Synopsis:
Lab-grown diamond jewellery maker Mini Diamonds (India) Limited announced the launch of 3,750 new designs across gold and silver segments under its Namra Jewels brand, timed ahead of the festive season. The stock gained intraday momentum, rising 3.60 percent to touch Rs. 180.90, supported by a turnaround in Q1FY26 performance.
The gems and jewellery sector witnessed fresh investor interest after a diamond player unveiled a significant expansion in its product portfolio. With festive demand and supportive tariff changes in lab-grown diamonds, sentiment around the stock strengthened, leading to an intraday move to new highs on Friday.
Mini Diamonds (India) Limited, with a market capitalization of Rs. 412.11 crore, opened at Rs. 180.50 against a previous close of Rs. 174.60. The stock touched an intraday high of Rs. 180.90, marking a rise of 3.60 percent.
What’s the News?
Mini Diamonds announced the addition of 3,750 new jewellery designs covering both gold and silver lab-grown diamond categories. These collections will be introduced through Namra Jewels’ flagship store, e-commerce platform, and B2B distribution channels, ensuring wider reach for both customers and trade partners.
The expansion comes just ahead of the festive season when jewellery demand typically strengthens. With the enlarged design bank, the company is positioning itself to capture diverse customer preferences, ranging from everyday wear silver jewellery to premium certified gold and lab-grown diamond pieces. This is expected to boost domestic demand and strengthen Namra Jewels’ presence across offline and online platforms.
Alongside the design-led expansion, Mini Diamonds also expects to benefit from evolving tariff changes in lab-grown diamonds, which are easing competitive pressures globally. This regulatory shift is anticipated to support export growth, particularly in key overseas markets during the holiday season, thereby complementing stronger domestic sales momentum.
Management Commentary
Shri Upendra N. Shah, Chairman and Managing Director, Mini Diamonds (India) Limited, had to say the following with regards to this business update: “The introduction of 3,750 new designs across our portfolio strengthens our ability to serve customers through Namra Jewels’ online and offline platforms, and B2B channels.
With festive demand approaching, we see this as an opportunity to deepen our market presence and generate stronger sales. At the same time, the tariff environment in lab-grown diamonds is working in our favour, providing us with an added edge in exports. Together, these factors place MDIL on a solid footing for the season ahead.”
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Financial Snapshot
In Q1FY26, sales grew from Rs. 96.83 crore to Rs. 100.58 crore, a rise of 3.9 percent sequentially. Operating profit turned around from a loss of Rs. 0.90 crore to a profit of Rs. 2.53 crore.
Profit before tax improved from a loss of Rs. 0.70 crore to a profit of Rs. 2.42 crore, while net profit swung from a loss of Rs. 2.76 crore to a profit of Rs. 1.78 crore. The operating profit margin for the June 2025 quarter stood at 2.52 percent. Over the past year, the stock has delivered a return of 58 percent.
About the Company
Established in 1987 and listed on the BSE, Mini Diamonds (India) Limited is a recognized player in diamond imports, exports, and jewellery manufacturing. The company operates a modern facility in Mumbai, equipped with advanced machinery for cutting, polishing, and jewellery production, ensuring high precision and quality.
Through its Namra Jewels brand, Mini Diamonds markets lab-grown diamond jewellery across B2B and B2C channels, both in India and overseas. By combining technology, craftsmanship, and global trade linkages, the company delivers cost-effective, high-quality lab-grown diamonds and jewellery, strengthening its position in the domestic and international markets.
Written by – Manan Gangwar
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