Goldiam International Q2 Results 2025: Revenue Jumps 43%, PAT Surges to ₹314 Million

Goldiam International, a leading name in diamond jewellery manufacturing, reported a strong performance for Q2 FY26, showcasing resilience amid challenges in its key markets. The company has not only achieved remarkable revenue growth but also strengthened profitability, driven by strategic operational focus and growing demand for lab-grown diamond jewellery.

Market Performance

Goldiam International’s consolidated revenues for Q2 FY26 rose 43% YoY to ₹2,019 million, reflecting robust market demand and operational efficiency. The first half of the fiscal year saw revenues climb 41% to ₹4,376 million, signalling strong momentum.

• EBITDA for Q2 FY26 increased by 37%, maintaining a stable EBITDA margin of 21.6% for H1 FY26.
• Profit After Tax (PAT) for Q2 surged 42% YoY to ₹314 million, while H1 PAT rose 47% to ₹650 million.
• Cash and cash equivalents, including investments, stood at a healthy ₹4,639.3 million as of September 30, 2025.

This growth demonstrates Goldiam’s ability to sustain strong margins while navigating market challenges, including global tariffs affecting exports.

Revenue Mix and Exports

Goldiam International’s Q2 performance was supported by a significant contribution from lab-grown diamond jewellery, which now forms 89.9% of total exports, up from 77% in the previous year.

• Online sales accounted for 19.9% of total revenue, reflecting the growing importance of digital channels.
• Around 72% of inventory as of September 30, 2025, was held as finished stock with customers, ready for sale in upcoming months.
• Order book stood at approximately ₹2,000 million, highlighting a strong demand outlook heading into the festive season.

These numbers underscore Goldiam’s focus on high-demand segments and its ability to maintain supply chain efficiency while meeting global customer expectations.

Retail Expansion

Goldiam International continues to expand its retail footprint through its ORIGEM brand. The brand now operates 11 stores across Mumbai, Noida, and Bengaluru, with plans to open 15–18 more stores by March 31, 2026.

• ORIGEM revenue in Q2 FY26 reached ₹28 million, despite a smaller store count.
• By year-end, the company aims to have 20–25 operational stores, strengthening its presence in North and South India.

This expansion supports Goldiam’s strategy of directly reaching end consumers, complementing its B2B business and online channels.

Operational Highlights

Despite challenges such as US tariff disruptions, Goldiam International leveraged strategic solutions to sustain growth:

• The company implemented a US Customs Ruling, mitigating business interruptions for roughly 30 days.
• Continued focus on improving wallet share among buyers helped drive over 40% growth in revenue and profits.
• Strong order book of ₹2,000 million positions the company to meet festive demand in the US during Q3 FY26.

These operational strategies demonstrate the company’s agility and resilience in a complex international market.

Summary

Goldiam International’s Q2FY26 results highlight its strong revenue growth, robust profitability, and strategic market expansion.

Key takeaways from Q2 FY26:

• Revenue: ₹2,019 million, up 43% YoY
• H1 Revenue: ₹4,376 million, up 41% YoY
• EBITDA: Up 37%, H1 margin 21.6%
• PAT: ₹314 million for Q2, ₹650 million for H1
• Lab-grown diamond exports: 89.9% of total exports
• Online revenue: 19.9% of total revenue
• Order book: ₹2,000 million
• Retail stores (ORIGEM): 11 operational, 15–18 more planned

Goldiam International continues to strengthen its presence in the diamond jewellery market, expanding both globally and domestically while maintaining solid financial health.