Business update of Mini Diamonds (India) Limited for the Financial Year 2024-25
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Mini Diamonds reported a strong FY 2024-25 with revenue from operations growing 65% year-on-year to ₹40,557.47 lakhs and a consolidated net profit of ₹329.92 lakhs. Lab-grown diamond sales surged from ₹6.57 crores in FY24 to ₹23.52 crores in FY25. The company set up two new subsidiaries — Namra Jewels (retail) and Pyramid Gold Assaying & Hallmarking Centre — and launched its first flagship store at Atria Mall, Worli, Mumbai under the Namra Jewels brand. It began in-house manufacturing of sized lab-grown polished diamonds (0.50–10 carats) using CVD technology. Internationally, it entered a partnership with Dubai-based A V Palace DMCC for Middle East distribution and exported 2,000 jewellery pieces to Parasmani Inc. in Canada.
Strong revenue growth, new retail vertical, in-house manufacturing capabilities, and international expansion position the company well for FY 2025-26. Shareholders can expect improved margins from vertical integration, though the relatively modest net profit of ₹329.92 lakhs against ₹40,557 lakhs revenue suggests thin margins. Positive outlook from management may support sentiment.