International Gemmological Institute (India) Ltd. has reported a sparkling set of numbers for the June quarter of FY26, underscoring its growing dominance in the diamond certification and grading space. With a sharp rise in both revenue and net profit, the company continues to benefit from robust demand, operational efficiency, and strategic expansion across domestic and global markets.
Key Highlights from Q1 FY26 Performance
- Consolidated revenue from operations reached ₹3.01 billion, reflecting a healthy year-on-year growth
- Net profit surged to ₹1.27 billion, indicating strong margin performance and cost discipline
- EBITDA stood at ₹1.94 billion, showcasing operational strength and scalability
- Net profit margin improved to 42.2 percent, one of the highest in the industry
Revenue Growth and Market Expansion
- Top-Line Momentum
- The ₹3.01 billion revenue figure marks a 13 percent increase over the previous quarter, driven by higher volumes in diamond grading and certification services
- Growth was supported by increased demand from both retail and institutional clients, especially in Tier 1 and Tier 2 cities
- International business contributed significantly, with rising exports to Southeast Asia and the Middle East
- Strategic Expansion
- IGI India has expanded its footprint with new grading labs in Surat and Jaipur, enhancing turnaround time and regional accessibility
- The company is investing in AI-powered grading tools to improve precision and reduce human error
- Partnerships with leading jewellery retailers have boosted recurring business and brand visibility
Profitability and Operational Efficiency
- Net Profit Surge
- Net profit of ₹1.27 billion reflects a 23 percent jump compared to the same quarter last year
- The increase was driven by higher operating leverage, cost optimization, and improved pricing strategies
- Administrative and employee costs remained stable, contributing to margin expansion
- EBITDA and Margins
- EBITDA rose to ₹1.94 billion, up 24 percent sequentially
- Operating margins improved due to better utilization of grading infrastructure and technology integration
- The company maintained a lean cost structure while scaling operations, a key factor in sustaining profitability
Segmental Performance and Innovation
- Diamond Grading and Certification
- Core business segment saw double-digit growth in volume and value
- IGI’s proprietary grading algorithms and international accreditation continue to attract high-value clients
- Education and Training
- The institute’s gemmology courses saw increased enrollment, especially in online formats
- New curriculum modules focused on lab-grown diamonds and sustainability practices were introduced
- Technology and R&D
- Investment in machine learning and blockchain-based certification is underway
- Pilot programs for digital grading reports have received positive feedback from retailers
Investor Sentiment and Market Outlook
- IGI India’s stock remained stable post-results, reflecting investor confidence in its fundamentals
- Analysts expect continued growth in Q2, supported by festive season demand and export momentum
- The company’s focus on innovation, quality assurance, and global expansion positions it well for long-term value creation
Conclusion
International Gemmological Institute (India) Ltd. has delivered a standout performance in Q1 FY26, combining top-line growth with bottom-line strength. As the company deepens its technological capabilities and expands its market reach, it is poised to remain a leader in the gem certification space. With a strong balance sheet and strategic clarity, IGI India is not just grading diamonds—it’s setting benchmarks for excellence.
Sources: Moneycontrol, BlinkX, 5paisa, Economic Times Markets, Business Standard
