Goldiam International recently announced its financial results for Q2 and H1 FY25, reflecting a robust performance despite challenges. The company reported a 34% YoY growth in standalone revenue and a 74% increase in standalone PAT for Q2 FY25. Consolidated revenue for the quarter, however, saw marginal growth due to shipment delays to the U.S., which affected consolidated sales. Excluding these delays, the company stated it would have achieved a 38% YoY revenue growth for Q2.
For H1 FY25, consolidated revenue rose by 19% YoY, while EBITDA for the half-year increased by 21%, reaching ₹66.8 crore with an EBITDA margin of 22.1%. The PAT for H1 stood at ₹44.2 crore, an 8% increase YoY. The company highlighted that lab-grown diamond jewelry contributed 77% to its Q2 revenue, and online revenue accounted for 21%.
Goldiam also launched its retail brand ORIGEM’s first store in Mumbai, which received a strong initial response, driving sales of approximately ₹25 crore within the first 10 days. The company plans to expand ORIGEM with more stores in Mumbai and beyond, aiming for 10-12 new stores over the next six months.
Financial Highlights:
- Revenue: ₹141.1 crore in Q2 FY25, up 1% YoY.
- PAT: ₹22.1 crore in Q2 FY25, down 6% YoY.
- EBITDA Margin: 24.5%, a slight improvement over last year’s 23.9%.
Despite facing external challenges, Goldiam’s strategic focus on lab-grown diamonds and expansion into retail through ORIGEM has positioned the company well for growth in the coming quarters.
