Results · Commerce & Consumer Brands

Giva doubles revenue to Rs 510 crore in FY25

What they do

GIVA sells everyday-wear silver, gold and lab-grown diamond jewellery online and offline

Its FY25 revenue doubled to Rs 510 crore and losses narrowed to Rs 42 crore

The company plans to reach Rs 850 crore in revenue and turn EBITDA positive in FY26

GIVA's FY25 revenue doubled to approximately Rs 510 crore from Rs 255 crore in FY24.
Its losses narrowed to about Rs 42 crore from Rs 47 crore in the previous year.
The company achieved same-store sales growth of over 65% in FY25.
It ended FY25 with 290 offline stores across India, adding about 100 stores during the year.
Revenue split is roughly 40% offline, with the rest coming from its website, marketplaces and quick commerce.
GIVA started in 2019 with everyday-wear silver jewellery and expanded into lab-grown diamonds in FY25.
Lab-grown diamond jewellery with gold now contributes about 20% of overall revenue.

Growth is driven by women shifting from viewing jewellery as an investment to a fashion accessory, especially in tier 1 and 2 cities.
Rising gold prices are pushing consumers from 22-carat to 18-14 carat gold jewellery, which benefits GIVA's product mix.
The company expects FY26 topline of ~Rs 850 crore and positive EBITDA.

GIVA sells silver, gold, lab-grown diamond jewellery and demifine jewellery across categories including rings, bracelets, pendants, earrings, men's, anklets, chains, sets, mangalsutras, nose pins, perfumes and toe rings.
It operates 290 offline stores in India and sells through its website, marketplaces and quick commerce platforms.
Lab-grown diamonds with gold contribute about 20% of revenue; offline contributes about 40%.

GIVA plans to add 145-150 stores in the current fiscal, including in tier II cities.
It expects FY26 topline of ~Rs 850 crore and positive EBITDA.
The company will invest in expanding non-core segments: men's and kids' jewellery.
It is testing international markets with a few stores in Sri Lanka.