Q3 2026 Goldiam International Ltd Earnings Call Transcript
Key Points
- Goldiam International Ltd (BOM:526729) reported a strong overall performance with a consolidated revenue growth of 18% in Q3 and 30% for the first nine months of FY 2026.
- The company declared its first interim dividend at the rate of INR 2.75 per equity share, reflecting a 137.50% payout.
- EBITDA for Q3 grew by 28.2% with a margin of 26.7%, and for the nine months, it grew by 32.7% with a margin of 23.8%.
- Lab-grown diamond jewelry exports contributed significantly, accounting for 90.5% of the overall export sales mix during Q3 FY26.
- Goldiam's B2C brand, Origin, is expanding rapidly with plans to open 12 to 14 new stores by March 2026, and an additional 50 stores in the first six months of the next fiscal year.
- The company faced a loss of about 2.5 crore in its B2C segment, Origin, during Q3 FY26.
- Despite the growth, the volume growth for the quarter was only between 7 to 8%, indicating a potential slowdown compared to previous quarters.
- The competition in the lab-grown diamond market is increasing, with new players like Titan entering the space, potentially impacting pricing and market share.
- The company is facing challenges in maintaining inventory turnover and profitability at the store level for its B2C operations.
- There is uncertainty regarding the impact of the recent tariff changes on future growth, despite the current advantage of zero tariffs on jewelry exported to the US.
Good day and welcome to the Golden International Q3 and FY26 earnings conference call hosted by Monarch Network Capital Limited. This conference call may contain forward-looking statements about the company which are based on the beliefs, opinions, and expectations of the company as on date of this call. These statements are not the guarantees of future performance and invers and certies that are difficult to predict. As a reminder, all particip lines will be the lesson only mode, and there will be an opportunity for you to ask questions after the presentation concludes.
Should you need assistance during the conference call, please signal an update of pressing and 0 on attaching phone.
Please note that this conference is being recorded.
I would now have the conference over to Mr. Rahzani from Monarch Network Capital Limited.
Thank you and over to you, sir.
Yes, thank you, Ms. Khan. Good afternoon everyone. On behalf of Monarch Nigur Capital, we're delighted to host the
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