Goldiam International Announces Q3 FY26 Earnings Call Transcript, Declares Interim Dividend
Goldiam International reported strong Q3 FY26 results with 18% consolidated revenue growth. The company declared an interim dividend of ₹2.75 per share. Lab-grown diamond exports formed 90.5% of sales, and online revenue contributed 31.6%. Goldiam plans to expand its Origem retail chain significantly, with 12-14 new stores by March 2026 and 50 more in the following six months.
The announcement includes strong financial performance, dividend declaration, strategic expansion plans for the B2C segment, and clarifications on market dynamics and US trade policies, all of which are material to investors.
The company reported strong financial results, including revenue growth, EBITDA growth, and PAT growth. The declaration of an interim dividend and positive outlook on expansion plans and market share gains contribute to a positive sentiment.
Goldiam International Limited has released the transcript of its earnings call held on February 10, 2026, discussing the unaudited financial results for the quarter and nine months ended December 31, 2025. The company announced its first interim dividend of ₹2.75 per equity share (137.50%).
During Q3 FY26, Goldiam reported consolidated revenue growth of 18%, reaching ₹7,773.4 million for the nine months of FY2026, a 30% increase. EBITDA for Q3 grew by 28.2% to ₹908 million, with a margin of 26.7%. For the nine months, EBITDA rose by 32.7% to ₹1,853 million with a margin of 23.8%. Consolidated Profit After Tax (PAT) for Q3 was ₹684 million, and for the nine months, it was ₹1333.6 million, marking growth of 37% and 42% respectively. As of December 31, 2025, cash and cash equivalents stood at ₹5041.3 million.
Lab-grown diamond (LGD) jewelry exports constituted 90.5% of the overall export sales mix in Q3 FY26. Online revenue contribution increased significantly to 31.6% of total revenue. The company's order book was ₹1,800 million as of December 31, 2025, and it secured new export orders worth ₹800 million for studded LGD jewelry from international clients in the USA and the Middle East.
Goldiam's B2B jewelry export strategy focuses on increasing wallet share, acquiring new large-format retailers in the US, and expanding into Europe, the Middle East, Israel, and Australia. For its India-focused B2C brand, Origem, the company signed LOIs for 20 additional stores across 12 cities during the quarter. Goldiam plans to open 12-14 more Origem stores by March 2026, bringing the total to 24-26 operational stores by the end of the fiscal year. An additional 50 stores are planned for the first six months of the next fiscal year.
The company clarified its strategy regarding US import duties, stating that while loose diamonds have a 0% import duty, jewelry tariffs have moved from 50% to 18%. However, Goldiam's jewelry faces zero tariff due to its 'Made in America' origin through its US-based casting process.
Regarding competition in the LGD space, Goldiam acknowledged Titan's launch of 'beYon' but highlighted differences in product quality, certification, and exchange policies. Goldiam aims to cater to various market segments within LGD jewelry, from entry-level fashion pieces to high-end VVS quality engagement rings.
Origem reported an operating loss of ₹2.5 crore in Q3 FY26. The company is aiming for store-level breakeven across its fleet. Key differentiators for Goldiam in the B2B segment include design execution, particularly in bridal jewelry, and its ability to consign jewelry and provide capital to retailers.
Seasonality remains a factor, with Q3 being the largest quarter due to US holidays. Volume growth for Q3 FY26 was 7-8% in terms of pieces, with revenue growth at 18%. The company expects continued growth driven by the increasing demand for LGD globally and market share gains. Average procurement price for diamonds ranges between ₹8,000 to ₹10,000 per carat. The estimated CAPEX per Origem store, including inventory, is approximately ₹3.7 to ₹3.8 crores.
What to do with a filing like this
Goldiam International Limited filed this with the NSE as a statutory disclosure, categorised under concall transcript released. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
That call is the part a filing cannot make for you. On RealCase, SEBI-registered research analysts and investment advisers read announcements like this one and turn the ones that matter into actions inside their model portfolios: a change in weight, a hold, or nothing at all. You are not left working out which of the roughly 250 filings published each day needs a response. The portfolio you follow is updated when a filing actually warrants it, with the reason written down.
See the model portfoliosA plain-language summary of a public exchange filing by Goldiam International Limited. Read the original for the full detail.