What is the story about?
Goldiam International Ltd,a Mumbai-based diamond jewellery exporter, said on Thursday it raised ₹202 crore through a qualified institutional placement (QIP) to accelerate the expansion of its lab-grown diamond retail
brand, ORIGEM.
The company plans to open 70–90 ORIGEM stores across India over the next 18–24 months, compared with six outlets launched in the past 10 months.
Goldiam, which supplies fine jewellery to US retailers, said its export business continues to grow in markets including the Middle East, Israel and Australia, while remaining insulated from US tariff moves by manufacturing some gold castings locally.
The company, which has distributed nearly ₹200 crore to shareholders via dividends and buybacks over the
past five years, said it expects consolidated sales and profit to grow 15–20% in the current fiscal year.
Goldiam Internationalshares ended 4.5% higher at a price of ₹363.55 on the BSE. The stock is down 9% over the last six months.
The company plans to open 70–90 ORIGEM stores across India over the next 18–24 months, compared with six outlets launched in the past 10 months.
Goldiam, which supplies fine jewellery to US retailers, said its export business continues to grow in markets including the Middle East, Israel and Australia, while remaining insulated from US tariff moves by manufacturing some gold castings locally.
The company, which has distributed nearly ₹200 crore to shareholders via dividends and buybacks over the
Goldiam Internationalshares ended 4.5% higher at a price of ₹363.55 on the BSE. The stock is down 9% over the last six months.
Do you find this article useful?
