Mumbai: International Gemmological Institute (India) Limited, one of the world’s largest independent grading and accreditation service providers, delivered a strong performance in Q3 CY25, supported by consistent momentum across natural diamonds, lab-grown diamonds, jewelry, and gemstones (IGI Q3 CY25).
During IGI Q3 CY25, the company reported a 21% year-on-year revenue growth to ₹3,037 million and a 20% rise in EBITDA to ₹1,763 million. Profit After Tax (PAT) stood at ₹1,298 million, marking an 18% YoY growth, while EBITDA margins improved to 58%.
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Strong Nine-Month Performance in IGI Q3 CY25 Period
For the nine months ended September 2025, IGI reported a 15% increase in revenue to ₹9,094 million, 22% growth in EBITDA to ₹5,454 million, and a 27% surge in PAT to ₹3,971 million. The company’s EBITDA margins strengthened from 57% in 9M CY24 to 60% in 9M CY25, while PAT margins improved from 40% to 44%.
Tehmasp Printer, Managing Director and CEO of IGI, said, “The company delivered 26% growth in report volume this quarter, driving a 21% increase in revenues. Despite macroeconomic challenges, we achieved strong growth across all categories, supported by festive demand. Our core segments – natural diamond and lab-grown diamond certification – recorded over 25% volume growth this quarter.”
IGI Q3 CY25: Industry Trends and Strategic Outlook
IGI highlighted the transformation of the global diamond and jewelry industry, shaped by evolving consumer preferences, technology adoption, and increasing demand for certified gemstones.
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The company noted that the rising acceptance of lab-grown diamonds (LGDs), coupled with growing demand for authenticity and transparency, has positioned IGI as a key global certification leader.
With multiple service delivery models, including IGI Labs, In-factory Labs, and Mobile Labs, the institute continues to strengthen its customer relationships and expand its global footprint. Backed by Blackstone, IGI operates 31 laboratories and 18 Schools of Gemology across 10 countries, maintaining a 50% market share in India.
As the diamond certification market continues to evolve, IGI remains focused on innovation, sustainability, and leadership in quality assurance, reinforcing its position as the preferred certification partner for the jewelry industry.
