Goldiam International (NSE:GOLDIAM) released its consolidated unaudited financial results for Q1 FY2027 on August 7, 2026, reporting a 120% year-on-year rise in profit after tax to Rs 740 million and a 54% increase in consolidated revenue to Rs 3,637 million.
Key Highlights
- Consolidated revenue for Q1 FY27 stood at Rs 3,637 million, up 54% year-on-year and 49% quarter-on-quarter versus Q4 FY26.
- EBITDA grew 120.5% year-on-year to Rs 1,039 million, with EBITDA margin expanding 858 basis points to 28.6% versus Q1 FY26.
- Profit after tax more than doubled to Rs 740 million, with PAT margin rising 608 basis points to 20.34% year-on-year.
- Lab grown diamond jewellery exports accounted for 90.7% of overall export sales mix in Q1 FY27, up from 87.8% in Q1 FY26.
About the Company
Goldiam International Limited (NSE:GOLDIAM, BSE:526729) is a Mumbai-headquartered, over three-decade-old manufacturer and exporter of fine diamond jewellery, supplying leading branded retailers, department stores, and wholesalers in the United States. The company also operates ORIGEM, its domestic retail brand for lab grown diamond jewellery, with 26 stores across India as of the filing date.
Announcement in Detail
For Q1 FY2027 ended June 30, 2026, Goldiam reported consolidated revenue of Rs 3,637 million against Rs 2,357 million in Q1 FY26. EBITDA reached Rs 1,039 million, up from Rs 471 million a year earlier. The press release notes that other income for Q1 FY27 includes a tariff refund received by the company; steady-state EBITDA margin, after calibrating for this refund, expanded by 400 basis points to 24%.
Earnings per share for Q1 FY27 were Rs 6.55, compared to Rs 3.15 in Q1 FY26, a rise of 107.9%. Cash and cash equivalents including investments stood at Rs 4,566.70 million as at June 30, 2026. The order book position as on June 30, 2026 was approximately Rs 2,250 million. ORIGEM retail recorded revenue of Rs 81.56 million across 25 operational stores during the quarter.
Impact on Investors
Investors will note that the filing discloses a tariff refund included within other income for Q1 FY27, which has been a factor in the reported EBITDA figure of Rs 1,039 million. The company itself calibrates steady-state EBITDA margin to 24% after removing this effect, compared to the reported 28.6%, a distinction shareholders will observe when assessing the underlying run-rate margin.
The filing shows approximately 64% of finished jewellery inventory as at June 30, 2026 was held with customers as consignment stock to be sold in subsequent months, indicating that a portion of near-term revenue recognition is contingent on downstream retail sell-through. The order book of Rs 2,250 million provides disclosed visibility on forward business as stated by the company.
Sector / Market Context
India's gems and jewellery sector is a significant contributor to merchandise exports, with the Gem and Jewellery Export Promotion Council reporting diamond jewellery as a key export category to the United States. The growing share of lab grown diamonds in global jewellery retail has been widely noted by industry bodies, forming the backdrop against which Goldiam's 90.7% lab grown diamond export mix can be read.