Revenue Increases 90% While GIVA's Loss Widens 23% to ₹72 Cr in FY25

In the fiscal year that concluded in March 2025, GIVA's operating revenue increased from ₹273 Cr to ₹518 Cr. The cost of materials increased by over 97% year over year to ₹226 Cr, the startup's largest expense for the quarter. The D2C jewelry company is reportedly on pace to report a revenue of ₹800–₹850 Cr in FY26 and is currently in negotiations to raise ₹150–₹200 Cr.GIVA generates revenue by selling jewelry items through its network of physical and online retailers. The company started off specializing in silver jewelry but has since moved into the gold and lab-grown diamond markets. With each channel accounting for almost half of total income, the company reported an almost equal distribution across online and offline channels.

Over the course of the year, GIVA surpassed the 200-store mark and is getting close to 300 locations. With the opening of its first store in Sri Lanka, the company has ventured into foreign markets, generating Rs 10.7 crore in FY25 sales. During that time, the company's total revenue was Rs 523 crore.The biggest expense component for Giva, the cost of materials, increased by 97% to Rs 227 crore, or 38% of total costs. The company's inventory increased 108% to Rs 100 crore in FY25 as a result of the increased buying activities. From Rs 50 crore in FY24 to Rs 91 crore in FY25, its employee benefit costs increased by 82%.