Goldiam International Ltd

Q3 FY26Consumer Durables

Goldiam International Q3 FY26 Results & Concall Highlights

Q3 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹360

Market cap₹5.5K Cr

P/E32.0

Updated23 Aug 2026

Read4 min read

The short version

B2B order pipeline is very strong with over Rs. Goldiam International expects strong revenue growth driven by both B2B and B2C segments, particularly in lab-grown diamond jewelry. - The order book as of December 31, 2025, stood at Rs.

From Goldiam International Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

B2B order pipeline is very strong with over Rs. 180 crores open order book, plus new orders and usual 20%-25% annualized dot-com growth expected.
Revenue growth outlook is positive, targeting a record financial year in revenue, EBITDA, and PAT.
Lab-grown diamond jewelry volumes have grown historically fast, now stabilizing as 90% of business shifts to lab-grown; further industry growth expected primarily in lab-grown segment.
Market share varies; with some department stores 25%-30% in bridal segment, but overall significant room to grow, especially with largest U.S. retailers (<2% market share).
B2C brand Origem rapidly growing; plans to expand store network aggressively (additional 12-14 stores by March 2026, 50 more in H1 FY27).
Mature Origem stores expected to achieve Rs. 40-45 lakh sales monthly and 2X inventory turnover, driving profitability.
Overall, strong volume and revenue growth expected from both B2B and B2C channels in coming years.

Profitability & Margins

Goldiam International expects strong revenue growth driven by both B2B and B2C segments, particularly in lab-grown diamond jewelry.
The order book as of December 31, 2025, stood at Rs. 180 crore with additional new orders, indicating robust business pipeline.
The company aims to deliver a record financial year in terms of revenue, EBITDA, and PAT (page 19).
EBITDA margins have improved to 26.7% in Q3 FY26, reflecting operational leverage.
Operating losses at the B2C brand Origem are expected to reduce as stores mature and scale, moving towards store-level breakeven soon (page 16-19).
Management is confident of doubling the B2B business over the next 3-5 years aided by expansion in new geographies like Middle East, Europe, and Australia.
Revenue growth from digital and store expansion initiatives in B2C (Origem) will complement global export growth.
Stable to improving diamond prices and cost advantages support margin sustainability.
Overall, strong growth outlook with improving operating earnings and profitability in coming years.

See what Goldiam International Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Current capex per Origem store is approximately Rs. 50 to 65 lakhs for store fit-out and Rs. 30 to 40 lakhs for rental deposits, totaling about Rs. 1 crore excluding inventory.
Total all-in investment per store including inventory is about Rs. 3.7 to 3.8 crores.
Inventory per store is around Rs. 2.7 to 2.8 crores, with plans to introduce 9KT jewelry lines to optimize inventory value.
Plans to open 15 new Origem stores in H1 FY27.
Considering franchise model expansion towards the end of the calendar year, subject to stabilization of existing stores and launch of modules like gold exchange and payment schemes.
No current plans for a brand ambassador but may be considered in the second half of the calendar year.
Ongoing investments in digital marketing, store-scale, and technology such as AR-based scanners for enhanced customer experience.

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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

No explicit mention of any ongoing or planned fundraising through debt or equity in the provided transcript.
The company conducted a Qualified Institutional Placement (QIP) in August, which increased their investment funds, generating risk-free income.
For the Origem brand expansion, the company currently has capital in place to pursue growth and store additions without indicating a need for immediate external fundraising.
The management mentioned evaluating franchise models toward the end of the calendar year but did not specify capital raising plans tied to that.
Overall, no new debt or equity fundraising plans were disclosed or discussed during this call.

See what Goldiam International Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

Goldiam International reported a very strong B2B order pipeline.
As of the end of the quarter, there was an open order book of over Rs. 180 crores.
This order book has been further augmented with recent new orders.
Additionally, the dot-com segment typically experiences 20%-25% annualized growth.
Q3 often sees a higher percentage of this dot-com growth due to holiday sales.
Overall, the company is optimistic about revenue growth due to the robust order pipeline and digital sales expansion.
The management is excited about delivering a record financial year in terms of revenue, EBITDA, and PAT.

Goldiam International Ltd — Quarterly revenue & net profit

Revenue Net profit

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹235 Cr, net profit ₹37 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What Goldiam International Ltd's management said in earlier quarters

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Frequently Asked Questions

What were Goldiam International Ltd Q3 FY26 results?

What is Goldiam International Ltd share price analysis?

Goldiam International Ltd currently shows a neutral. The stock trades at a P/E of 32.0 with a market cap of ₹5,452 Cr. Investors should review the full earnings analysis for detailed insights.

Is Goldiam International Ltd planning capital expenditure?

Current capex per Origem store is approximately Rs.

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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.