Goldiam International Limited , a prominent player in the diamond jewellery export sector and an emerging disruptor in the lab-grown diamond (LGD) retail space, has successfully raised ₹202.00 crore through a Qualified Institutional Placement (QIP). This significant capital infusion marks a pivotal moment for the company as it sets its sights on aggressive expansion plans for its consumer-facing LGD jewellery brand, ORIGINE M.

Funding Details and Strategic Vision

The QIP, which saw participation from marquee funds, represents the largest funding round in the lab-grown diamond retail segment to date. Goldiam International intends to utilize this capital to fuel the rapid expansion of ORIGINE M, with plans to establish 70-90 stores across India within the next 18-24 months. This ambitious rollout strategy underscores the company's commitment to cementing its position as a leader in the burgeoning LGD jewellery market.

ORIGINE M: Bridging Expertise with Innovation

ORIGINE M, launched just ten months ago, has already opened six stores and received an encouraging response from customers. The brand leverages Goldiam International's decades of experience in supplying fine jewellery to leading U.S. retailers, combined with a design-first approach tailored to Indian consumers. ORIGINE M differentiates itself through:

• Vertical integration, offering significant cost leadership
• Contemporary designs inspired by global bestsellers
• Customer-centric features such as ring builders and endless aisle customization tools
• 100% lifetime exchange and return policies
• Third-party certification for all products

B2B Foundation and Market Expansion

While Goldiam International aggressively pursues its B2C ambitions, the company's export business continues to provide a strong foundation. The B2B segment is expanding into new markets such as the Middle East, Israel, and Australia. Notably, the company has strategically positioned itself to mitigate risks associated with recent U.S. tariff announcements on diamond jewellery by pre-manufacturing raw gold castings directly in the U.S.

Financial Outlook and Shareholder Value

Goldiam International projects a 15-20% growth in both sales and profitability for the current fiscal year, driven by its dual growth engines - the resilient global B2B business and the rapidly scaling Indian B2C retail presence. The company maintains a debt-free balance sheet, allowing it to pursue aggressive growth while continuing its track record of rewarding shareholders. Over the past five years, Goldiam International has distributed close to ₹200.00 crore through dividends and buybacks.

Market Impact and Share Dilution

Following the QIP, which involved the allotment of 6,122,722 new equity shares, Goldiam International's total equity share capital has increased from 10,67,95,122 to 11,29,17,844 shares. This expansion has resulted in a slight dilution of the promoter and promoter group's shareholding. The combined stake of key promoters, including Mr. Rashesh M. Bhansali, Mr. Anmol Rashesh Bhansali, and Mrs. Shobnaben Manharkumar Bhansali, has decreased from 61.87% to 58.51% of the total share capital.

As Goldiam International embarks on this new chapter of growth, the successful QIP not only provides the necessary capital for expansion but also reflects strong investor confidence in the company's vision and potential in the evolving diamond jewellery market.

Goldiam International Limited , a leading exporter of diamond jewellery, has announced exceptional financial results for the first quarter, marking its highest-ever Q1 performance. The company also revealed plans for significant expansion of its lab-grown diamond jewellery retail brand, ORIGEM.

Record-Breaking Financial Performance

Goldiam's consolidated revenue for Q1 reached ₹2,357.00 million, representing a robust growth of 39% year-on-year and 17% quarter-on-quarter. This impressive performance was driven by deeper client penetration and growing acceptance of lab-grown diamond jewellery among end customers.

The company's profitability saw substantial improvements:

• EBITDA increased by 37.8% year-on-year to ₹471.00 million
• PAT (Profit After Tax) surged by 53% year-on-year to ₹336.00 million
• EBITDA margin remained steady at 20%
• PAT margin improved to 14.3%, up from 13% in the same quarter last year

Lab-Grown Diamond Jewellery Dominates Sales

Lab-grown diamond jewellery continued to be the primary growth driver for Goldiam, contributing 87.8% to the overall export sales mix in Q1, up from 68.4% in the same quarter last year. This shift underscores the increasing popularity of lab-grown diamonds in the market.

Strong Order Book and Cash Position

Goldiam's order book position as of June 30 stood at approximately ₹1,400.00 million, which includes an export order worth ₹800.00 million received in May. The company maintains a strong financial position with cash and cash equivalents (including investments) of ₹2,784.20 million as of June 30.

ORIGEM Expansion Plans

Goldiam's lab-grown diamond jewellery retail brand, ORIGEM, is set for significant expansion:

• Currently operates six stores in Mumbai, which generated revenue of ₹32.70 million in Q1
• Signed agreements for eight additional stores, including prime locations at The Phoenix Mills in Lower Parel, Mumbai, and Phoenix Market City in Bengaluru
• Plans to expand to Bangalore, Delhi NCR, and Chandigarh
• Aims to have 100-125 ORIGEM stores operational within the next 24-36 months

Management Commentary

Rashesh Bhansali, Executive Chairman of Goldiam International, attributed the strong performance to the buoyant demand for lab-grown diamond jewellery in the US and Goldiam's ability to capture an outsized share of this growing market. He highlighted the company's cost management strategies and ability to pass on additional tariffs to customers as key factors in maintaining profitability.

Anmol Bhansali, Managing Director, emphasized Goldiam's market responsiveness and contemporary designs as factors helping the company penetrate deeper into existing US customer bases. He expressed confidence in the potential for robust demand for lab-grown diamond jewellery in India, mirroring the trend seen in the US market.

Looking Ahead

With its strong financial performance, expanding retail presence, and focus on the growing lab-grown diamond jewellery market, Goldiam International appears well-positioned for continued growth. The company's strategic expansion of ORIGEM stores in prime locations across India suggests a bullish outlook on the domestic market for lab-grown diamond jewellery.

As Goldiam continues to leverage its expertise in both manufacturing and retail, investors and industry observers will be watching closely to see if the company can maintain its growth trajectory and establish ORIGEM as India's largest lab-grown diamond jewellery brand.