Highlights

• Goldiam reported highest-ever revenue, EBITDA, and PAT in FY26.
• Revenue rose 27.5% year-on-year to INR 10,212.3 million.
• Board proposed bonus issue in ratio of 1:3 equity shares.

Goldiam International Limited (NSE:GOLDIAM) announced its financial results for the quarter and year ended March 31, 2026, reporting record performance across key financial metrics despite global tariff uncertainties and volatile gold prices. The disclosure was shared in compliance with SEBI Listing Regulations and filed with National Stock Exchange of India Limited and BSE Limited.

Revenue Crosses INR 10,000 Million for First Time

Goldiam reported consolidated revenue of INR 10,212.3 million for FY26, reflecting a growth of 27.5% year-on-year. The company stated that this is the first time in its history that annual revenue has crossed the INR 10,000 million mark.

For Q4 FY26, revenue stood at INR 2,433 million, up 21% year-on-year, indicating sustained demand across its export jewellery portfolio. The company attributed performance stability to its dual manufacturing strategy and restructuring of its US operations to manage tariff-related challenges.

EBITDA and Profit Growth Strengthen Margins

EBITDA for FY26 rose 36.2% year-on-year to INR 2,486.7 million, with EBITDA margin improving to 24.3%. The expansion in margins reflected operational efficiency and improved cost structure. For Q4 FY26, EBITDA stood at INR 583 million, representing 35.9% growth, while margins expanded to 23.9%. Net profit (PAT) for FY26 increased 45.7% to INR 1,705.9 million, while Q4 PAT rose 61% to INR 372 million. The company reported improved PAT margins driven by higher operational leverage.

 Bonus Share Proposal Announced

The board of directors has proposed issuance of bonus shares in the ratio of 1:3, subject to shareholder approval. Under the proposal, shareholders will receive one fully paid equity share for every three existing shares held. The bonus issue is intended to enhance liquidity and broaden the shareholder base, according to the filing.

Operational Strategy and Tariff Mitigation

Goldiam stated that it has implemented a US-based casting strategy to reduce tariff exposure. Through its US subsidiary, raw gold is cast into unfinished jewellery pieces domestically, while finishing processes are completed in India.

The company indicated that this structure helps achieve US product-of-origin classification, reducing the impact of tariff fluctuations and import duty changes. Goldiam also clarified that recent increases in gold import duty will not materially impact its operations due to its Special Economic Zone (SEZ) benefits.

ORIGEM Retail Expansion

Goldiam’s retail brand ORIGEM expanded rapidly during FY26, doubling its store count to 24 operational outlets across 12 cities in India. The company plans to add 8 more stores by September 2026, further strengthening its presence in the lab-grown diamond jewellery segment.

ORIGEM also reported Q4 FY26 revenue of INR 55.6 million and launched India’s first digital 3D Ring Builder, enabling customers to design jewellery through an interactive platform.

Management Commentary

Management highlighted strong export performance, expanding retail footprint, and continued innovation in design and technology-driven jewellery solutions.

The company noted growing demand from US retail partners and increasing wallet share among existing customers, along with expansion into new jewellery categories such as bracelets and necklaces.

Key Risks Investors Should Track

• Dependence on US market exposes earnings to tariff and trade policy risks.
• Volatility in gold prices may impact input cost structure.
• Geopolitical uncertainty could disrupt global jewellery demand.
• Expansion in retail segment may require sustained capital and execution efficiency.

Summary

Goldiam International (NSE:GOLDIAM) reported record FY26 performance with revenue rising 27.5% to INR 10,212.3 million and PAT increasing 45.7%. EBITDA margins improved to 24.3% supported by operational efficiency and tariff mitigation strategies. The company also announced a 1:3 bonus share issue and continued expansion of its ORIGEM retail brand, reinforcing growth across both export and domestic segments.

FAQs

Q: What was Goldiam International’s revenue in FY26?
A: Goldiam reported FY26 revenue of INR 10,212.3 million, up 27.5% year-on-year.

Q: Did Goldiam announce a bonus share issue?
A: Yes, the board proposed a bonus issue in the ratio of 1:3 subject to shareholder approval.

Q: How did Goldiam manage tariff-related challenges?
A: The company used US-based casting and dual manufacturing to reduce tariff exposure.