Goldiam International Ltd

Order details

• Export orders for lab-grown diamond studded gold jewellery worth Rs 50 crore.
• Awarding entity: International USA clients.
• Time to execute: on or before 30 November 2026.
• Nature of order: export manufacturing and shipment of lab-grown diamond jewellery.
• Related party: No promoter group interest; transactions not at arm's length.
• Impact: expected near-term revenue momentum.

Meeting Details

• Event: Q1 FY27 Earnings Conference Call
• Date/Time: August 10, 2026, 3:30 PM
• Type/Mode: group earnings conference call; virtual
• Organizer: Monarch Networth Capital Limited

Participants

• Company management: Executive Chairman; Managing Director
• Moderator: representative from Monarch Networth Capital Limited

Purpose

• Discuss unaudited Q1 FY27 results (quarter ended June 30, 2026)

Availability

• Transcript of the earnings call enclosed with the filing
• Conference call is being recorded

Meeting Details

• Date and time: August 10, 2026 at 3:30 pm.
• Type and mode: earnings call; audio recording (virtual event).
• Organiser: Goldiam International Limited.
• Purpose: discuss unaudited quarterly results for quarter ended June 30, 2026.
• Key participants: company management representatives.
• Recording availability: audio recording accessible on the company website.

Issue overview

• Type of issue: QIP of equity shares.
• Objectives: fund store expansion and general corporate purposes.
• Timeline for deployment revised; extension approved.
• Total size and net proceeds disclosed; no undersubscription noted.

Utilisation of proceeds

• Utilisation not fully as disclosed; timeline extension approved.
• Stores funding: partial utilisation; end-quarter unutilised funds remain.
• Civil/interiors: partial utilisation; remaining funds idle.
• General Corporate Purpose: no utilisation in Q1 FY27.
• Issue expenses: partial utilisation; remaining funds.
• Unutilised funds invested in fixed deposits and NBFCs; monitoring account balance.

Governance and compliance

• Statutory approvals obtained; board approvals for timeline revision.
• Delay in implementation could affect viability of objects.
• Unutilised proceeds reallocated into fixed deposits and NBFCs; liquidity available.

GCP

• GCP allocated: 0 utilised in Q1 FY27.
• Board approval for GCP allocation not explicit.
• Management approvals used for idle funds investments.

Business Overview

• Integrated manufacturer and exporter of luxury diamond jewellery.
• Dual engine: B2B OEM for US retailers; ORIGEM LGD domestic brand.
• Omnichannel distribution supports both B2B and B2C channels.

Key Operational Highlights

• Q1 FY27 revenue ₹3,637 mn; up 54% YoY.
• EBITDA ₹1,039 mn; margin 28.6%.
• PAT ₹740 mn; margin 20.34%.
• LGD exports accounted for 90.7% of export revenue.
• Online revenue 19.3% of total.
• Order book ₹2,250 mn as of Jun 30, 2026.
• ORIGEM operates 26 stores; Q1 ORIGEM revenue ₹81.56 mn.
• Tariff agnostic model: US casting; tariff impact minimal.
• 64% consignment inventory; 11% B2C inventory.
• Cash and cash equivalents ₹4,566.71 mn as of June 2026.
• SEZ-based operations; customs exemptions.

Financial Performance

• Total income ₹3,637 mn; YoY growth 54%.
• Gross margin 37.1%; gross profit ₹1,348 mn.
• EBITDA ₹1,039 mn; EBITDA margin 28.6%.
• Depreciation ₹50 mn; financial cost ₹16 mn.
• PBT ₹974 mn; tax ₹234 mn; PAT ₹740 mn; PAT margin 20.34%.
• Total equity ₹11,111 mn; Total assets ₹13,626 mn.
• Cash and investments support near-zero net debt.

Capital Structure & Liquidity

• Net debt near zero; fortress liquidity.
• Cash and investments ≈ ₹4.57 bn as of Jun 2026.
• No material debt raise or equity issue reported.

Strategic Priorities & Outlook

• Scale LGD exports; expand ORIGEM B2C footprint.
• Maintain tariff-agnostic production via US casting.
• Launched India's first digital 3D ring builder.
• Strengthen US OEM demand and premium domestic LGD brand.
• Dividend policy: min 50% of standalone PAT payout.

Risks & Mitigation

• Tariffs pose risk; mitigated by US-origin casting.
• LGD export concentration risk; mitigated by ORIGEM expansion.
• 64% consignment inventory; mitigated by retailer partnerships.
• SEZ exemptions reduce tariff exposure.

Governance & Leadership

• Executive Chairman Rashesh Bhansali; MD Anmol Bhansali.
• Independent directors include Ruchi Shrinath Pandya, Pannkaj Ghadiali, Nipa Sheth.
• Company Secretary: Pankaj Parkhiya; governance framework in place.
• Group includes Eco-Friendly Diamonds LLP and ORIGEM brand infrastructure.

Financial highlights

• Revenue for Q1 FY2027: ₹3,637 mn, up 54% YoY.
• EBITDA ₹1,039 mn, up 120% YoY; margin 28.6%.
• PAT ₹740 mn, up 120% YoY; PAT margin 20.34%.
• EPS ₹6.55; up 108% YoY.
• Order book ₹2,250 mn as of Jun 30, 2026.
• Cash and equivalents including investments ₹4,566.7 mn.

Operational developments

• ORIGEM stores: 26 operational; Q1 FY27 revenue ₹81.56 mn across 25 stores.
• Digital 3D Ring Builder launched in Q4 FY2026.
• Lab-grown diamond jewellery in 9K gold launched in Q1 FY2027.
• Old gold exchange scheme rolled out across all ORIGEM stores.

Outlook and commentary

• Management expects continued growth in B2B and new geographies.
• Notes stronger margins aided by sourcing efficiencies.