NewsEarningsIGI India Reports Strong Q3 CY2025 Results: 21% Revenue Growth and 20% EBITDA IncreaseIGI India Reports Strong Q3 CY2025 Results: 21% Revenue Growth and 20% EBITDA Increase
International Gemmological Institute (India) Limited (IGI) announced robust Q3 CY2025 results. Consolidated revenue grew 21% YoY to INR 3,037.00 million, EBITDA increased 20% to INR 1,763.00 million, and PAT rose 18% to INR 1,298.00 million. Total certification volumes increased 26% YoY to 3.45 million reports. The Natural Diamond segment grew 29% YoY, while Lab-Grown Diamond jewelry segment saw 26% YoY growth. For the nine months ended September 2025, IGI reported 15% revenue growth, 22% EBITDA increase, and 27% PAT rise. The company's performance was driven by festive demand across all categories despite macro-economic challenges.
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International Gemmological Institute (India) Limited (IGI), a leading independent grading and accreditation services provider for the global diamond and jewelry industry, has announced robust financial results for the third quarter of calendar year 2025, demonstrating significant growth across key metrics.
Financial Highlights
IGI reported a strong performance for Q3 CY2025, with consolidated revenue from operations growing by 21% year-over-year to reach INR 3,037.00 million. The company's EBITDA saw a 20% increase, amounting to INR 1,763.00 million, while Profit After Tax (PAT) rose by 18% to INR 1,298.00 million.
Key Performance Indicators
- Total certification volumes increased by 26% YoY, reaching 3.45 million reports in Q3 CY2025.
- Certification revenues grew by 20% YoY to INR 2,941.00 million.
- The Natural Diamond (ND) loose stone segment saw a 29% YoY growth.
- The Lab-Grown Diamond (LGD) jewelry segment experienced a 26% YoY growth.
Segment-wise Performance
| Segment | Q3 CY2025 Revenue Share | YoY Growth |
|---|---|---|
| ND | 16.70% | 29.00% |
| LGD | 52.30% | 24.00% |
| ND Jewelry | 20.90% | 7.00% |
| LGD Jewelry | 8.20% | 26.00% |
| Gemstone & Others | 1.90% | -10.00% |
Nine-Month Performance
For the nine months ended September 2025, IGI reported:
- 15% growth in revenue from operations
- 22% increase in EBITDA
- 27% rise in PAT
- EBITDA margin improvement from 56.80% to 60.00%
- PAT margin expansion from 39.80% to 43.70%
Management Commentary
Tehmasp Printer, Managing Director and CEO of IGI, commented on the results: "I am happy to report that the Company has delivered 26% growth in report volume this quarter, enabling a 21% growth in revenues. Despite many macro-economic challenges, the Company has continued to deliver strong revenue growths driven by the festive demand in this quarter, across all categories."
Industry Trends and Outlook
The global diamond and jewelry industry is experiencing a transformation driven by evolving consumer preferences and technological advancements. Key trends include:
- Increasing demand for certification to ensure authenticity and quality.
- Rapid adoption of Lab-Grown Diamonds (LGDs) due to affordability and sustainability factors.
- Expansion of certified diamonds, gemstones, and jewelry demand beyond traditional markets.
IGI's multiple service delivery formats, including IGI Labs, In-factory Labs, and Mobile Labs, position the company to capitalize on these emerging opportunities and reinforce its status as a preferred certification partner in the jewelry industry.
Conclusion
IGI's strong Q3 CY2025 results reflect the company's robust position in the diamond and jewelry certification market. With its continued focus on innovation and global expansion, IGI appears well-positioned to leverage industry trends and maintain its growth trajectory in the coming quarters.
Note: All financial figures are in Indian Rupees (INR) unless otherwise stated.
Historical Stock Returns for International Gemmological Institute
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.33% | -0.80% | -4.64% | -2.50% | -28.87% | -28.87% |
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