Financial Performance Highlights

Half Year (H1) FY27 Performance (₹ crore)

  • Revenue from Operations: ₹172.57 (vs. ₹150.38 in H1 FY26) - 14.75% YoY growth
  • EBITDA: ₹18.58 (vs. ₹10.49 in H1 FY26) - 77.18% YoY growth
  • EBITDA Margin: 10.74% (vs. 6.96% in H1 FY26) - 378 basis points improvement
  • Profit After Tax: ₹11.92 (vs. ₹6.32 in H1 FY26) - 88.76% YoY growth
  • PAT Margin: 6.89% (vs. 4.19% in H1 FY26) - 270 basis points improvement
  • Diluted EPS: ₹15.68 (vs. ₹9.07 in H1 FY26) - 72.87% YoY growth

Quarter 2 (Q2) FY27 Performance (₹ crore)

  • Revenue from Operations: ₹87.35 (vs. ₹80.94 in Q2 FY26) - 7.92% YoY growth
  • EBITDA: ₹9.94 (vs. ₹5.39 in Q2 FY26) - 84.62% YoY growth
  • EBITDA Margin: 11.36% (vs. 6.64% in Q2 FY26) - 472 basis points improvement
  • Profit After Tax: ₹6.78 (vs. ₹3.18 in Q2 FY26) - 113.23% YoY growth
  • PAT Margin: 7.75% (vs. 3.92% in Q2 FY26) - 383 basis points improvement
  • Diluted EPS: ₹8.23 (vs. ₹4.57 in Q2 FY26) - 80.25% YoY growth

Strategic Business Expansion

NIBHANA Retail Venture

  • Company has established "NIBHANA" brand through wholly owned subsidiary Golkunda Retail India Private Limited
  • NIBHANA is exclusively focused on lab-grown diamond jewellery
  • Marks company's entry into Indian jewellery retail segment
  • Four retail stores already established at prominent locations in India
  • Plans to establish seven additional retail stores in the near future

Expansion Objectives

  • Strengthen NIBHANA's brand positioning
  • Increase geographical reach
  • Enhance customer engagement across existing and emerging markets
  • Build presence in growing lab-grown diamond jewellery segment
  • Develop scalable retail business in India

Management Commentary

Mr. Kantikumar Dadha, Chairman & Whole-time Director, commented on the results:

  • Strong financial performance in Q2 and H1 FY27 reflecting business progress
  • Focus on strengthening core jewellery business while developing new growth avenues through retail venture
  • Expansion of retail footprint through additional stores planned

Company Background

  • Incorporated in 1990, listed on BSE since 1992 (Scrip Code: 523676)
  • Manufactures and exports diamond-studded gold and fine jewellery
  • Long-standing relationships with leading retail chains across Europe and Middle East
  • Product range includes diamond, gold, gemstone, jadau and lab-grown diamond jewellery
  • Commenced Indian domestic market operations in August 2026 from 5,360 sq. ft. facility in Andheri East, Mumbai
  • Installed capacity: 125-150 kg of jewellery per annum
  • Serves leading retail chains and organised jewellery retailers across major cities

Forward-Looking Statements Disclaimer

Document contains forward-looking statements subject to risks including government actions, economic developments, technological risks, and other factors that could cause actual results to differ materially.