Revenue from operations rose 31.04% YoY to Rs 398.02 crore in the quarter ended 30 September 2026.

Profit before tax (PBT) increased 39.96% YoY to Rs 245.61 crore in Q2 FY27.

EBITDA jumped 39% to Rs 244.5 crore during the quarter, compared with Rs 176.3 crore in Q2 FY26. EBITDA Margin expanded 340 bps to 61.4%, from 58.0% in Q2 FY26.

The company reported broad-based growth across its business segments. Lab-grown diamond (LGD) loose stone certification volumes increased 37% YoY, while LGD jewellery volumes grew 47%. Natural diamond loose stone volumes rose 8%, natural diamond jewellery volumes increased 3%, and coloured gemstone volumes surged sevenfold, including contributions from AGL.

IGI issued 4.35 million certification reports during the quarter, registering a 26% YoY increase.

For H1 FY27, the company's revenue from operations grew 27% YoY to Rs 768.8 crore, while EBITDA increased 34% to Rs 468.3 crore. EBITDA margin improved to 60.9% from 57.8% in H1 FY26. Profit after tax (PAT) climbed 37% to Rs 351.6 crore, while certification volumes rose 22% to 7.91 million.

Tehmasp Printer, managing director and CEO of IGI said, “Q2FY27 was marked by healthy demand trends and strong operational execution, with Q2 consolidated revenue up 31% and PAT up 43% year-on-year. IGI is category-neutral by design - certifying natural diamonds, lab-grown diamonds, jewelry and colored gemstones to give buyers and sellers independent, consistent assurance of what they are buying. Lab-grown diamonds have started to witness higher adoption, while natural diamonds and gemstones remain a key growth lever for us.

As the industry enters its peak festive season in India and the US holiday ordering cycle ramps up, retailers and manufacturers are positioning for higher demand, and we are seeing encouraging trends across all our business segments. Backed by our global footprint, diversified certification portfolio and continued investments in technology, brand and customer engagement, we remain well positioned to capitalize on these opportunities and drive sustainable long-term growth.”

International Gemological Institute (IGI), a Blackstone-backed company, provides certification and grading services for natural and laboratory-grown diamonds, coloured gemstones and jewellery. Its services include diamond grading reports, coloured gemstone identification and origin reports, and jewellery appraisal reports. The company holds approximately 50% market share in India's independent gem certification market. With 37 laboratories and 21 Schools of Gemology across 10 countries, IGI has an extensive international presence in the gemstone and jewellery certification industry.