Goldiam International reported a 120% surge in net profit to ₹73.97 crore for the June quarter, driven by strong US demand for lab-grown diamond jewelry. Revenue climbed 54% as the company expanded its 'Origem' retail footprint and optimized operational costs.
Goldiam International Limited delivered a strong performance in the first quarter of fiscal year 2027, with net profit more than doubling compared to the same period last year. The company reported a net profit of ₹73.97 crore, marking a 120.1% increase year-on-year. This growth was supported by a 54.3% rise in consolidated revenue, which reached ₹363.66 crore for the quarter ending June 30, 2026.
The primary driver for this growth continues to be the company's focus on lab-grown diamond (LGD) jewelry. LGDs, which are becoming popular due to their affordability compared to natural diamonds, accounted for approximately 91% of the company's export sales. The US remains the key market for these products, where Goldiam holds a significant B2B presence.
To improve profitability, Goldiam has implemented a dual-casting business model. By manufacturing unfinished jewelry in the US, the company effectively avoids high import tariffs, providing a structural cost advantage. This strategy, combined with a focus on higher-value products like bracelets and necklaces, has helped the company maintain strong margins. As of the latest update, the company operates with a nearly debt-free balance sheet, which provides financial flexibility.
Beyond its export business, Goldiam is scaling its domestic retail presence under the 'Origem' brand. The company had 26 retail stores open as of August 2026 and has laid out plans to reach 100 stores over the next three to four years. While the US continues to be a major revenue contributor, the company is also looking to expand its reach into new international markets, including Australia, Canada, the Middle East, and Israel.
In July 2026, the company rewarded shareholders with a bonus issue of shares in a 1:3 ratio, reflecting confidence in its capital structure. While the results show strong momentum, the company remains exposed to certain risks. A high dependency on the US market means that any slowdown in consumer demand there could impact export revenue. Additionally, the business is sensitive to fluctuations in the prices of gold and diamonds, which can influence profit margins. Investors will be tracking the company’s ability to scale its 'Origem' retail chain profitably while maintaining its competitive edge in the export market through the rest of FY27.