GOLDIAMGoldiam International Ltd.
Goldiam International Q2 FY27 Results: Consolidated Net Profit ₹49.40 Crore on Total Income of ₹292 Crore
- Earnings
- Diamond jewellery
Reviewed byKeshav SehgalBlacklitt Research
Goldiam International (NSE: GOLDIAM) reported consolidated total income of ₹291.66 crore and net profit of ₹49.40 crore for the quarter ended 30 Sep 2026, it said in a filing on 07 Nov 2026. The board also declared a 1st interim dividend of ₹2 per share.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹291.66 crore, up 44.5% YoY and down 19.8% QoQ
- Net profit: ₹49.40 crore, up 57.5% YoY and down 33.2% QoQ
- EPS: ₹4.38 basic, against ₹2.60 a year earlier and ₹6.55 in Q1 FY27
- Interim dividend: ₹2 per share (100% of face value), record date 13 Nov 2026
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 291.66 | 201.91 | +44.5% | 363.66 | -19.8% | |
| Revenue from operations | 274.00 | 192.81 | +42.1% | 326.03 | -16.0% |
| Other income | 17.67 | 9.10 | +94.2% | 37.63 | -53.0% |
| 49.40 | 31.36 | +57.5% | 73.97 | -33.2% | |
| Profit before tax | 67.32 | 45.68 | +47.4% | 97.38 | -30.9% |
| Finance costs | 1.19 | 0.08 | n/a | 1.55 | -23.7% |
| Depreciation | 5.12 | 1.66 | +207.8% | 4.97 | +3.1% |
| Tax expense | 17.92 | 14.32 | +25.1% | 23.41 | -23.4% |
| Net profit margin | 16.94% | 15.53% | +1.41 pp | 20.34% | -3.40 pp |
| EPS, basic (₹) | 4.38 | 2.60 | +68.5% | 6.55 | -33.1% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Net profit grew faster than total income in the year-on-year comparison: profit rose 57.5% to ₹49.40 crore while total income rose 44.5% to ₹291.66 crore. Profit before tax rose 47.4%, so the gap between net profit and pre-tax profit widened as tax expense rose 25.1% to ₹17.92 crore.
Other income of ₹17.67 crore is 6.1% of total income and 26.2% of profit before tax of ₹67.32 crore. Other income rose 94.2% year on year, while revenue from operations rose 42.1% to ₹274.00 crore. Tax expense of ₹17.92 crore is 26.6% of profit before tax.
Finance costs were ₹1.19 crore, against ₹0.08 crore a year earlier and ₹1.55 crore in the previous quarter; they are 0.4% of total income. Depreciation rose to ₹5.12 crore from ₹1.66 crore a year earlier. Exceptional items for the quarter are nil, according to the filing.
Against the previous quarter, total income fell 19.8% and net profit fell 33.2%, with other income down 53.0%. The company's press release describes the quarter as its highest-ever Q2 on revenue and profit, and says half-year revenue rose 49.8% to ₹655.32 crore.
The statutory auditors carried out a limited review and reported that one subsidiary's interim financial information was not reviewed by its auditors; the conclusion is not modified in respect of this matter. The consolidated statement includes Goldiam Jewellery Limited, Goldiam USA Inc., Diagold Designs LLP and Eco-Friendly Diamond LLP.
Inference
The company says lab-grown diamond jewellery exports made up 91.2% of export sales mix in Q2 FY27, against 90% in Q2 FY26, and online revenue was 19.4% of revenue. The order book stood at about ₹225 crore and cash and cash equivalents including investments at ₹457.83 crore as on 30 Sep 2026.
The board declared a 1st interim dividend of ₹2 per share, amounting to ₹30.11 crore, with a record date of 13 Nov 2026 and payment starting 25 Nov 2026. The dividend will be paid after tax is deducted at source; the filing does not give the TDS rate, which is still to be determined.
The filing does not say why finance costs rose from ₹0.08 crore to ₹1.19 crore or why cost of materials and inventories moved as they did in the quarter, and the effect of these on future quarters is not known.
Filed with BSE on . Reference: Original filing (PDF)
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