Lab-Grown Diamonds Drive Revenue Growth
Nitin Panwad, Group CFO, revealed that the company crossed the Rs 100 crore revenue mark in the past quarter, driven by high demand for lab-grown diamonds, which offer higher price points and better consumer acceptance. He said that the India-EU FTA is expected to enhance jewellery competitiveness by easing trade and reducing duties. With a focus on expansion in developed markets, the company aims for EBITDA breakeven in Germany by FY26.
