India · Delayed Price · Currency is INR International Gemological Institute Earnings Call Transcripts
Fiscal Year 2026
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Strong growth across all segments, with 21% revenue and EBITDA growth for the quarter and 18% revenue growth for the 15-month period. Lab-grown diamond certification led segment gains, while the AGL acquisition expanded the addressable market. Guidance remains robust for FY 2026–27.
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Q1 CY2025 saw double-digit revenue and profit growth, margin expansion, and strong volume gains, led by both natural and lab-grown segments. Guidance for CY2025 is 15–20% revenue growth and 57–64% PAT margin, with India outpacing global growth.
Fiscal Year 2025
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Strong revenue and EBITDA growth were driven by robust demand in both natural and lab-grown diamond segments, with India leading market share gains. Margins improved on operating leverage, and management expects continued momentum in FY 2026 amid stable pricing and industry tailwinds.
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Q3 and nine-month results showed robust double-digit growth in revenue, EBITDA, and volumes, with strong performance across all segments and geographies, especially India. Margins remained high, and the company is on track to meet or exceed full-year guidance despite macroeconomic and tariff headwinds.
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Q2 and H1 CY25 saw robust revenue and EBITDA growth, driven by strong volume increases in both natural and lab-grown diamond certification. Margins remained high despite one-off AI investments and market softness in the U.S. and Belgium, with guidance reaffirmed for 15%-20% revenue growth and stable pricing.
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Q1 CY 2025 saw double-digit revenue and EBITDA growth, with strong volume gains and margin expansion. Lab-grown jewelry and international subsidiaries drove segmental growth, while pricing stabilized after last year's correction. Guidance remains robust for 2025.
Fiscal Year 2024
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Surpassed INR 1,000 crore in consolidated revenues with 20% growth and strong profitability. Lab-grown diamond certifications now exceed 30% of mix, and recent acquisitions contribute 25% of group revenues. Management projects continued robust growth, driven by industry momentum and brand investments.