Goldiam International (526729) Q4 24/25 earnings summary

Executive summary

• FY25 consolidated revenue grew 30% YoY to ₹8,006.4 mn, EBITDA rose 40% to ₹1,792 mn and PAT increased 29% to ₹1,171 mn.

• Lab-grown diamond jewellery reached 82% of Q4 FY25 export revenue; ORIGEM expanded its Mumbai retail presence and launched online sales.

Financial highlights

• Q4 FY25 revenue was ₹2,018.4 mn, up 33% YoY; EBITDA was ₹395 mn, up 44.2%, with a 19.6% margin, up 147 bps.

• FY25 EBITDA margin was 22.4%, up 159 bps; PAT margin was 14.63%, down 11 bps. FY25 gross margin was 36.1%, up 235 bps; Q4 gross margin was 35.8%, up 2 bps.

• Audited consolidated revenue from operations was ₹78,097.82 lakh and profit ₹11,710.49 lakh in FY25, versus ₹60,286.98 lakh and ₹9,090.74 lakh in FY24.

• Q4 consolidated revenue from operations was ₹19,857.05 lakh and profit ₹2,317.76 lakh, versus ₹14,785.86 lakh and ₹1,776.35 lakh in Q4 FY24.

• Standalone FY25 revenue from operations was ₹61,061.13 lakh and profit ₹6,290.99 lakh; Q4 revenue was ₹15,948.44 lakh and profit ₹897.53 lakh.

Outlook and guidance

• The ₹1,400 mn order book at March 31, 2025 was expected to be executed over the next three to four months; spot e-commerce orders were excluded.

• Positive customer response at ORIGEM stores supported plans to identify strategic locations for additional stores in India.