Golkunda Diamonds Reports Strong Q2 Profit Growth

Revenue from operations reached Rs 87.35 crore for the quarter ended September 30, 2026, while net profit rose to Rs 6.78 crore.

Reader Takeaway: Robust profit surge driven by core business, with a strategic retail push into the lab-grown diamond segment.

What just happened

Golkunda Diamonds & Jewellery Ltd has released its financial results for the quarter and half-year ended September 30, 2026. The company reported a significant improvement in profitability, with half-year net profit climbing to Rs 11.92 crore from Rs 6.32 crore in the previous year. Revenue for the half-year stood at Rs 172.57 crore, up from Rs 150.38 crore in the corresponding period.

Why this matters

The company is signaling a major shift in its business model through its subsidiary, Golkunda Retail India Private Limited. By focusing on the NIBHANA brand, the company is positioning itself to capture demand in the lab-grown diamond jewellery market. Investors are watching this pivot as it marks the company’s transition toward direct-to-consumer retail.

Retail Expansion

Currently, the company operates four stores under the NIBHANA brand. The board has approved an expansion plan to add seven additional retail outlets. This move is aimed at increasing market reach and diversifying revenue streams beyond the wholesale business.

Risks to watch

While profit margins have expanded, the company faces execution risks associated with the rapid rollout of seven new retail stores. The success of the NIBHANA brand in a competitive lab-grown diamond market remains a key factor for future margin stability.

What to track next

Shareholders should monitor the timeline for the new store openings and the contribution of these retail assets to the company’s bottom line in the coming quarters.