Golkunda Diamonds launches Mumbai manufacturing plant for the Indian market

Golkunda Diamonds & Jewellery is diversifying into India’s domestic market by launching a new manufacturing plant in Andheri, Mumbai. The facility aims to capitalise on rising domestic demand for luxury goods, particularly gold and lab-grown diamonds. This move reduces the company’s dependency on the Middle Eastern export market, which currently accounts for roughly 85% to 90% of its revenues.

The plant in Mumbai, Maharashtra, represents a ₹12 crore investment (as stated in the source alert; not independently verified) and is designed to help the traditionally export-focused company expand its footprint in the Indian domestic jewellery market. This launch marks a major strategic transition to capture high-margin demand within India, including gold, gemstone, and lab-grown diamond jewellery.

The company reported standalone net sales of ₹281.50 crore in the financial year ended March 31, 2026. Standalone net profit for the fiscal year ended March 31, 2026 reached ₹13.69 crore, an increase of 15.82% over the previous fiscal year. Basic and diluted earnings per share for the fiscal year ended March 31, 2026 rose to ₹19.66 from ₹16.97 in the previous year. Standalone net sales grew to ₹281.50 crore in FY26 from ₹252.44 crore in FY25. Standalone net profit rose to ₹13.69 crore in FY26 from ₹11.82 crore in FY25 (derived: ≈15.82% YoY growth). Earnings per share increased to ₹19.66 in FY26 from ₹16.97 in FY25.