Priority Jewels management discussed margins, capacity expansion, gold hedging and geographic mix in an interview

Fri 9 Oct 2026

Q1 FY27 margin

6.9 percent

Previous quarter growth

40 percent

India revenue share

50 percent

Gold hedge period

180 days

Heard on business television between 13:37:33 - 13:40:33 IST.

• Said diamond jewellery margins may dip slightly (0.5-0.75%) due to longer manufacturing cycle of 2-2.5 months versus 1 month for gold, but nothing major.
• Guided for continued ~40% revenue growth trajectory even after planned capacity expansion toward 100% utilization.
• Said company is an end-to-end, material-agnostic manufacturer able to pivot quickly across karats, lab-grown and natural diamonds.
• Said all gold is sourced from banks via Gold Metal Loan facility with 180-day hedging, fully hedging against gold price volatility.
• Said India contributes 50% of revenue, with other markets being UAE, Belgium, USA and Hong Kong; plans to expand further into Middle East, US and Europe while growing Indian customer base.

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