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GOLDIAM - Goldiam Intl.

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

📢 Recent Corporate Announcements

Goldiam International Opens New ORIGEM Store in Mumbai; Total Store Count Reaches 24

🟢 POSITIVE ⭐ 6/10

EXPANSION 📅 13 Apr 2026, 03:23 PM

Goldiam International has commenced operations of a new retail store for its lab-grown diamond brand, ORIGEM, at Infiniti Mall, Malad, Mumbai, as of April 13, 2026. This new outlet replaces the previously closed Borivali store, which was shut down due to building redevelopment. The relocation to a high-footfall mall is a strategic move intended to capture better business potential and enhance customer engagement. Following this opening, the company's total count of fully operational retail stores has reached 24.

New ORIGEM retail store opened at Infiniti Mall, Malad, on April 13, 2026
The store replaces the Borivali location which was closed due to building redevelopment
Total number of fully operational retail stores now stands at 24
Strategic shift to high-footfall mall locations to boost lab-grown diamond jewellery sales

💡 Investors should view this as a positive step in Goldiam's transition toward a high-margin B2C retail model in the lab-grown diamond segment. Monitor the company's ability to scale the ORIGEM brand across premium locations to drive future revenue growth.

Goldiam International Expands Retail Footprint with 24th ORIGEM Store in Faridabad

🟢 POSITIVE ⭐ 6/10

EXPANSION 📅 09 Apr 2026, 05:53 PM

Goldiam International has announced the opening of its 24th retail store for lab-grown diamond jewellery under the brand name 'ORIGEM' in Faridabad. The new outlet is located at the Mall of Faridabad and opened to the public on April 9, 2026. This expansion is part of the company's long-term strategy to increase its direct-to-consumer presence in the high-margin lab-grown diamond segment. Additionally, the company noted the closure of its Borivali store due to building redevelopment, with plans to relocate to a high-footfall area.

Opened 24th retail store under the 'ORIGEM' brand on April 9, 2026
New store is strategically located at Mall of Faridabad, Haryana
Retail network now covers major hubs including Mumbai, Bengaluru, Delhi, and Hyderabad
Company is actively relocating its Borivali store to a higher footfall location following building redevelopment

💡 Investors should view this as a positive step in Goldiam's transition toward a branded retail player in the lab-grown diamond space. Monitor the revenue contribution from the ORIGEM brand in upcoming quarterly results to gauge the success of this retail expansion.

Goldiam International Reports Resignation and Retirement of Two Senior Management Personnel

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 01 Apr 2026, 11:00 AM

Goldiam International Limited has announced changes to its Senior Management Personnel (SMP) effective from the close of business on March 31, 2026. Mr. Nilesh Chodankar, the HR Manager, has resigned to pursue better growth prospects, with no other material reasons cited. Additionally, Mr. Bhavesh Meghani, the Works Manager, has retired from the company's services. These changes were disclosed in compliance with Regulation 30 of SEBI (LODR) Regulations.

Mr. Nilesh Chodankar resigned as Manager-HR (SMP) effective March 31, 2026
Mr. Bhavesh Meghani retired as Works Manager (SMP) effective March 31, 2026
The company confirmed there are no material reasons for the HR Manager's resignation other than career growth
Both departures were finalized at the closing of business hours on the final day of the 2025-26 fiscal year

💡 These are routine management changes at the departmental level and do not impact the core business strategy. Investors should monitor for the appointment of successors to ensure smooth operational continuity in HR and factory management.

Goldiam International Opens 21st 'ORIGEM' Lab-Grown Diamond Store in Jodhpur

🟢 POSITIVE ⭐ 6/10

EXPANSION 📅 25 Mar 2026, 03:33 PM

Goldiam International has reached a milestone by opening its 21st retail store for lab-grown diamond (LGD) jewellery under the 'ORIGEM' brand. The new store is located in Jodhpur, Rajasthan, marking a continued push into the domestic Indian retail market. While expanding, the company also noted the temporary closure of its Borivali store due to building redevelopment, with relocation plans in progress. This expansion aligns with Goldiam's strategy to capture higher margins in the rapidly growing LGD segment.

Opening of the 21st retail store under the 'ORIGEM' brand in Jodhpur, Rajasthan.
The new store is situated at K-mall, Bhagat Ki Kothi, expanding the brand's footprint beyond major metros.
Company now has presence in key cities including Mumbai, Bengaluru, Delhi, Kolkata, Chennai, and Chandigarh.
Borivali West store closed for building redevelopment; company is evaluating high-footfall relocation options.

💡 Investors should track the revenue contribution from the 'ORIGEM' retail chain as it scales, as the lab-grown diamond segment typically offers better margins than natural diamonds. The steady pace of store openings indicates a successful transition towards a B2C retail model.

Goldiam International to Close Trading Window from April 1, 2026 for Q4 and FY26 Results

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 25 Mar 2026, 12:59 PM

Goldiam International Limited has announced the closure of its trading window starting April 1, 2026, in compliance with SEBI (Prohibition of Insider Trading) Regulations. This closure is mandatory ahead of the declaration of the company's financial results for the quarter and full year ending March 31, 2026. The window will remain closed for all designated persons and their immediate relatives. It is scheduled to reopen 48 hours after the financial results are officially made public.

Trading window closure effective from Wednesday, April 1, 2026.
Closure pertains to the financial results for the quarter and year ending March 31, 2026.
Trading window will reopen 48 hours after the financial results are declared.
Compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015.

💡 No action is required as this is a routine regulatory filing. Investors should focus on the upcoming Q4 and FY26 earnings release for fundamental performance insights.

Goldiam International Opens 20th 'ORIGEM' Retail Store in Hyderabad

🟢 POSITIVE ⭐ 6/10

EXPANSION 📅 25 Mar 2026, 11:34 AM

Goldiam International has announced the opening of its 20th retail store for lab-grown diamond (LGD) jewellery under the 'ORIGEM' brand. The new store is located at Nexus Mall Kukatpally in Hyderabad, marking a continued push into the high-growth LGD retail segment. While the company recently closed its Borivali store due to building redevelopment, it is actively seeking a relocation to a higher footfall area. This expansion aligns with the company's long-term strategy to strengthen its domestic retail presence and improve customer engagement.

Opening of the 20th retail store for the 'ORIGEM' brand in Hyderabad.
Strategic location at Nexus Mall Kukatpally, targeting high-footfall retail traffic.
Retail footprint now spans major cities including Mumbai, Delhi, Bengaluru, Kolkata, and Pune.
Borivali store closed for redevelopment with relocation plans underway for better visibility.
Focus remains on the high-margin lab-grown diamond jewellery segment.

💡 Investors should view this as a positive step toward diversifying from B2B exports to high-margin domestic retail. Monitor the company's ability to scale the ORIGEM brand and its impact on overall operating margins.

Goldiam International Expands Retail Footprint with 18th and 19th ORIGEM Stores in Pune

🟢 POSITIVE ⭐ 7/10

EXPANSION 📅 17 Mar 2026, 10:49 AM

Goldiam International has launched its 18th and 19th retail stores under the 'ORIGEM' brand, specializing in lab-grown diamond jewellery. Both new outlets are located in the premium Koregaon Park area of Pune and commenced operations on March 17, 2026. This expansion is part of the company's long-term strategy to pivot toward high-margin retail segments and lab-grown diamonds. Additionally, the company is relocating its Borivali store due to building redevelopment, seeking a higher footfall location.

Opened 18th and 19th retail stores for lab-grown diamond brand 'ORIGEM' on March 17, 2026.
Both new stores are strategically situated in the high-end Koregaon Park locality of Pune.
The retail network now spans major hubs including Mumbai, Delhi, Bengaluru, Chennai, and Chandigarh.
Company is actively evaluating relocation for its Borivali store to optimize footfall after building redevelopment closure.

💡 Investors should view this as a positive move toward higher-margin retail sales. Monitor the pace of store rollouts and the subsequent impact on consolidated EBITDA margins from the lab-grown diamond segment.

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.

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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.