Mumbai, Jan 28: International Gemmological Institute (India) Limited (IGI), one of the world’s largest independent grading and accreditation services providers, reported strong performance in the quarter ended December 31, 2025.
The company has reported 21% growth in revenue from operation and 26% growth in EBITDA in Q4 2025 compared to last year, driven by strong growth momentum across all its key business segments, viz, natural diamonds, lab-grown diamonds, jewelry and gemstones. Certification revenue grew 23% in this quarter.
Consolidated certification revenue for the quarter stood at INR 3,049 Mn and EBITDA at INR 1,913 Mn. PAT for Q4 2025 stood at INR 1,346 Mn, a growth of 18% on a year-on-year basis.
For the twelve months ending December 2025, the Company has reported 17% growth in revenue from operations and 23% growth in EBITDA when compared with 12M Dec 2024. EBITDA margin is up from 56.9% in 12M Dec 2024 to 59.9% in 12M Dec 2025. The consolidated PAT for 12M Dec 2025 stood at INR 5,316 Mn, registering a 24% increase over 12M Dec 2024, with PAT margin up from 40.6% in 12M Dec 2024 to 43.3% in 12M Dec 2025.
Tehmasp Printer, Managing Director and CEO of IGI said, “The company has delivered strong operating performance in Q4 and 12M 2025 while making steady progress on various strategic imperatives. We have increased our penetration and market share in the Natural Diamond certification business. Our Lab-grown Diamond certification business is witnessing strong momentum, driven by increasing adoption of LGD jewelry in India as well as global markets and stability in wholesale prices of Lab-grown Diamonds over the past four quarters. With strong presence across all segments, IGI is well positioned to unlock further growth in the coming year by providing a best-in-class customer experience.”
Industry Trends and Strategic Outlook
The global diamond and jewelry industry is undergoing a transformation driven by evolving consumer preferences, technological advancements, and increasing demand for certification. Rising disposable incomes in India, an expanding middle-class, and the growing appeal of diamonds as a luxury investment continue to fuel market expansion.
A significant trend shaping the global industry is the rapid adoption of Lab-Grown Diamonds (LGDs), which are gaining worldwide acceptance due to their affordability and sustainability. LGD volumes are continuously on the rise, with most large manufacturers of LGDs adding new capacity and wholesale prices stabilizing. As independent certification becomes increasingly essential in ensuring authenticity and quality, IGI’s leadership in this space, positions it at the forefront of this evolving landscape.
Furthermore, the demand for certified diamonds, gemstones, and jewelry is expanding beyond traditional markets, reinforcing the need for transparency and trust in the industry. IGI’s multiple service delivery formats – including IGI Labs, In-factory Labs, and Mobile Labs – enhance customer relationships and provide a distinct advantage in this evolving market. By continuing to embrace innovation and expanding its global footprint, IGI is well-positioned to capitalize on emerging opportunities and reinforce its position as the preferred certification partner for the jewelry industry.
