Latest news with #labgrownjewelry
Entrepreneur
6 days ago
- Business
- Entrepreneur
True Diamond Bags INR 26 Cr from India Quotient, Titan Capital, and Huddle Ventures
The fresh capital will be deployed to accelerate the Mumbai-based brand's omnichannel growth, particularly focusing on expanding offline retail presence. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Lab-grown diamond jewelry brand True Diamond has successfully raised INR 26 crore in its pre-series A funding round, led by India Quotient with continued support from existing investors Titan Capital Winners Fund and Huddle Ventures. The fresh capital will be deployed to accelerate the brand's omnichannel growth, particularly focusing on expanding offline retail presence. With retail stores already launched in Mumbai, Hyderabad, and Noida, the brand plans to establish more outlets across India's metro cities, aiming to deliver immersive brand experiences blending design, storytelling, and exceptional service. True Diamond was co-founded in January 2024 by Parin Shah and Darayus Mehta, and is headquartered in Mumbai. The company was founded with a mission to modernise India's jewelry experience through sustainable luxury, cutting-edge design, and material innovation. True Diamond offers a diverse range of certified lab-grown diamond jewelry, including rings, earrings, necklaces, bracelets, pendants, tennis bracelets, mangalsutras, and customised pieces, including a men's collection. "We never wanted to be just another jewelry brand," said Parin Shah, Co-founder of True Diamond. "We're building a next-gen brand experience through high-quality lab-grown diamonds, cutting-edge content, and a retail journey that breaks away from the conventional. This round gives us the ability to scale this vision faster." Since its inception, True Diamond claims to have built an impressive catalog of over 5,000 unique designs and achieved a 1.7x customer repeat rate, showcasing growing customer loyalty. Their standout innovations include offerings like 160+ facet Portuguese diamonds and black diamonds, appealing to India's new-age, conscious, and design-savvy consumers. Sahil Makkar of India Quotient noted, "We see immense potential in the lab-grown diamond and gold combination... True Diamond is evolving into an aspirational omnichannel retailer." Shiv Kapoor, VP at Titan Capital, added, "True Diamond has the chance to be the go-to brand for customers who want accessible luxury without compromising on design or experience."
Yahoo
28-05-2025
- Business
- Yahoo
Goldiam International Ltd (BOM:526729) Q4 2025 Earnings Call Highlights: Record Profits and ...
Release Date: May 27, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Goldiam International Ltd (BOM:526729) reported a strong financial performance for FY25, with a 33% year-over-year increase in Q4 consolidated revenue and a 30% increase for the full year. The company achieved a significant milestone by crossing the INR1 billion mark in profits. Lab-grown diamond jewelry exports contributed 81.8% to the overall export sales mix during Q4 FY25, indicating a strong market position in this segment. The company has successfully entered the Indian retail market with its Origin brand, opening six stores in key locations across Mumbai. Goldiam International Ltd (BOM:526729) maintains a robust cash position, with cash and cash equivalents, including investments, totaling INR2,883.7 million as of March 31, 2025. The company anticipates a slight softness in Q1 and potentially Q2 of the current financial year due to the lag in passing over price changes from US tariffs. There is a potential 2-3% impact on margins in the short term due to the additional tariffs imposed by the US. The company faces challenges in passing on the full tariff costs to customers, which could affect profitability. Inventory levels have increased significantly, which could tie up capital and impact cash flow. The company is planning a fundraise of up to INR4 billion, which may indicate a need for additional capital to support expansion plans. Warning! GuruFocus has detected 5 Warning Signs with KUASF. Q: Can you provide guidance on EBITA and gross margins for the next two years? A: Amul, a representative from Goldiam, stated that they maintain an EBITA guidance range of 18-22%. They anticipate a slight softness in Q1 and potentially Q2 due to the US tariff impact, but expect to pass these costs onto customers gradually. Gross margins, which were 34.5% this year, are expected to trend slightly upwards due to stronger buying power in lab-grown diamonds and the growth of their B2C brand, Origin, which operates at a 42-45% gross margin. Q: What are the plans for retail store expansion and revenue guidance for FY26 and FY27? A: Goldiam plans to expand its retail presence with 20-25 new stores in the current financial year, focusing on regions like Delhi NCR and Bangalore. They aim to grow per-store revenue and are optimistic about surpassing previous revenue figures. Q: How is Goldiam handling the impact of US tariffs on their order book and margins? A: Goldiam has been proactive in mitigating the tariff impact by pushing out orders before tariffs were implemented and negotiating price adjustments with customers. They expect a temporary 2-3% margin impact in Q1 and Q2, but believe this will not affect their long-term business model. Q: What is the strategy for managing inventory and receivables, given the increase in inventory days? A: Goldiam's strategy involves investing in inventory for new product testing with US retailers, which is part of their business model. They have also seen a reduction in receivable days due to increased online sales, which have a quicker payment cycle. Q: How does Goldiam view competition in the lab-grown diamond retail market, and what are their expectations for gross margins? A: Goldiam believes their gross margins are competitive and sustainable due to their cost advantages in sourcing and manufacturing. They expect that even as larger competitors enter the market, the opportunity to maintain higher gross margins will remain, given the nature of lab-grown diamonds and their pricing strategies. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
