IGI Reports Strong Performance with 21% Revenue and 21% EBITDA Growth for Q4 2026

IGI Reports Strong Performance with 21% Revenue and 21% EBITDA Growth for Q4 2026​

International Gemological Institute Limited (IGI), a leading global authority in certification services, reported a strong performance for the quarter ended March 2026. The company stated that its revenues and EBITDA grew by 21% for the quarter, driven by robust growth across its key segments: natural diamonds, lab-grown diamonds, and LGD jewelry.

Consolidated revenue from operations for the quarter (January - March 2026) was reported at INR 3,686 Million, alongside an EBITDA of INR 2,360 Million. Profit After Tax (PAT) for the period stood at INR 1,796 Million, representing a 28% year-on-year increase.

The company noted that its financial reporting structure transitioned to a financial year ending March, meaning the current reporting period covers 15 months, concluding on March 31, 2026.

For the fifteen-month period from January 2025 to March 2026, the company reported an 18% growth in revenues from operations and a 22% growth in EBITDA when compared to the period of January 2024 to March 2025. EBITDA margins stood at 60.9% in the 15M Mar '26 period. Furthermore, the consolidated PAT for the 15M Mar '26 stood at INR 7,112 Million, marking a 25% increase over the 15M Mar '25 figure.

Key Financial Highlights​

The financial performance can be summarized in two key tables:

Quarterly Consolidated Financial Results (INR Million):


Fifteen-Month Consolidated Financial Results (INR Million):

Strategic Growth and Future Outlook​

Tehmasp Printer, Managing Director and CEO of IGI, highlighted that the company completed the acquisition of AGL during the quarter. This acquisition is described as a significant strategic milestone that strengthens IGI's global footprint and enhances its capabilities in the high-potential colored stone certification segment, diversifying its services beyond diamonds.

On the operational front, the CEO also emphasized the ongoing integration of technology and operational excellence, including efforts around the integration of AI and machine learning. These investments are aimed at enhancing service quality, improving turnaround times, driving operational efficiencies, and supporting sustainable long-term growth.

The global diamond and jewelry industry is currently undergoing a transformation fueled by technological advancements and shifting consumer preferences. The increasing demand for certification, coupled with rising disposable incomes in India, continues to boost the market. A significant trend driving industry change is the rapid global adoption of Lab-Grown Diamonds (LGDs) due to their sustainability and affordability.

IGI's established leadership and multiple service delivery formats, including IGI Labs, In-factory Labs, and Mobile Labs, position the company to capitalize on emerging opportunities and reinforce its role as a preferred certification partner for the industry.

IGIL Stock Price Movement​

Today, International Gemological Institute Limited shares rallied significantly, gaining 7.00% to close at ₹352.3. The stock demonstrated strong investor interest, with over 1.44 million shares traded during the session.