Business update of Mini Diamonds (India) Limited for the Financial Year 2025-26 till date
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Mini Diamonds (India) Ltd shared a comprehensive H1 FY26 business update highlighting growth across lab-grown diamond and jewellery segments. Key wins include the launch of NamraJewels.com e-commerce platform by subsidiary Namra Jewels in August 2025, a new export order of USD 2.15 million (~INR 18.30 crore) for lab-grown cut and polished diamonds from a Hong Kong client (to be executed within 3 months, payment terms up to 150 days), and a 1,000-piece sterling silver lab-grown diamond jewellery order from AV Palace DMCC in Dubai. The company expanded its design catalogue by 3,750 new styles, conducted an experiential retail exhibition in Juhu, Mumbai, and noted negligible impact from US tariffs due to its pivot toward Middle East, South East Asia, and Far East markets. Management also mentioned a proposed share split intended to enhance liquidity and is entering H2 with focus on executing the Hong Kong order, scaling supply, and widening e-commerce reach during the festive season.
Positive for shareholders — the company has secured meaningful export orders in hard currency, launched a direct-to-consumer e-commerce channel, and is expanding internationally, all of which support revenue diversification. The negligible tariff impact and improving cash conversion outlook reduce near-term risks, though execution of the Hong Kong order within timelines remains the key thing to watch.