Mumbai - International Gemological Institute Limited (IGI), one of the world’s largest independent grading and accreditation services providers, reported strong performance for the quarter-ended June 2026.
The company has reported 23%
growth in revenues and 29% growth in EBITDA for the quarter, driven by
strong growth momentum across all its key business segments, viz, loose stones,
jewelry and colored gemstone certification.
Consolidated revenue from operations for the quarter was reported at INR 3,708 Mn and EBITDA at INR 2,238 Mn. The EBITDA Margins in Q1 FY27 stood at 60% (+270 bps) as compared to 58% in Q1 FY26. PAT for the period was reported at INR 1,657 Mn, a growth of 31% on a year-on-year basis. PAT Margins stood at 45% (+260 bps) for the quarter.
Key financial highlights – IGI Consolidated (INR Mn):
|
Particulars |
Q1 FY27 |
Q1 FY26 |
YoY Growth % |
|
Revenue |
3,708 |
3,009 |
23% |
|
EBITDA |
2,238 |
1,735 |
29% |
|
PBT |
2,228 |
1,750 |
27% |
|
PAT |
1,657 |
1,265 |
31% |
Commenting on
results, Mr. Tehmasp Printer, Managing
Director and CEO of IGI said,
"IGI has commenced FY27 from a position of
strength, with Q1 consolidated revenue up 23% and PAT up 31% year-on-year, with
broad-based momentum across Lab Grown Diamond (LGD) loose stones, LGD jewelry
and coloured gemstones. The natural diamond segment remains a key strategic
pillar, and we continue to pursue market share through new customer acquisition
and deeper engagement with existing clients.
Investments in our US business are gaining traction,
and we commenced operations in Italy as we continue to evaluate opportunities
for geographic expansion. In parallel, we are investing in the IGI brand, in
our teams, and in artificial intelligence and automation to enhance service quality
and turnaround times. These investments position the Company to scale
efficiently, and we remain confident of sustaining this momentum through the
year.”
Industry Trends and Strategic Outlook
The global diamond and jewelry industry
is undergoing a transformation driven
by evolving consumer preferences, technological advancements, and increasing demand for certification. Rising disposable incomes in India, an expanding middle-class,
and the growing appeal of diamonds as a luxury investment continue to fuel
market expansion.
A
significant trend shaping
the global industry is the rapid adoption of Lab-Grown Diamonds
(LGDs), which are gaining
worldwide acceptance due to their affordability and sustainability. As
independent certification becomes increasingly essential in ensuring
authenticity and quality,
IGI’s leadership in this space positions it at the
forefront of this evolving landscape.
Furthermore, the demand for certified diamonds, gemstones, and jewelry
is expanding beyond
traditional markets, reinforcing the need for transparency and trust in the industry. IGI’s multiple service delivery formats—including
IGI Labs, In-factory Labs, and Mobile Labs—enhance customer relationships and
provide a distinct advantage in this evolving market. By continuing to embrace
innovation and expanding its global footprint, IGI is well-positioned to
capitalize on emerging opportunities and reinforce
its position as the preferred
certification partner for the jewelry
industry.