International Gemmological Institute (India) Limited (IGI India) has reported strong financial results for the second quarter, demonstrating significant growth across key metrics.

Revenue and Profitability

The company's consolidated revenue from operations grew by 16% year-on-year, while EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) surged by an impressive 37%. This robust performance underscores IGI India's strong market position and operational efficiency.

Volume Growth and Market Segments

IGI India processed 3.03 million reports in Q2, marking a substantial 21% volume growth compared to the same period last year. The company witnessed growth across various segments:

• Lab-grown diamond certification grew by 24%
• Natural diamond certification increased by 14%

Half-Year Performance

For the first half of the year, IGI India continued its strong momentum:

• Revenue grew by 13%
• EBITDA increased by 23%
• Total volume rose by 24% to 6.16 million reports

Market Leadership

IGI India maintains its position as India's largest independent certification provider, commanding over 50% market share. Globally, the company holds a 65% market share in lab-grown diamond certification, solidifying its leadership in this rapidly growing segment.

Future Outlook

Management expects continued growth momentum driven by increasing demand for jewelry certification and the rising adoption of lab-grown diamonds in India. To support this growth, the company is investing in AI capabilities and digital transformation initiatives aimed at enhancing service delivery and reducing turnaround times.

Financial Highlights

Tehmasp Printer, Managing Director and CEO of IGI India, commented on the results: "We are pleased with our strong performance in Q2 and H1. Our robust growth across all business segments reflects the increasing demand for our certification services and our ability to meet market needs efficiently."

The company's focus on innovation and digital transformation is expected to further strengthen its market position and drive future growth. As the jewelry industry continues to evolve, IGI India appears well-positioned to capitalize on emerging opportunities in both natural and lab-grown diamond certification markets.

International Gemmological Institute (India) Limited (IGI), a leading provider of gemstone and jewelry certification services, has reported robust financial results for the second quarter, while also announcing plans for strategic expansion to address increasing market demand.

Strong Financial Performance

IGI India delivered impressive financial results for Q2, demonstrating significant growth across key metrics:

• Revenue from operations increased by 16% year-over-year to ₹3,009.00 crore
• EBITDA grew by 37% to ₹1,735.00 crore, with margins improving from 48.70% to 57.70%
• Net profit surged by 63% to ₹1,265.00 crore, with margins expanding from 29.90% to 42.00%

The company's performance was driven by strong growth in both natural and lab-grown diamond certification segments. The lab-grown diamond (LGD) loose stone segment saw a 24% year-over-year increase, while the natural diamond (ND) loose stone segment grew by 14%.

Certification Volume Growth

IGI India reported a 21% year-over-year increase in total certification volumes for Q2, reaching 3.03 million reports compared to 2.50 million in the same quarter last year. This growth underscores the rising demand for gemstone and jewelry certification services in the market.

Expansion Plans to Meet Growing Demand

Tehmasp Printer, Managing Director and CEO of IGI, highlighted the company's plans to address the increasing demand for both lab-grown and natural diamond certification services. The growth strategy focuses on three key areas:

1. Scalable expansion through global retail partnerships
2. Implementation of digital laboratories
3. Geographic expansion beyond India's borders

Enhanced Certification Offerings

IGI is going beyond traditional certification methods to meet evolving consumer needs. Printer emphasized, "Modern consumers are increasingly discerning—they demand transparency, authenticity, and traceability." To address these demands, IGI has introduced a proprietary 'Light Performance Analysis' that provides a deeper insight into a diamond's visual attributes, including brightness, fire, and contrast.

Market Outlook

The company anticipates continued growth in its core segments of natural diamond and lab-grown diamond certification. Additionally, IGI is seeing strong demand for certification of natural diamond and lab-grown diamond jewelry, which is expected to further accelerate business growth in the coming quarters.

Conclusion

With its strong financial performance, growing certification volumes, and strategic expansion plans, IGI India is well-positioned to capitalize on the increasing demand for gemstone and jewelry certification services. The company's focus on innovation and meeting evolving consumer needs should help maintain its market leadership in the gemological certification industry.