2026

Dividend Declaration

The Board of Directors declared first interim dividend of 100% i.e. ₹2 per equity share of ₹2 each

  • Total dividend amount: ₹301.11 million

ORIGEM Retail Business Update

Store Operations

  • 29 operational ORIGEM stores selling lab grown diamond jewellery across key cities
  • Q2 FY2027 revenue from ORIGEM stores: ₹113 million

Sales Initiatives

  • Introduced India's first Digital 3D Ring Builder
  • Launched lab grown diamond jewellery in 9 KT gold
  • Implemented Old Gold Exchange scheme across all stores
  • Expanded Life-Time Exchange program to 110% of prevailing Diamond Rate

Management Commentary

Mr. Rashesh Bhansali, Executive Chairman

  • Attributed Q2 performance to well-entrenched relationships with global customers (jewellery retailers)
  • Noted that over 40% topline growth comes during US retailer vendor base consolidation
  • Indicated Goldiam is gaining wallet share as a key beneficiary
  • Confirmed over 90% of revenue consistently comes from Lab Grown Diamond (LGD) Jewellery
  • Stated shift toward LGD over mined diamond jewellery is definitive in the US market
  • Highlighted Goldiam's early adoption of the LGD trend

Mr. Anmol Bhansali, Managing Director

  • Emphasized strength of Goldiam's business model: design led, omni-channel, highly efficient, cost effective execution
  • Noted current model helps sustain revenue growth and profitability in B2B operations
  • Outlined future plans: building new customer relationships within US and expanding to newer geographies
  • On B2C front: expanding ORIGEM brand footprint with additional instore sales enablers and design programs for superior customer experience

Company Background

Goldiam International Limited (NSE: GOLDIAM, BSE: 526729) is a more than 3-decade-old preferred OEM partner and exporter of diamond jewellery. The company functions as manufacturer to leading global branded retailers, departmental stores and wholesalers across American markets. The company utilizes responsibly sourced diamonds, cutting-edge technologies and efficient manufacturing processes. Target market: mid-to-affordable diamond & bridal jewellery segments. Operations include dedicated sales office in New York and design teams in both India and USA. Recent foray into India retail for lab grown diamond jewellery under ORIGEM brand with aim to become India's largest lab grown diamond jewellery brand.