IGI Reports Strong Q1 FY27 Results with 23% Revenue Growth and 29% EBITDA Increase

IGI Reports Strong Q1 FY27 Results with 23% Revenue Growth and 29% EBITDA Increase​

International Gemological Institute Limited (IGI), a leading global provider of independent grading and accreditation services, reported robust financial results for the quarter ended June 2026. The company recorded significant growth across all key business segments, including loose stones, jewelry, and colored gemstone certification.

Consolidated revenue from operations reached INR 3,708 Million for the quarter. EBITDA stood at INR 2,238 Million. This performance reflected a strong operational efficiency, with EBITDA Margins reaching 60%, an increase of 270 basis points compared to the 58% margin recorded in Q1 FY26.

The company also achieved substantial growth in net profit, reporting Profit After Tax (PAT) at INR 1,657 Million, marking a 31% increase on a year-on-year basis. PAT Margins for the period were 45%, showing an improvement of 260 basis points.

Key financial highlights for IGI Consolidated are presented below:

Strategic Momentum and Future Outlook​

Tehmasp Printer, Managing Director and CEO of IGI, commented on the results, stating that IGI began FY27 in a strong position. He noted broad-based momentum across Lab Grown Diamond (LGD) loose stones, LGD jewelry, and colored gemstones, with Q1 consolidated revenue up 23% and PAT up 31% year-on-year.

Printer added that the natural diamond segment remains a key strategic pillar for the company. He mentioned investments are underway in US business operations and IGI commenced activities in Italy, while the company continues to evaluate global expansion opportunities. Furthermore, IGI is investing in its brand, teams, artificial intelligence, and automation to enhance service quality and turnaround times, maintaining confidence in sustaining current momentum throughout the year.

Industry Trends Analysis​

The global diamond and jewelry industry is currently undergoing a transformation driven by technological advances, increasing demand for certification, evolving consumer preferences, and rising disposable incomes across markets like India.

A critical trend shaping the sector is the rapid uptake of Lab-Grown Diamonds (LGDs), which are gaining worldwide acceptance due to their affordability and sustainability. As independent certification becomes increasingly vital for guaranteeing authenticity and quality, IGI’s position in this space places it at the forefront of this evolving landscape.

The demand for certified diamonds, gemstones, and jewelry is expanding beyond traditional markets, stressing the need for trust and transparency within the industry. IGI provides a distinct advantage through its multiple service delivery formats, which include IGI Labs, In-factory Labs, and Mobile Labs, strengthening customer relationships in the dynamic market. By embracing innovation and global expansion, IGI aims to capitalize on these emerging opportunities.

About IGI​

The International Gemological Institute Limited (IGI) is noted as one of the world's largest independent grading and accreditation services providers. With 36 laboratories and 21 Schools of Gemology across 10 countries, IGI has a global presence that allows it to engage with industry transformations. For five decades, IGI has served both consumers and the fine jewelry community by offering comprehensive reports on natural and laboratory-grown diamonds, colored stone grading, and jewelry appraisal.

IGIL Stock Price Movement​

International Gemological Institute Limited shares slipped by 0.34% today, settling at ₹345.6 after trading in the post-market session. The stock saw a volume of 866,202 shares traded during the session.