International Gemological Institute Limited — Q1FY27 earnings call summary

Filed 27 July 2026 · Official transcript

Q1 FY27 consolidated revenue grew 23% y-y to INR 3,708 million; EBITDA grew 29% y-y to INR 2,238 million with 60.4% margin (+270 bps y-y)
India standalone revenue grew 22% y-y; EBITDA margin at 68.8%, expected to stabilize near 70%
EBITDA margin expected to improve by 100 bps by FY27 end on operating leverage
Certification volume rose 17% y-y to 3.56 million reports; ASP improved 5% y-y to INR 1,010
Lab-grown diamond capacity doubling over 3 years; US-led growth with rising consumer acceptance
Natural diamond segment growing steadily; strategic focus on increasing market share globally
Commission payouts to subsidiaries reflect global retail engagement driving certification demand
AGL acquisition contributed 3% revenue and 2% EBITDA growth; expansion into colored stones and global markets ongoing