Golkunda Diamonds & Jewellery Ltd (523676) — concall transcript | 30 June 2026

Golkunda Diamonds & Jewellery Limited reported Q1 FY27 revenue of ₹85.21 crores, up 22.7% YoY, and EBITDA of ₹8.64 crores, up 69.3% YoY, driven by new capacity and export growth. Management highlighted a dual strategy: expanding domestic revenue to 50% by 2030 and launching lab-grown jewellery by Diwali 2026. The new Andheri facility adds 50-60% capacity, targeting INR250-300 crores incremental revenue. Export revenue stands at INR280 crores, with Middle East concentrating 85-90% of exports. The company raised INR27 crores preferentially for working capital. B2C operations are slated for launch by Diwali 2026, with two floors operational and one under development as a retail lounge. The company differentiates through studded jewellery in both natural and lab-grown diamonds, targeting younger consumers. Peers like Goldiam International and Sky Gold were referenced, though business models vary. The call emphasized margin stability and long-term revenue growth targets of over 2x in five years.