1:3 Bonus Issue: This Multibagger Jewellery & Diamond Company Reports FY26 Results; PAT Jumps 45.7%, Revenue Crosses Rs 1,000 Crore

Goldiam International reports highest-ever Q4FY26 performance

Goldiam International reported its highest-ever consolidated revenue, EBITDA and profit after tax for both Q4FY26 and FY26 despite tariff-related disruptions and volatile gold prices.

Consolidated revenue for Q4FY26 increased 21 per cent YoY to Rs 243.30 crore from Rs 201.90 crore in Q4FY25. Consolidated EBITDA rose 35.9 per cent to Rs 58.30 crore from Rs 42.90 crore, while EBITDA margin expanded 271 basis points to 23.9 per cent from 21.2 per cent.

Consolidated profit after tax surged 61 per cent to Rs 37.20 crore from Rs 23.20 crore in the corresponding quarter previous year. PAT margin improved to 15.30 per cent from 11.48 per cent, while diluted EPS increased to Rs 3.30 from Rs 2.17.

FY26 revenue crosses Rs 1,000 crore

For FY26, consolidated revenue increased 27.5 per cent to Rs 1,021.23 crore from Rs 800.69 crore in FY25, marking the first time the company’s annual revenue crossed the Rs 1,000 crore mark.

Consolidated EBITDA increased 36.2 per cent to Rs 248.67 crore from Rs 182.55 crore, while EBITDA margin expanded to 24.3 per cent from 22.8 per cent. Consolidated PAT rose 45.7 per cent to Rs 170.59 crore from Rs 117.10 crore. PAT margin improved to 16.7 per cent from 14.6 per cent. Cash and cash equivalents, including investments, stood at Rs 493.39 crore as of March 31, 2026.

Board approves 1:3 bonus issue

The board of directors recommended issuance of bonus shares in the ratio of 1:3. Under the proposal, shareholders will receive one fully paid-up equity share of Rs 2 each for every three existing fully paid-up equity shares of Rs 2 each held by them, subject to shareholder approval.

Company adopts tariff mitigation strategy

The company stated that it repositioned operations during FY26 to mitigate the impact of higher US tariffs. Through its US subsidiary, Goldiam began casting raw gold into unfinished jewellery pieces within the United States from September 2025.

The company said the structure enables finished jewellery to qualify as US Product of Origin through rulings from US Customs, making the business tariff agnostic and supporting supply stability for retailer customers.

Goldiam also clarified that the recent increase in customs duty on gold to 15 per cent will not materially impact operations or profitability as the company operates from SEZ-SEEPZ and continues to avail duty exemptions applicable to SEEPZ units.

ORIGEM expands retail footprint

The company’s retail lab-grown diamond jewellery brand ORIGEM doubled its store count to 24 operational stores across 12 cities since January 2026. The company stated that eight additional stores are expected to become operational by September 30, 2026.

During Q4FY26, ORIGEM recorded revenue of Rs 5.56 crore and launched India’s first Digital 3D Ring Builder platform for customised diamond ring design visualisation.

Management commentary

Commenting on results, Mr. Rashesh Bhansali, Executive Chairman, Goldiam International, said, “Goldiam’s impressive FY2026 performance underscores Goldiam’s long term strategy to deepen its relationships with existing large US B2B customers through innovative designs, and speed to market; plus the company’s ability to find sustainable, long term solutions to the business challenges. Goldiam’s rising wallet share amongst our existing retail customers coupled with our efforts to penetrate new large retailers, give me confidence about very positive outlook for our B2B jewellery exports business.”

Mr. Anmol Bhansali, Managing Director of Goldiam International, said, “In light of a very challenging year, rife with tariff uncertainties, gold volatility and geopolitical nervousness, I am grateful to our customers, suppliers and team members with whose support, we have been able to deliver our best ever absolute financial performance. Goldiam's B2B strength in bridal continues to grow as we look forward to also testing high ASP core jewellery lines in categories such a bracelets and necklaces in the near future too. At ORIGEM, we are excited to build upon a strong base on now 24 COCO stores - among the largest for an LGD jewellery brand in our country and certainly in the Top 3 in store count overall. As we expand, we are also focusing on Sales Enablers in store, and look forward to testing Old Gold Exchange, Payment Schemes and VVS Quality Diamond lines to further drive sales and win customer trust in store. One such example is the launch of India's first 3D Ring Builder that is functional both in-store and online, allowing customers to live visualize and create their dream ring with our experienced sales teams. We look forward to bringing more such innovations in the future.”

About Goldiam International 

Goldiam International Ltd designs and manufactures diamond-studded gold, silver and platinum jewellery for global retailers and wholesalers, primarily in the United States market. The company also operates the ORIGEM lab-grown diamond jewellery retail brand in India.

What are your views on Goldiam International’s FY26 performance and bonus share announcement? Share your thoughts in the comments below.
Disclaimer: This article is for informational purposes only and not investment advice.