Golkunda Diamonds Posts 113.23% Q2 Profit Growth and Launches NIBHANA Lab-Grown Brand

Golkunda Diamonds & Jewellery reported Q2 FY27 profit after tax of ₹6.78 crore, up 113.23% from ₹3.18 crore a year earlier, on revenue of ₹87.35 crore, which rose 7.92%. The Mumbai-based maker of diamond-studded gold jewellery announced the unaudited results for the quarter ended September 30, 2026, Devdiscourse reported on November 13, 2026.

Golkunda's Q2 and H1 Margins Expand

For the half year ended September 30, 2026, revenue from operations grew 14.75% to ₹172.57 crore from ₹150.38 crore in H1 FY26. EBITDA rose 77.18% to ₹18.58 crore from ₹10.49 crore, and the EBITDA margin improved by 378 basis points to 10.74% from 6.96%. PAT for the half year increased 88.76% to ₹11.92 crore from ₹6.32 crore, with the PAT margin expanding by 270 basis points to 6.89% from 4.19%.

In the quarter, EBITDA increased 84.62% to ₹9.94 crore from ₹5.39 crore, and the EBITDA margin improved by 472 basis points to 11.36% from 6.64%. The Q2 PAT margin expanded by 383 basis points to 7.75% from 3.92%. Diluted earnings per share for the quarter rose 80.25% to ₹8.23 from ₹4.57, and for the half year rose 72.87% to ₹15.68 from ₹9.07.

NIBHANA Opens Four Lab-Grown Diamond Stores

Through its wholly owned subsidiary Golkunda Retail India Private Limited, the company established NIBHANA, a proprietary brand focused exclusively on lab-grown diamond jewellery, marking its entry into Indian jewellery retail. The subsidiary has established four retail stores at locations in India and proposes to establish seven additional stores in the near future.

"We remain focused on strengthening our core jewellery business while developing new growth avenues through our retail venture and expanding our presence in the lab-grown diamond jewellery segment," Chairman and Whole-time Director Kantikumar Dadha said.

Golkunda's Mumbai Plant and Domestic Push

Golkunda operates a new ₹12 crore manufacturing facility in Mumbai's Andheri East that increased its overall production capacity by 50-60%, according to akta.pro company records. The same records list total production capacity across facilities at more than 500 pieces per day and describe a strategic understanding with diamond manufacturers that provides access to large diamond resources at competitive pricing.

The company commenced operations at the Andheri East facility in August 2026, with an installed capacity of approximately 125-150 kg of jewellery per annum, serving retail chains and organised jewellery retailers across major cities.

Golkunda's Path to the NIBHANA Launch

Golkunda incorporated Golkunda Retail India Private Limited on August 28, 2026, with ₹25 lakh authorized capital, ScanX reported. In August 2026, ScanX also reported that the company launched the ₹12 crore Mumbai plant, increasing production capacity by 50-60% to target the domestic jewellery market alongside exports.

Earlier, on August 10, 2026, Devdiscourse reported that Golkunda's Q1 FY27 total revenue reached ₹8,521.49 lakhs, a 22.72% increase from the previous fiscal year.

What Comes Next for NIBHANA

The subsidiary plans to establish seven additional NIBHANA retail stores in the near future, according to the results announcement. The company's own announcement describes the expansion as aimed at strengthening the brand's positioning and increasing geographical reach.