1. FY30 revenue target of ₹4,000-₹5,000 cr - management reaffirmed the FY30 revenue target of ₹4,000-₹5,000 cr, with FY27 revenue growth guided at \~60% and volume growth at 35-40%. This implies a tripling of revenue from the FY26 base of ₹1,155 cr, with near-term growth already visible in the 79% FY26 revenue jump.
2. Diamond jewellery scale-up to ₹200 cr+ - the diamond jewellery segment (natural and lab-grown) contributed \~2% of FY26 revenue with \~₹17 cr inventory, and management targets >₹200 cr in annual sales within 2 years, with potential to reach ₹500 cr. At 10-15% margins versus the company average of \~8%, this segment lifts the blended margin profile as it scales.
3. Andheri capacity expansion to 6-7 tonnes - current installed capacity of 2,000 kg is being expanded with \~5,600 sq ft of additional production space, and management plans to reach 6-7 tonnes per year by acquiring \~20,000-25,000 sq ft of additional buildings. Removing this capacity bottleneck enables the 35-40% volume growth guided for FY27 and supports the ₹4,000-₹5,000 cr FY30 revenue target.
4. UAE subsidiary to unlock export scale - the Board approved a wholly-owned subsidiary in Dubai on 20 February 2026, with management expecting it to lift export sales to 10-20% of revenue immediately from the current 0.82%. A Dubai presence provides direct access to the GCC gold trading hub and international buyers, opening a new revenue channel that was negligible in FY26.
5. Client acquisition momentum - 112 new clients in FY26 - the company onboarded 112 new B2B clients during FY26, expanding its retailer network across 23 states and 2 Union Territories, with repeat business at 85%+. A growing, sticky client base provides the distribution depth to absorb the planned capacity expansion and new product categories.
6. Plain gold casting jewellery gaining traction - the plain gold casting line (22K rings, studs, chains, bracelets), approved alongside the diamond foray in August 2025, has been seeing strong demand since introduction. This diversifies revenue beyond the core CZ-studded portfolio and utilises the same B2B distribution network.
7. Design engine - 400-500 new designs monthly - a team of 50+ CAD designers launches 400-500 new designs every month from a library of over 3 lakh creations, with designer jewellery and watches carrying "very high" margins. Rapid design refreshes keep retailer orders flowing and support premium pricing in higher-margin categories.