| Total Stores | 29Retail network |
|---|---|
| Market Cap | ₹4,649.2 CrMid-cap |
| P/E TTM | 22.04Sector PE 34.25 |
| Revenue TTM | ₹1,073.15 CrTTM Performance |
Key highlights
- 29th ORIGEM store commenced commercial operations at Inorbit Mall, Vizag on November 5, 2026
- Company now operates an aggregate of 29 retail stores across India focusing on lab-grown diamonds
- Expansion is supported by a September 2026 board approval to deploy ₹107.80 crore for 35 new stores
- Reported Q1 FY27 revenue growth of 41.9% YoY to ₹326.03 crore with net profit surging 119.5%
- Management targeting a monthly exit revenue run-rate of approximately ₹7 crore for ORIGEM by FY27
New Retail Milestone in Andhra Pradesh
Goldiam International Limited has inaugurated its latest retail outlet in Vizag, marking the 29th store under its exclusive lab-grown diamond brand, ORIGEM. Located at Unit No F-56, Inorbit Mall, the store opened to the public on November 5, 2026. This move is part of the company's aggressive domestic rollout strategy to capture the growing demand for sustainable diamond jewellery in Tier-1 and Tier-2 Indian cities.
The expansion follows the company's transition from a purely export-oriented model to a significant domestic retail player, leveraging its integrated manufacturing capabilities to offer competitive pricing in the lab-grown segment.
Strategic Roadmap and Funding
- On September 2, 2026, the board approved a revised deployment of ₹107.80 crore from unutilised QIP proceeds for 35 brand-exclusive stores.
- The overall capex plan, initially outlined in August 2025, envisions a total of 63 new ORIGEM stores across India.
- Management has guided for double-digit consolidated revenue growth for the current fiscal year.
- The ORIGEM retail business is aiming for a monthly exit revenue run-rate of ₹7 crore for FY27.
- The company implemented a dual manufacturing model in September 2025 to neutralise international tariff impacts while scaling domestic retail.
Financial Performance and Market Context
For the quarter ended June 30, 2026, Goldiam reported a robust net profit of ₹73.97 crore, a 98.7% sequential increase and 119.5% growth compared to the previous year. Operating margins have improved to 20.33%, up from 17.9% in the corresponding period last year. With a current market capitalization of ₹4,649.2 crore and a trailing P/E of 22.04, the company trades at a significant discount to the industry average PE of 62.01.
The strong financial position is further supported by a promoter holding of 58.51% and a positive annual net cash flow of ₹123.99 crore.
Management on Strategic Growth
The opening of this store is in line with the Company's ongoing strategy to expand its retail footprint and strengthen the presence of its ORIGEM brand across key markets in India.
| Date | Announcement | Amount |
|---|---|---|
| 02 Sep 2026 | Approved revised deployment of unutilised QIP proceeds earmarking funds to set up 35 remaining brand-exclusive ORIGEM storesSource: stockscans.in | ₹107.80 Cr |
| 18 Sep 2025 | Implemented strategic U.S.-based casting and dual manufacturing model to neutralize tariff impactSource: BSE filing | – |
| 12 Aug 2025 | Approved capex plan in QIP placement document to fund setup of 63 new brand-exclusive ORIGEM stores across IndiaSource: NSE filing | ₹194.96 Cr |
| 18 Feb 2025 | Evaluated feasibility of setting up a jewellery manufacturing facility in the USASource: zerodha.com | – |
| 07 Nov 2024 | Announced domestic retail rollout and opened the first store under ORIGEM lab-grown diamond jewellery brandSource: goldiam.com | – |
What to watch next
- Board meeting to approve Q2 FY27 and H1 FY27 financial results on November 7, 2026
- Post-results investor earnings conference call scheduled for November 13, 2026
- Progress on the remaining 35 store openings funded by the ₹107.80 crore QIP allocation
| Share price | ₹308.8 |
|---|---|
| Market capitalisation | ₹4,649.20 Cr |
| Revenue (annual) | ₹976.86 Cr |
| Net profit (annual) | ₹170.60 Cr |
| Revenue (latest quarter) | ₹326.03 Cr+38.97% vs previous quarter |
| Net profit (latest quarter) | ₹73.97 Cr+98.70% vs previous quarter |
| P/E (TTM) | 22.04×Sector 34.25× |
| Promoter holding | 58.51%0.00% QoQ |
| FII holding | 1.76%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Goldiam International Limited announcing the commencement of operations at its 29th retail store in Vizag. Market figures from a third-party data provider.
