Goldiam International Opens 21st ORIGEM Store in Jodhpur, Reports Strong Q3 Results

Goldiam International has launched its 21st retail store under the ORIGEM brand for lab-grown diamond jewellery in Jodhpur, Rajasthan. The store opened on March 25, 2026. This expansion is a key step in the company's strategy to boost its direct-to-consumer (B2C) presence and capture more of the growing lab-grown diamond market.

The company also announced strong financial results for the third quarter of fiscal year 2026. Consolidated revenue climbed 18% year-on-year to ₹339.7 crore, while consolidated Profit After Tax (PAT) surged 37% year-on-year to ₹68.4 crore. Lab-grown diamonds comprised 90.5% of Goldiam's export sales in the quarter.

Aggressive Expansion and Funding

Goldiam is pursuing a rapid retail expansion for its ORIGEM brand, aiming for 70 to 90 stores nationwide within the next 18 to 24 months. This ambitious growth is supported by a ₹202 crore Qualified Institutional Placement (QIP) raised in August 2025. The company had targeted having 24 to 26 ORIGEM stores operational by March 2026, underscoring its accelerated rollout pace.

Borivali Store Closure and Relocation

Meanwhile, Goldiam's Borivali West store has been temporarily closed due to ongoing redevelopment of the building. The company is evaluating options for relocating the store to maintain customer access.

Competitive Market Landscape

The ORIGEM brand operates in a competitive lab-grown diamond jewellery sector. Key competitors include major retailers such as Titan Company and Senco Gold, as well as specialized brands like ORRA Fine Jewellery. The market is seeing intense expansion efforts, with companies like GIVA planning to open over 340 stores by March 2026.

Financial Performance Snapshot (Q3 FY26)

• Consolidated Revenue: ₹339.7 crore (18% YoY growth)
• Consolidated Profit After Tax (PAT): ₹68.4 crore (37% YoY growth)
• Lab-grown diamond share in exports: 90.5%

Investor Watchlist

Investors will be keen to see how the new Jodhpur store performs and contributes to ORIGEM's sales. Monitoring the progress of the Borivali West store's relocation and re-opening timeline will also be important. Continued updates on the pace of ORIGEM's expansion and its overall financial impact are key areas of focus.