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GOLDIAM - Goldiam Intl.

📊 NSE: GOLDIAM 🏢 Diamond Cutting / Jewellery 📅 Last Updated: 12/13/2025 22:30

📢 Recent Corporate Announcements

Goldiam International Announces Inter-se Promoter Share Transfer via Gift

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 12 Mar 2026, 03:38 PM

Goldiam International Limited has disclosed an inter-se transfer of equity shares within its promoter group. The transaction involves shares previously held solely by Mrs. Shobhnaben Manharkumar Bhansali, which are now held jointly with Mr. Rashesh Manhar Bhansali. This transfer was executed as an off-market gift and falls under the exemption provided by SEBI (SAST) Regulations. Since the overall promoter holding remains unchanged, this is a procedural restructuring of holdings.

Inter-se transfer of shares within the Promoter Group executed via off-market gift.
Shares previously held solely by Mrs. Shobhnaben Bhansali are now held jointly with Mr. Rashesh Bhansali.
Mrs. Shobhnaben Manharkumar Bhansali remains the first holder of the transferred shares.
The transaction is exempt under Regulation 10(1)(a)(i) of SEBI (SAST) Regulations.

💡 No action is required as this is a routine internal restructuring of promoter holdings with no impact on company fundamentals or total promoter stake.

Goldiam International: Promoter Group to Transfer 4.69% Stake via Inter-se Gift

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 02 Mar 2026, 04:16 PM

Goldiam International has announced a proposed inter-se transfer of 52,98,118 equity shares, representing 4.69% of the company's share capital, within the promoter group. The transaction involves converting the sole holding of Mrs. Shobhnaben Manharkumar Bhansali into a joint holding with her son, Mr. Rashesh Manhar Bhansali, via a gift deed. As this is an off-market transfer between immediate relatives, it is exempt from open offer requirements under SEBI regulations. There will be no change in the total promoter shareholding or the management control of the company following this transaction.

Proposed transfer of 52,98,118 equity shares, equivalent to 4.69% of the total share capital.
Transaction is an inter-se gift from Mrs. Shobhnaben Manharkumar Bhansali to a joint account with Mr. Rashesh Manhar Bhansali.
The acquisition is scheduled to occur on or after March 10, 2026, through an off-market transaction.
Total aggregate promoter and promoter group shareholding remains unchanged post-transaction.
Exempt from open offer obligations under Regulation 10(1)(a)(i) of SEBI SAST Regulations.

💡 This is a routine internal restructuring of promoter holdings for personal or succession planning. Investors should view this as a neutral event as it does not impact the company's operations, financials, or overall promoter commitment.

Goldiam International Opens 17th Lab-Grown Diamond Store in Bengaluru

🟢 POSITIVE ⭐ 6/10

EXPANSION 📅 26 Feb 2026, 01:28 PM

Goldiam International has launched its 17th retail store for lab-grown diamond jewellery under the brand name 'ORIGEM' at Nexus Koramangala Mall, Bengaluru. This expansion is part of the company's long-term strategy to increase its direct-to-consumer footprint in the high-growth lab-grown diamond segment. While expanding in Bengaluru, the company also noted the closure of its Borivali West store due to building redevelopment, with plans to relocate to a higher footfall area. The move reinforces Goldiam's focus on high-margin retail operations across major Indian metropolitan hubs.

Opened the 17th retail store for lab-grown diamond jewellery under the 'ORIGEM' brand.
New store is located at Nexus Koramangala Mall, Bengaluru, strengthening presence in South India.
The retail network now spans major cities including Mumbai, Delhi, Noida, Chandigarh, Kolkata, and Chennai.
Management is actively evaluating relocation options for the recently closed Borivali West store to ensure higher footfall.

💡 Investors should track the revenue contribution from the 'ORIGEM' brand as the company pivots toward high-margin lab-grown diamond retail. The steady pace of store openings indicates strong execution of their retail expansion strategy.

Goldiam International Opens 16th 'ORIGEM' Lab-Grown Diamond Store in Bengaluru

🟢 POSITIVE ⭐ 6/10

EXPANSION 📅 13 Feb 2026, 05:17 PM

Goldiam International has expanded its retail footprint by opening its 16th store dedicated to lab-grown diamond jewellery under the brand name 'ORIGEM'. The new store is located at Nexus Whitefield Mall in Bengaluru, a strategic high-footfall location. This move is part of the company's long-term strategy to transition into the high-margin lab-grown diamond retail segment. While the Borivali store was recently closed due to building redevelopment, the company is actively seeking a replacement location to maintain its presence.

Opened 16th retail store for lab-grown diamond jewellery under the 'ORIGEM' brand on February 13, 2026.
Strategic location at Nexus Whitefield Mall, Bengaluru, targeting high-end retail consumers.
Retail network now spans major cities including Mumbai, Noida, Chandigarh, Delhi, Kolkata, and Chennai.
Borivali store closed for redevelopment; company is evaluating new locations with higher footfall for relocation.
The expansion aligns with the company's focus on strengthening customer engagement in the lab-grown diamond market.

💡 Investors should view this as a positive step in Goldiam's shift toward high-margin retail; monitor the revenue contribution and store-level profitability of the 'ORIGEM' brand in upcoming quarterly results.

Goldiam International Opens 15th Lab-Grown Diamond Store 'ORIGEM' in Chennai

🟢 POSITIVE ⭐ 6/10

EXPANSION 📅 12 Feb 2026, 03:41 PM

Goldiam International has announced the opening of its 15th retail store for lab-grown diamond jewellery under the brand name 'ORIGEM' at Phoenix Marketcity Mall, Chennai. This move marks a strategic expansion into the South Indian market, following recent openings in cities like Bengaluru, Noida, and Kolkata. While expanding, the company also noted the closure of its Borivali West store due to building redevelopment, with plans to relocate to a higher-footfall area. The expansion reflects Goldiam's shift towards high-margin retail operations in the lab-grown diamond segment.

Opening of the 15th retail store under the 'ORIGEM' brand on February 12, 2026.
New store located at Phoenix Marketcity Mall, Chennai, targeting high-footfall premium customers.
Retail footprint now spans major hubs including Mumbai, Bengaluru, Noida, Delhi, and Chandigarh.
Borivali West store closed for redevelopment; company is actively seeking a new high-traffic location.
Strategic focus remains on expanding the lab-grown diamond (LGD) retail presence across India.

💡 Investors should view this expansion as a positive step toward scaling high-margin retail sales in the lab-grown diamond category. Monitor the company's quarterly retail segment growth to assess the ROI of these new store launches.

Goldiam International Releases Audio Recording of Q3 FY26 Earnings Call

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 10 Feb 2026, 06:33 PM

Goldiam International has officially released the audio recording of its earnings conference call held on February 10, 2026. The call discussed the company's unaudited standalone and consolidated financial results for the third quarter and the nine-month period ended December 31, 2025. This filing is a standard regulatory requirement under SEBI (LODR) Regulations to ensure all investors have access to management discussions. The recording provides insights into the company's performance in the gems and jewellery sector during the fiscal year 2025-26.

Earnings call conducted on February 10, 2026, at 4:00 PM IST.
Covers financial performance for the quarter and nine months ended December 31, 2025.
Audio recording link made available on the company's official website for public access.
Compliance with Regulation 30(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

💡 Investors should listen to the recording to understand management's guidance on the lab-grown diamond segment and export market trends.

Goldiam International Declares ₹2.75 Interim Dividend; Details TDS Procedures

🟢 POSITIVE ⭐ 7/10

DIVIDEND 📅 09 Feb 2026, 06:48 PM

Goldiam International has declared an interim dividend of ₹2.75 per equity share for the financial year 2025-26. The record date to determine eligibility for this payout is fixed as February 12, 2026. The company has issued a detailed communication regarding Tax Deduction at Source (TDS), outlining rates ranging from 0% to 30% depending on the shareholder's category and documentation provided. This announcement ensures shareholders are informed about the net dividend they will receive after tax obligations.

Interim dividend of ₹2.75 per equity share (face value ₹2) declared for FY 2025-26
Record date for dividend eligibility is set for Thursday, February 12, 2026
Standard TDS of 10% for resident shareholders with PAN if dividend exceeds ₹10,000
Higher TDS rate of 20% applicable for shareholders without a valid PAN or unlinked Aadhaar
Non-resident shareholders may access lower tax rates under DTAA by providing Tax Residency Certificates

💡 Shareholders should ensure their PAN and Aadhaar are linked and updated with their DP to avoid 20% TDS. Eligible individuals should submit Form 15G/15H via the provided RTA link to receive the dividend without tax deduction.

Goldiam Q3 PAT Jumps 37% to ₹684 Million; Declares ₹2.75 Interim Dividend

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 07 Feb 2026, 02:00 PM

Goldiam International delivered a robust performance in Q3 FY2026, with consolidated PAT growing 37% YoY to ₹684 million and revenue rising 18% to ₹3,397 million. The Board declared a first interim dividend of ₹2.75 per share, representing a 137.50% payout on face value, with a record date of February 12, 2026. Growth was primarily fueled by Lab Grown Diamond (LGD) jewellery, which now constitutes 90.5% of the export mix. The company is also scaling its domestic B2C brand, ORIGEM, having signed LOIs for 20 new stores during the quarter.

Consolidated PAT for Q3 FY26 increased by 37% YoY to ₹684 million, while 9M FY26 PAT rose 42% to ₹1,333.6 million.
Declared an interim dividend of ₹2.75 per equity share (Face Value ₹2) with the record date fixed as February 12, 2026.
EBITDA margins improved significantly by 210 bps YoY to 26.7% in Q3 FY26.
Lab Grown Diamond jewellery exports reached 90.5% of the total export sales mix, up from 80% in the previous year.
Aggressive retail expansion underway with 20 new LOIs signed for ORIGEM stores, targeting 24-26 operational stores by March 2026.

💡 Investors should take note of the significant margin expansion driven by the shift to Lab Grown Diamonds and the company's aggressive domestic retail foray. The strong dividend payout and healthy order book of ₹1,800 million suggest continued momentum.

Goldiam International Sets Feb 12, 2026, as Record Date for 1st Interim Dividend FY26

🟢 POSITIVE ⭐ 6/10

DIVIDEND 📅 07 Feb 2026, 01:59 PM

Goldiam International Limited has officially fixed February 12, 2026, as the record date for its first interim dividend for the financial year 2025-26. This date will determine the eligibility of shareholders to receive the dividend payout. The dividend will be paid to those holding shares in electronic form via NSDL/CDSL or in physical form as of the close of business on the record date. This announcement follows the company's regulatory compliance under SEBI Listing Obligations.

Record date for the 1st Interim Dividend of FY 2025-26 is fixed for February 12, 2026.
Eligibility applies to shareholders appearing in NSDL/CDSL beneficial ownership data as of the record date.
The announcement is made pursuant to Regulation 42 of the SEBI (LODR) Regulations, 2015.

💡 Investors seeking to qualify for the dividend should ensure they purchase or hold the shares before the ex-dividend date, which is typically one working day prior to the record date. Existing shareholders should verify that their bank account details are updated in their demat accounts for seamless credit.

Goldiam Q3 PAT Jumps 37% YoY to ₹684 Mn; Declares ₹2.75 Interim Dividend

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 07 Feb 2026, 01:58 PM

Goldiam International reported a strong Q3 FY26 with consolidated revenue growing 18% YoY to ₹3,397 million and PAT surging 37.4% to ₹684 million. The company has successfully transitioned to a Lab-Grown Diamond (LGD) focused model, with LGDs now accounting for 90.5% of export revenue compared to 80% last year. Retail expansion under the 'ORIGEM' brand is accelerating, with 20 new store LOIs signed and a target of 24-26 stores by March 2026. The board has recommended an interim dividend of ₹2.75 per share, backed by a robust cash position of ₹5,041 million.

Consolidated PAT for Q3 FY26 rose 37.4% YoY to ₹684 Mn, while 9M FY26 PAT grew 42% to ₹1,334 Mn
Lab-Grown Diamond (LGD) jewellery now constitutes 90.5% of export revenue, up from 80% in the previous year
EBITDA margins improved to 26.7% in Q3 FY26 from 24.6% in Q3 FY25 due to higher LGD realisations
The company maintains a strong order book of ₹1,800 Mn and a cash surplus of ₹5,041.3 Mn as of Dec 2025
Retail brand ORIGEM plans to reach 24-26 stores by FY26-end, with 20 new locations already finalized via LOIs

💡 Investors should monitor the successful scaling of the ORIGEM retail brand and the continued margin expansion from the LGD segment. The stock remains attractive for those seeking exposure to the high-growth lab-grown diamond market and consistent dividend payouts.

Goldiam Q3 PAT Rises 37% to ₹684 Mn; Declares ₹2.75 Dividend & Expands Retail Footprint

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 07 Feb 2026, 01:55 PM

Goldiam International delivered a robust performance in Q3 FY26, with consolidated revenue up 18% to ₹3,397 million and PAT surging 37% to ₹684 million. The company's strategic pivot to Lab Grown Diamonds (LGD) is yielding high returns, with LGD now comprising over 90% of exports and contributing to a 210 bps expansion in EBITDA margins. Management is aggressively scaling its domestic B2C brand 'ORIGEM' by signing 20 new store LOIs, aiming for 24-26 stores by fiscal year-end. With an interim dividend of ₹2.75 and a cash reserve of ₹5,041 million, the company demonstrates strong capital allocation alongside growth.

Consolidated PAT for Q3 FY26 rose 37% YoY to ₹684 million; 9M FY26 PAT grew 42% to ₹1,334 million.
Lab Grown Diamond (LGD) jewellery exports reached 90.5% of the export mix, up from 80% in Q3 FY25.
EBITDA margins expanded by 210 bps to 26.7% in Q3 FY26, driven by higher LGD and online sales contribution (31.6%).
Announced an interim dividend of ₹2.75 per share with a strong cash and investment position of ₹5,041 million.
Signed LOIs for 20 new ORIGEM stores, targeting a total of 24-26 operational stores by March 2026.

💡 Investors should favor the company's successful transition into the high-margin Lab Grown Diamond segment and its aggressive domestic retail expansion. The combination of strong earnings growth, margin expansion, and consistent dividend payouts makes it a compelling watch in the gems and jewellery sector.

Goldiam Q3 PAT Jumps 37% YoY to ₹684M; Declares ₹2.75 Interim Dividend

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 07 Feb 2026, 01:48 PM

Goldiam International reported a strong Q3 FY26 with consolidated revenue growing 18% YoY to ₹3,397 million and PAT increasing 37% to ₹684 million. The company's strategic shift towards Lab Grown Diamonds (LGD) is yielding results, with LGD exports now comprising 90.5% of the total export mix. A 1st interim dividend of ₹2.75 per share was declared, backed by a robust cash and investment position of ₹5,041.3 million. Furthermore, the company is aggressively expanding its domestic B2C brand 'ORIGEM' with 20 new LOIs signed for store openings across India.

Consolidated PAT grew 37% YoY to ₹684 million in Q3 FY26, with EBITDA margins expanding by 210 bps to 26.7%.
Lab Grown Diamond (LGD) jewellery exports now account for 90.5% of the total export mix, up from 80% in Q3 FY25.
Declared a 1st interim dividend of ₹2.75 per share (137.5% of face value) with a record date of February 12, 2026.
Signed LOIs for 20 additional ORIGEM stores, targeting 24-26 operational stores by the end of FY26.
Order book remains healthy at approximately ₹1,800 million as of December 31, 2025.

💡 Investors should note the significant margin expansion and the successful pivot to high-margin Lab Grown Diamonds as key value drivers. The aggressive domestic retail expansion via the ORIGEM brand offers a promising new growth vertical alongside the core US export business.

Goldiam International to Discuss Q3FY26 Results in Earnings Call on Feb 10, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 05 Feb 2026, 12:39 PM

Goldiam International Limited has scheduled its post-result earnings conference call for Tuesday, February 10, 2026, at 4:00 p.m. IST. The management, including the Managing Director and Executive Director, will discuss the financial performance for the quarter and nine months ended December 31, 2025. This call provides a platform for institutional investors and analysts to gain insights into the company's operational trajectory. The session is being hosted by Monarch Networth and includes international dial-in options.

Conference call scheduled for February 10, 2026, at 4:00 p.m. IST.
Management to discuss financial results for Q3 and 9M ended December 31, 2025.
Key attendees include Executive Director Rashesh Bhansali and MD Anmol Bhansali.
International dial-in numbers available for investors in Hong Kong, Singapore, UK, and USA.

💡 Investors should monitor the call for management commentary on export demand and the performance of the lab-grown diamond segment. No immediate trading action is required based on this scheduling notice.

Goldiam International Secures Rs 80 Crore Export Orders for Lab-Grown Diamond Jewellery

🟢 POSITIVE ⭐ 7/10

EXPANSION 📅 04 Feb 2026, 01:39 PM

Goldiam International has secured new export orders worth Rs 80 crores from international clients in the USA and Middle East. The orders are specifically for the manufacturing and export of lab-grown diamond-studded gold jewellery, a high-margin segment for the company. These orders are expected to be fulfilled by April 30, 2026, providing strong revenue visibility for the first half of the year. Notably, this order value is exclusive of the company's regular online sales, indicating additional growth momentum.

Received new export orders totaling Rs 80 crores for lab-grown diamond jewellery.
Orders sourced from international clients based in the USA and Middle East.
Execution timeline set for completion on or before April 30, 2026.
The reported order value is exclusive of the company's existing online sales channel.

💡 Investors should view this as a positive development reinforcing Goldiam's leadership in the lab-grown diamond space; the stock remains a key play in the high-margin jewellery export segment.

Goldiam International Opens 14th 'ORIGEM' Lab-Grown Diamond Store in Kolkata

🟢 POSITIVE ⭐ 6/10

EXPANSION 📅 03 Feb 2026, 12:05 PM

Goldiam International has launched its 14th retail store for lab-grown diamond jewellery under the brand name 'ORIGEM' at South City Mall, Kolkata. This opening marks a strategic expansion into the Eastern Indian market, adding to its existing presence in Mumbai, Bengaluru, Noida, Chandigarh, and Delhi. The company is focusing on the high-margin lab-grown diamond retail segment to drive growth. Additionally, the company noted the closure of its Borivali store due to building redevelopment, with plans to relocate to a higher footfall location.

Opening of the 14th retail store under the 'ORIGEM' brand on February 3, 2026.
Strategic location at South City Mall, Kolkata, targeting premium retail consumers.
Retail footprint now spans major hubs including Mumbai, Noida, Bengaluru, and Delhi.
Focus on lab-grown diamonds (LGD) aligns with high-growth, sustainable luxury trends.
Relocation of Borivali store underway to optimize for higher customer footfall.

💡 Investors should track the scaling of the 'ORIGEM' brand as the shift toward high-margin B2C retail in lab-grown diamonds could significantly improve EBITDA margins. Monitor quarterly retail sales growth to gauge the success of this expansion strategy.

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💰 Financial Performance

Revenue Growth by Segment

Jewellery manufacturing contributed 97.30% of standalone turnover in FY25. Consolidated revenue for FY25 reached INR 800.6 Cr, a 29.54% increase from INR 616.8 Cr in FY24. H1 FY26 revenue grew 40.8% YoY to INR 437.6 Cr.

Geographic Revenue Split

The USA remains the prime export destination. B2B export revenue is the primary driver, with Lab-Grown Diamond (LGD) jewellery now accounting for 90% of Q2 FY26 export revenue, up from 77% in Q2 FY25.

Profitability Margins

PAT margins remained stable at 14.6% in FY25 and 14.8% in H1 FY26. Consolidated Profit Before Tax (PBT) for FY25 was INR 172.5 Cr, representing a 41.3% increase over the previous year's INR 122.1 Cr.

EBITDA Margin

EBITDA margin for FY25 was 22.4% (INR 179.2 Cr). H1 FY26 EBITDA margin stood at 21.6% (INR 94.5 Cr). Management provides a steady-state EBITDA guidance range of 18% to 22%.

Capital Expenditure

The company raised INR 202.05 Cr through a Qualified Institutional Placement (QIP) in late 2025 for growth. Domestic retail expansion via ORIGEM stores requires INR 3.5 Cr to INR 4 Cr per store in capital and inventory.

Credit Rating & Borrowing

The company utilizes Gold Metal Loans (GMLs) to defer gold payments by 6 months, optimizing working capital. Specific credit ratings and interest rate percentages were not disclosed in the documents.

⚙️ Operational Drivers

Raw Materials

Gold (representing 30% to 50% of the finished product cost), Lab-Grown Diamonds (LGD), and Natural Diamonds.

Import Sources

The company operates a US subsidiary for initial casting to establish 'US Product of Origin,' with finishing and diamond setting occurring in India (SEEPZ, Mumbai).

Capacity Expansion

The business model is designed for scalability without rebuilding systems. Domestic expansion involves opening ORIGEM stores with a target payback period of less than 3 years at INR 40 lakhs monthly sales.

Raw Material Costs

Gold price volatility is a major risk as it constitutes up to 50% of COGS. Inventory for a single ORIGEM store includes INR 1.2 Cr to INR 1.5 Cr in gold value alone.

Manufacturing Efficiency

Consolidated revenues increased 43% YoY in Q2 FY26 despite a 30-day operational disruption, indicating high throughput efficiency and strong demand absorption.

Logistics & Distribution

The company employs an omnichannel strategy including in-store and online sales. Online sales accounted for 20% of Q2 FY26 revenue.

📈 Strategic Growth

Expected Growth Rate

15-20%

Growth Strategy

Growth will be driven by increasing wallet share with US corporate customers, transitioning the export mix to 90% Lab-Grown Diamonds which offer better margins, and scaling the domestic ORIGEM retail brand in India. The company is also targeting US 'mom-and-pop' stores through its 'Jewel Fleet' model.

Products & Services

Gold, silver, and diamond jewellery (Natural and Lab-Grown), and investment activity.

Brand Portfolio

ORIGEM (Lab-Grown Diamond retail), Jewel Fleet (B2B distribution).

New Products/Services

Aggressive push into Lab-Grown Diamond (LGD) jewellery, which grew from 77% to 90% of export value YoY in Q2.

Market Expansion

Expansion of the ORIGEM retail footprint in India and deepening penetration in the US corporate B2B jewellery market.

🌍 External Factors

Industry Trends

The industry is rapidly shifting toward Lab-Grown Diamonds (LGD). Goldiam has transitioned from a natural diamond company to a major LGD supplier, with LGD now 90% of export revenue.

Competitive Landscape

Large Indian jewellery players are entering the LGD segment, increasing competition in the domestic market.

Competitive Moat

The primary moat is the integrated supply chain and the 'US Product of Origin' ruling from US Customs, which provides a 15-25% cost advantage over competitors facing full tariffs. This is sustainable due to the company's established US subsidiary infrastructure.

Macro Economic Sensitivity

Projected India GDP growth of 6.4% in FY26 and easing food inflation are expected to boost discretionary consumption for jewellery.

Consumer Behavior

Shift toward LGD for better value-for-money and discretionary consumption, supported by tax incentives in the Union Budget 2025-26.

Geopolitical Risks

Global trade uncertainties and potential US tariff actions are cited as primary headwinds for the export-heavy business.

⚖️ Regulatory & Governance

Industry Regulations

Operations are governed by US Customs rulings for 'Product of Origin' and SEEPZ export regulations in India. Compliance with SEBI (LODR) and Ind AS is maintained.

Environmental Compliance

The Risk Management Committee monitors ESG (Environmental, Social, and Governance) related risks as part of its formal mandate.

Taxation Policy Impact

The company follows a 14.6% to 14.8% effective PAT margin profile; specific tax rates were not disclosed.

⚠️ Risk Analysis

Key Uncertainties

Bullion risk (gold price volatility) and US trade policy changes are the most significant uncertainties, potentially impacting margins by 2-4% if not managed.

Geographic Concentration Risk

High geographic concentration in the USA, making the company vulnerable to US economic slowdowns or tariff hikes.

Third Party Dependencies

Dependence on US Customs rulings to maintain the tariff-mitigated 'Product of Origin' status for its jewellery.

Technology Obsolescence Risk

The company is mitigating technology risk by aggressively adopting LGD manufacturing technology, moving away from the stagnating natural diamond segment.