Goldiam International reports strong H1 FY26 results despite tariff headwinds, revenue up 41%
Goldiam International reported strong Q2 and H1 FY26 consolidated results with revenue up 43% and 41% respectively, successfully mitigating US tariff impacts, and expanding its ORIGEM brand.
The strong financial performance, successful mitigation of major tariff impacts, and aggressive expansion plans for the ORIGEM brand indicate significant operational success and future growth potential, which is highly impactful for investors.
The company reported significant growth in both revenue and PAT despite challenging tariff headwinds, demonstrating resilience and effective strategic implementation with the US Casting Model. The expansion of the ORIGEM brand further contributes to a positive outlook.
* Goldiam International Limited announced its unaudited financial results for the second quarter and half year ended September 30, 2025. * Consolidated Revenue for Q2 FY26 increased by 43% year-on-year to ₹201.9 crore (2019 million), and H1 revenue grew by 41% year-on-year to ₹437.6 crore (4376 million). * Consolidated PAT for Q2 FY26 rose by 42% to ₹31.4 crore (314 million), and H1 PAT increased by 47% to ₹65 crore (650 million). * The company successfully neutralized the impact of increased U.S. tariffs (from ~16% to 56%) on Indian jewellery exports by implementing a Strategic U.S. Casting Model, providing employment in the US and minimizing tariff exposure. * Lab Grown Diamond jewellery exports contributed 89.9% to overall export sales in Q2 FY26, up from 77% in Q2 FY25. * Goldiam raised ₹202 crore (2020 million) during Q2 to accelerate the expansion of its B2C Lab Grown Diamond Jewellery brand, ORIGEM. * ORIGEM now has 11 operational stores across Mumbai, Noida, and Bengaluru, with plans to open 15-18 additional stores, aiming for 20-25 operational stores by March 31, 2026. * Cash and Cash Equivalents (including investments) stood at ₹463.93 crore (4639.3 million) as of September 30, 2025. * The order book position as of September 30, 2025, was approximately ₹200 crore (2000 million). * Mr. Rashesh Bhansali, Executive Chairman, highlighted the company's ability to achieve over 40% growth in revenue and profits despite tariff disruptions, attributing it to strong buyer demand and increased wallet share among customers. * Mr. Anmol Bhansali, Managing Director, noted the enthusiastic response to new ORIGEM stores and the potential for Goldiam to benefit from festive seasons in both India and the USA with the expanded store count.
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