NSEPress Release7h ago · 23 Jul 2026, 04:26 pm
Press Release
International Gemological Institute Limited · IGIL
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International Gemological Institute Limited (IGI) reported strong Q1 FY27 results with 23% revenue growth and 29% EBITDA growth YoY, driven by growth momentum across all key business segments.
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International Gemological Institute Limited has informed the Exchange regarding a press release dated July 23, 2026, titled "Press Release".
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July 23, 2026
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G
Dalal Street, Fort, Bandra Kurla Complex
Mumbai - 400 001 Bandra (East), Mumbai - 400 051
BSE Scrip Code: 544311 NSE Symbol: IGIL
Subject: Press Release on Unaudited Standalone and Consolidated Financial Results for quarter ended June
30, 2026
Dear Sir/Madam,
Pursuant to Regulation 30 read with Part A of Schedule III of the Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith the Press Release on
the Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026.
The aforesaid information will be made available on the Company's website at www.igi.org.
This is for your information and record.
Thanking you,
Yours faithfully,
For International Gemological Institute Limited
Nitika Dalmia
Company Secretary and Compliance Officer
Encl: a/a
International Gemological Institute (IGI) delivers strong performance
with 23% Revenue & 29% EBITDA growth YoY in Q1 FY27
PRESS RELEASE: Mumbai, July 23, 2026
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.
About IGI
The International Gemological Institute Limited (IGI), a Blackstone-backed company, is India’s largest
independent accreditation and certification services provider with a 50% market share. With 36
laboratories and 21 Schools of Gemology in 10 countries, IGI's global presence enables it to capitalize
on the ongoing transformation in industry.
For 50 years, IGI has provided the fine jewelry community and consumers with a broad range of
services, including natural and laboratory-grown diamond reports, colored stone grading and origin
reports, as well as jewelry identification and appraisal reports. With the rise of lab-grown diamonds,
IGI screens millions of natural and lab-grown diamonds to ensure that the industry and consumers
receive the product they expect. Regardless of location or marketplace, authentic IGI Laboratory
Reports empower trust and confidence among buyers and sellers alike.
Media Contact: Investor Relations Contact:
IGI India - Brand Manager - Marketing IGI India – Head, Investor Relations
& Public Relations
Yashita Tawde
Ms. Natasha Kedia
media.relations@igi.org
investor.relations@igi.org
+91 98925 34180
022-40352550
Public Relations: MUFG Intime
Nikunj Seth
Belinda Dokras – Director
Belinda.Dokras@dentsu.com nikunj.seth@in.mpms.mufg.com
+91 98202 84220 +91 9773397958