IGI Q1FY27 profit jumps 31% to Rs 1,657 Mn as certification volumes climb 17%
AI Market Summary
International Gemological Institute reported strong Q1FY27 results, with net profit up 31% and revenue up 23% as certification volumes rose 17% and pricing improved. Margin expansion signals operating leverage and solid demand across loose stones, jewellery and coloured gemstones, alongside ongoing investment in US expansion, Italy operations, and AI-driven automation. While supportive for the gemstones value chain, the update has limited direct read-through to broad markets.
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International Gemological Institute (IGI) reported a 31% year-on-year rise in Q1FY27 consolidated net profit to Rs 1,657 Mn, while revenue increased 23% to Rs 3,708 Mn. EBITDA rose 29% to Rs 2,238 Mn and the EBITDA margin widened to 60.35%. Certification volumes grew 17% to 3.56 Mn reports, and average realized price per report increased 5% to Rs 1,010. The company operates in a single segment focused on diamond, gemstone and jewellery certification.
